COVID-19 is affecting everyone differently, but it’s affecting everyone. 88% of Americans say the pandemic has affected them financially, according to a NEFE survey (and this survey was back in April). The survey found the top money stressor was simply not having enough in savings.
I haven’t really posted infographics, because I think too often they’re just an excuse to not actually write an article. But this is different. I actually came across a useful infographic.
“Does your spouse work or are they a stay-at-home parent?” That’s a funny question, because it eludes to the idea that stay-at-home spouses don’t work, whether that’s the questioners intention or not. My wife is a stay-at-home mom, and I can tell you right now: she works harder than I do most days and I have a “real job.”
There is a time for quantity and a time for quality. There is a difference between cheap and frugal. Being a good financial steward doesn’t mean being cheap. Quality usually lasts long enough to make the prices come out the same if not better.
What kind of financial future do you want for your kids? A successful future? A debt-free future? An intentional future? Since more is caught than taught (i.e. actions speak louder than words), we often say we want this financial freedom for our kids, and continue to live in financial ruin.
My friend bought a new car last week. His car had broken down three times in the few weeks prior to buying his new car, and each time left him stranded on the side of the road. He found a permanent solution for a temporary problem.