May 6, 2020
Many families are dealing with the financial fallout from the coronavirus, including losing their income and jobs. See how you can adjust your budget and get the resources you need to ride out these tough times!
How to Cope with Job Loss
As of right now, around 30 million Americans have filed for unemployment in the past six weeks.
Besides the health risk of coronavirus – which should NOT be ignored or downplayed – a huge concern of this crisis is the financial fallout.
How do we keep going through these tough times?
Which is why I wanted to do this mini-series.
Part of the challenge – at least to me as I’m putting this together – is reading, hearing, and seeing how different things play out depending on many factors.
Yes, we’re in this together, but for a couple who’s lost one or both incomes, or one that’s seen their retirement savings seemingly crash, those are completely different ball games than a couple who’s trying to balance taking care of their kids at home while working remotely for example.
Each has its own challenges and so what I decided to do is break up the mini-series episodes based on different situations families may find themselves in.
There are key takeaways, I think all of us can learn from and pick up, but I did want to highlight some scenarios so this mini-series can be helpful and relevant as possible.
And they are based on what you’ve sent in about what you’re dealing with right now.
So thank you, I’m grateful to have your input on this.
Today I want to talk about one of the biggest ways many couples are being financially affected by this – loss of income.
Whether it’s being furloughed, seeing your hours drastically cut, or losing it altogether – it can be a heavy weight on you.
Ani is sharing her story about how she’s dealing with it.
They’re offering tips and resources to help make ends meet and steps you can take to shore up your finances not just now but in the long run.
In this episode, we’re discussing:
Let’s get started!
Here are some resources we mentioned in the episode as well as some other handy articles to check out:
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.
Thank you so much for listening to the podcast!