3 Good Reads for Financial Needs

3 Good Reads for Financial Needs

It’s been almost a year since COVID-19 has caused financial suffering for many of us. The unemployment rate in Detroit Michigan was 12.4%, non-profit organizations experienced a tremendous decrease in funding, in some places by 35% and small businesses were being forced to close their doors.

Financial hardships come in many forms, job loss, a lack of funding, or a decrease in customers and sales but there are financial tools and lifestyle changes that can help to lessen the devastating effects of COVID-19 pandemic. And, although hardships come in many forms, let’s face it, some of us have prospered.

APPS

If you are fortunate enough, your financial situation has improved since the pandemic. Either way, famine or feast, Apps may help assist you with keeping track of your finances. Maryalene LaPonsie, Contributor writer of the US News., wrote a super cool article last year to introduce apps that can help people save money. https://money.usnews.com/money/personal-finance/saving-and-budgeting/slideshows/best-apps-for-saving-money.

In the US News article, “10 Best Apps for Saving Money…Saving and Budgeting”, LaPonsie wrote about Apps and included several options including: Raise, an online marketplace for selling unwanted gift cards. This article further describes Dosh, with cash back offers, Retail Me Knot, RX Saver, Allstate Mobile, and the list goes on. One of the Apps that I found interesting was Sliver. Sliver App was designed for citizens 50 to 70 years of age. I recommend you review the article to get more information.

Lifestyle changes

While LaPonsie, was gracious enough to share knowledge about financial apps, Forbes writer, Juan Carlos Medina, wrote about budgets and lifestyle changes. “Your Pandemic Financial Survival Kit…What to Do, What to Avoid, and Handling Change.” https://www.forbes.com/sites/financialfinesse/2020/03/23/your-pandemic-financial-survival-kit-what-to-do-what-to-avoid-and-handling-change/?sh=42e59d7aead0

Medina contributed more elaborate plans for financial survival which includes, creating budgets and emergency funds and practical tips such as contacting creditors, lifestyle changes and the avoiding the “urge to splurge”. Another good read.

Multiple streams of income & Home-Based Businesses

As I mentioned earlier, although many of us are struggling during this pandemic, experts agree that during difficult economic times, some of us are prospering. Robert Farrington, Millennial expert has a few great ideas for which include creating multiple streams of income. https://thecollegeinvestor.com/16404/the-most-common-multiple-income-streams/. Multiple streams may be added by investing and creating home-based businesses. Home based businesses have many benefits such as ease of entry and low start-up costs and would make a great topic for later blog posts.

Thank you for your time,

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Anneice Love Coady

A Love For Marketing LLC