Couple Money Podcast

Today we’re going to jump in on ways you can adjust your finances during the coronavirus crisis to get through these tough times!

Today we’re going to jump in on ways you can adjust your finances during the coronavirus crisis to get through these tough times!

Getting Your Finances Stabilized During the Coronavirus Crisis

Even though it’s been less than a month since schools closed here in Raleigh, it feels like a lifetime ago.  

And chances are things can feel that way to you. 

Right now it’s estimated that over 300 million here in America are under stay at home orders

I truly hope that you’re doing well and that you’re able to work remotely or at least have some steady income coming in. However, I know from emails that some have seen their hours drastically reduced, they’ve been furloughed, or they’ve been laid off. 

It’s tough to figure out the next steps when we’re in the middle of things, but there are ways we can prepare and pivot to get through these financially tough times. 

Joe Mecca, VP of Communication at Coastal Credit Union has been out there letting those in the community know what resources out there. 

Today he’s on the show to discuss things you can do now and over the next few months. 

In this episode, we’ll get into:

  • Figuring out how to reprioritize your budget
  • How much of a financial cushion should you have with these certain times
  • Where to look for relief programs (more than just the CARE Act)

Let’s get started! 

Resources to Easily Stay on Top of Your Money

Here are some resources we mentioned in the episode as well as some other handy articles to check out:

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today!

We’ve been Coastal members for a few years have been happy with their services.

If you're a member and you've been financially affected by the coronavirus, Coastal has a member assistance program to ease the burden.

How to Reprioritize Your Budget

Let’s jump right in to the big issue that is stressing out many families – how are we going to pay our bills?

We’re grateful to still be able to work remotely, but that isn’t the case for all. Some industries like restaurants, hospitality, and service have seen been hit hard, with many losing their main source of income. 

I was reading that in the week that ended March 28, over 6.6 million people filed for unemployment

So if you’re in that situation where you are looking at struggling to budget, how do you prioritize what bills get paid?

When things were closing down and the Cares Act hadn’t passed, Any Hill from Marriage Kids and Money and I shared  our thought process in a video on the Thriving Families group. 

It was about focusing on two goals for the month – pay your essentials (roof over your head, food, utilities) and building up your emergency fund if you didn’t have at least 3 months stashed away already. 

And I do believe that they should be your priorities, but with some relief options being offered by lenders, protections from states and the Cares Act, Joe points out a path you can use in your budget.  

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere

 

For many couples, getting their house to sell for top dollar can help them hit crucial financial goals. Today we’ll go over what you need to know to get a great price when selling your home! 

Selling Your House for Top Dollar

Before we begin, I want to give a disclaimer that this episode’s topic and interview were done before the volatile landscape we find ourselves with the stay at home order in NC due to the coronavirus. 

I’m releasing it now for a few reasons:

  1. At some point in the future, these restrictions will be lifted and so now could be a time to start taking steps around your place to get it ready for sale
  2. I just saw a house in the neighborhood put a for sale up this week (dozens of listings new – or within the last 24 hours)- so people are trying to move on as best they can
  3. With things shifting including jobs, many couples in the relatively near future may have to move 

So while there may be an immediate pause on house tours, with this time many of us have at home, I thought it would be practical to get into ways to prepare so if you do sell when it’s time, you have what you need to get it done. 

I’m very grateful to have one of my favorite real estate experts back. Louis Guillama is the Vice President of Real Estate Operations over at Coastal Credit Union. 

In this episode we get into:

 
  • The biggest mistakes couples make when selling
  • How to Stage Your House to Sell 
  • How to decide if you should fix and update your place to able to sell it for more

Let’s get started! 

Handy Money Resources for Selling Your House (and More!)

Thank You to Our Sponsor Coastal!

Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.

If you need an agent, Daymark Realty has a fantastic team ready to help find the perfect house for you in the Triangle area!

Support the Podcast!

Thank you so much for listening to the podcast!

  • Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
  • Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
  • Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!

Music Credit

Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.

 
Direct download: S10E14_How_to_sell_Your_Home_for_Top_Dollar.mp3
Category:personal finance -- posted at: 8:11am EST

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