Don’t Worry, Be Happy – Really?
Your feelings of uncertainty are real. You may have been sick, lost a loved one, furloughed or lost your job, have the kids back at home, or frankly don’t know what is going to happen.
You are not alone. And you have options and support available.
We know that having money can take a lot of pressure off you and your family. Money will not necessarily make you happy, but the lack thereof will certainly cause stress. Before the Pandemic, fewer than half of Americans were able to come up with $400 for an emergency without borrowing the money, so it’s understandable that a pandemic with financial implications, on top of everything else, would cause even more stress.
Here are some things that may ease the way forward if you are struggling with finances.
Now is the time to work on realistic goals that will help you hang on financially as we navigate this turbulent season. You want to cover expenses, be mindful of your credit rating, buy the necessities and make sure your loved ones are taken care of. If you can’t pay everything or if your finances are tight, consider the following:
Don’t Keep Up With the Joneses’
You will always see people spending more than you and posting on social media that their lives are amazing. Let it go. Try to dismiss any discontent you may feel. Start explaining your values to your kids and that what is important is that you are going to stick together as a family and get through this together.
Set New Expectations
As a family, figure out how each of you can chip in with time and effort to reduce some of your expenses. Make a list of all of the chores you can do and the money saved. For instance, you may have been paying for house cleaning, pet walking, pet grooming, lawn service, painting/handyman services, car washing, massages, nail and hair treatments, etc. This empowers the kids to help, and it makes them feel like they are really contributing to family goals.
Move Forward Together
As your family works together to make the best of this season, you can also get the support of a nonjudgmental and compassionate Money Coach. While many things may feel like they’re constantly changing and uncertain, you can rest assured that an MSA Money Coach has the expertise to leave no stone unturned when it comes to determining the options available for you and your family.
Building a budget, managing debt and credit, understanding unemployment benefits, determining tax implications, caring for kids and aging parents, and how to save more are just a few examples of what you can talk about with your Money Coach. Call 888-724-2326 today to get started.
Employees with big paychecks are not immune to money problems. Take MSA members Mike and Diane for example. Even though they had a large family income, their financial troubles were even larger: “When we first contacted [MSA], we were financially sinking. We are a double income family making over $150,000 a year and still struggling […]
Nathan and his wife had plenty of dreams, like going to Europe, buying a house, and starting a family, but one huge obstacle stood in their way: debt. Their Money Coach, Lee, showed them how to incorporate debt stacking and still make headway with their short, mid, and long term goals. Eliminating Debt Debt stacking […]
Have your finances been impacted by COVID-19? Here’s where to get financial help. As the number of businesses impacted by COVID-19 continues to rise, so does the number of potentially unemployed workers. Depending on the industry and the type of work you perform, you or someone in your household may have been asked to work […]
Want the keys to less stress and a happy life? Karly found the answer when she started working with a MSA Money Coach, an experience that has enriched her finances and her life. The best part? The keys can be within your reach as well. Karly had $58,000 in debt keeping her from a care-free […]