The Doctors share troubling statistics related to COVID: 1 in 4 adults have had trouble affording their bills since the outbreak of COVID-19, 1 in 3 people have had to dip into their savings to make ends meet, and 1 in 6 people have asked loved ones for help or received food from a food bank.
Focus on what you can control financially for the next 30 days
Bernadette says to avoid looking beyond 30 days until you have 1 month mapped out and says once you have your month under control to then move on to bigger money goals.
Use her acronym "F.L.O.W."
- Face your financial fears - and do not stress about making money mistakes now and then
- Let the experts in - instead of doing it alone, seek the advice and guidance from a financial expert in order to save even more -- especially on your taxes
- Owning everything within your control - Instead of trying to control something like the pandemic, she says to focus on something you can control like your food and transportation expenses
- Work less - Bernadette says instead of getting a second job or a side hustle, she feels streamlining your finances can help you avoid having to trade your non-work time for extra money
Get even more money-saving and financial planning tips from Bernadette on Crush Your Money Goals.