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  • Broke Millenial’s Covid-19 Relief Hub
    Everything you could possibly need to get up to speed and assistance dealing with COVID-19. Don’t forget you can CTR+F.
    (Broke Millennial via Google Sheets)

  • Your Money: A coronavirus emergency plan for paying your bills
    Assess your needs and prioritize where your money is going to go – especially if you’ve lost your job.

  • Recession, Coronavirus and the Future of FIRE
    Relying on your job – now more than ever – is dangerous. But what does the current economy mean for the early retirement movement?
    (Our Next Life)

  • When You’ve Got to Cut Costs—Now
    How to cut 10%,20%, even 30% from a department store budget that’s already been slashed to the bone. With a little creative thinking, you might be able to apply them to your budget at home, too.
    (Harvard Business Review)

  • How Futurists Cope With Uncertainty
    Use the Axes of Uncertainty to uncover possible opportunities and mitigate risks by weighing economic, social, technological, and regulatory factors. It’s not as boring as it sounds!
    (Amy Webb on LinkedIn)

  • Leave Lattes Alone: It’s About More Than Just Coffee
    As we all give up our lattes right now, this is worth remembering. Take time to take care of yourself and reflect on how you normally do that – and how you’ll need to do it going forward.
    (Brave Saver)

  • Great Depression Budget Plan Simulation
    Do you like math? Do you enjoy word problems? Do you just want to distract your kids while you work from home without childcare? Hint: Use the example income of $3,000 to start – but keep in mind the average income was slashed to just $1,400/year during the Great Depression (not adjusted for inflation).
    (Margo Karlin)

Remember to adjust your budget.

Battling uncertainty in your budget? Here’s how you can expect your budget to change as Covid-19 continues to spread.

If you still have your job:

  1. Prepare for a job loss. Save as much as you can, and check on your support network (friends, family, and community) to shore up any weaknesses or worries. Make a plan.
  2. Decrease your entertainment budget. This should be a no-brainer because you can’t go anywhere, but don’t just expect to save all that cash. You’ll need it…
  3. Increase your food budget. Grocery delivery is safer if you can afford it, but sometimes even curbside pickup has a fee. The cheaper stores may not offer either. Depending on which groceries you can adequately clean, you might opt to buy boxed, canned, or pre-packaged goods over fresh produce picked by potentially contaminated hands. When you do buy fresh, a quick wash should more than suffice.
  4. Give back. Not everyone in your community is lucky enough to stay employed. You probably know someone in need – help them.

If you’ve lost your income:

  1. Decrease your entertainment budget - but not too much. Unemployment is emotionally debilitating. Take time to take care of yourself, even if that means a healthy distraction now and then.
  2. Decrease your food budget. Food is one of the easiest budget categories to slash. We wrote about it, but consider yourself on a diet of pantry meals from now on.
  3. Ask for help. Not everyone in your community is lucky enough to stay employed. You probably know someone in need – help them.

If you’re looking for something to do, pick out some social-distance-appropriate activities from our No-Spend Calendars!

And in case you’re still panicking about the stock market, our friends over at Two Cents have some words to share.

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