4 Things Families Should Know to Alleviate Money Stress During The Pandemic
Here are some tips you should know to make the most of your budget and stretch your money further during these stressful times.
Financial Assistance is Still Available
When money is tight, getting your major expenses in order can alleviate a ton of pressure. Thankfully for American families, there are still quite a few resources available that can help them stress less about rent, utilities, and other recurring costs. You can check to see if you’re eligible for relief payments through the federal or state government, but also talk with creditors about deferring payments and other ways to help you keep your finances afloat.
When the cost of food is causing tension for your budget, know that there are a few practical ways you can reduce this needed expense. Start by planning your meals and creating a list to avoid buying items you don’t need. As you plan, also look for meals that will yield leftovers, helping stretch your budget and schedule.
Coupons and Online Deals Can Help
With kids learning online and you working from home, your tech can take a real beating. If you’re worried about your budget, you may think that replacing your tech is out of reach. But you can shop manufacturer websites to find some pretty amazing deals on laptops, tablets, and more. That way, you can even buy a laptop just for the kids, to save you even more stress.
If you need any other home office equipment, Best Buy has you covered. Take the time to find a Best Buy discount code to help you save. These savvy savings will help you stretch those pennies, so if you need a new desk, chair, or any other essentials to help you work or help the kids study, you won’t have to worry about straining your budget.
Look for Ways to Cut Extra Expenses
Once you have the basics covered, you can take a closer look at your household budget. You’d be surprised at how easy it can be to save money each month. For example, switching your bank accounts to CapWay could go a long way in cutting costs. That’s because CapWay doesn’t charge excess fees, and you can keep more of your hard-earned money in your pocket.
You should also do a quick search of your email and subscription accounts to see if you are paying for services you’re not using. Cutting out streaming services, apps, and games is a painless way to cut your monthly costs. Also, look into lowering interest rates and bundling bills.
Don’t Forget to Take Time for Self-Care
Worrying about your finances when you’re also anxious about the pandemic can take a toll on your health and happiness. For this reason, and so many others, self-care has never been more essential. Best of all, the most effective forms of stress-relieving self-care don’t have to come with any extra costs. You can relieve stress by journaling, drawing, exercising, or even baking.
Taking moments to relax is also crucial. If you are trying to stick to a tight schedule as well, this can feel impossible. Work in short breaks when you can, and use this time to focus on deep breathing, mindful meditation, or simply doing nothing. Just do what it takes to help you relax.
With a vaccine imminent, there is a light at the end of this pandemic tunnel. Still, the months and even years ahead may be filled with more economic uncertainty. You’re smart to trim your budget and get the financial help that you need. You’ll be better prepared for what comes next.
Are you ready to take a step towards securing your financial future? Sign up for a CapWay account today.
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