Covid-19 is changing the way that we do business, interact in our communities and with each other. Recently, I recorded a segment with WFAA-TV’s Good Morning Texas sharing tips about how to stretch your dollars without feeling deprived and going without.
Want to watch the video? Click here or watch below. Just want to read… also below :)
Don’t Be Scared of Your Money
Know how much you have coming in, from where and where it is going. Now is not the time to be scared of your money and playing hide and seek with the numbers. Take a good look at the money. Check your savings. Check the things that are coming out in automatic debits — do you still need it? What are your essentials? Everything else in not.
Let’s Get the Essentials Covered
Cover the Essentials. Take your list from #1 and know how much you need to cover them. Your mortgage or rent, groceries, car, insurance, utilities, cell phone? If you are short and the numbers don’t match up, it is time to get creative. Do you need to pick up a part-time job? Where is there space to reign it in so that you have a bit of breathing room and can catch your breath. Are you paying too much for your phone bill? Maybe you need a less expensive phone plan or need to switch carriers? Is your electric bill too high almost all the time? Let’s be proactive and get resourceful.
Score A Good Deal… On Purpose
Speaking of Groceries. This is an area that many families can stretch 1 dollar into 5. Meal plan. Look into a co-op. Check with your grocery store for mark-down day — every store has one or two. It’s a great time to stock up on some of the needs for the week. Add a meatless day of meals into your rotation. Use what you already have and multi-purpose leftovers into a new meal. For example, a crock pot roast on Sunday evening with roasted veggies can be turned into seriously Rockstar tacos on Monday or even into the base for a stunning and unboring ragu with brimming with flavor.
Rethink and Reconsider Your Extras
Subscriptions, entertainment, cable and extras. No one wants to feel deprived even when times have suddenly turned more difficult. But do you really need to pay for Hulu, Netflix and cable? Do you get a subscription box on the regular or have a gym membership that you haven’t been to in forever? Maybe pause that for the time being…. those coins add up $50 here, $15 there…. Also talk to the operators of these programs, many have reductions that they can offer when you have hit upon a time period where you have less money coming in.
Tap into the Available Resources
Discover what resources are available. Unemployment, part-time employment, emergency child care, women’s and children’s health coverage through CHIP. There are a multitude of resources available but you have to look for them. Good places to start at Health and Human Services, Your Texas Benefits and the Texas Workforce Commission Websites.
Need more specific help or have other questions, send us an email at email@example.com and let me know. We will do what we can and connect you with someone that can help, if we can’t.