Follow Majic 94.5 On Twitter: Follow @majic945
We are all looking for ways to stretch and save money more so than ever before right now. First and foremost, stop shopping on line! That was actually for me:) But seriously, here are some money and budgeting tips from financial experts to get you through this crisis we’re facing.
Sign Up For Our Newsletter!
1. See what kind of help you qualify for. File for unemployment if you lost your job, and check with credit card companies to see if they’ll freeze your payments for a month or two. The government also offered an extension on student loans through September.
2. Re-vamp your budget. Look through your last bank statement for anything on auto-pay that you don’t really need right now. You do not need that magazine subscription right now.
3. Look for free and cheap ways to pass time. Your Netflix subscription is probably worth the money right now. But there are also free ways to kill time. For example, a lot of libraries will let you sign up online and access their digital books and movies for free.
4. Don’t borrow from your 401k unless there’s no other choice. You’ll lose out when the market rebounds. Plus, the mistake a lot of people make is borrowing from it to pay off credit cards, but then they go bankrupt anyway. Retirement plans are usually protected from bankruptcy. So don’t tap into that money unless it’s really necessary.
5. Look for a side-hustle. Whether it’s something you’ve always wanted to do, or you’re just trying to make money, now’s a good time to get serious about it. Time is the one thing most of us do have more of right now.
Hope that helps….as I cancel all of my unnecessary auto-pays:)
-Queen Indy Bee (@Queenindybee)
- Marsai Martin Working On Unscripted Show About Black Women Who Have Made History
- Tamika Mallory Discusses The Aftermath Of The Breonna Taylor Case [EXCLUSIVE AUDIO]
- Front Page News: First Presidential Debate Happens Tomorrow Between Donald Trump & Joe Biden [WATCH]
- NeNe Leakes Reveals That Bravo Forced Her Out From ‘RHOA’
- San Francisco Launches Program To Give Pregnant Black Women $1,000 Monthly Stipend
- Breonna Taylor’s Black Neighbor Breaks His Silence: ‘My Apartment Was Hit Too’
- Trump’s Ex-Campaign Manager Who Targeted Black Voters With ‘Dark Posts’ Is Hospitalized Over Suicide Concerns
- People Want Trump Arrested For Tax Evasion After NY Times Reveals He’s A Broke Fraud
- Trump Nominating Amy Coney Barrett After Voting Has Begun Undermines The Democratic Process, Civil Rights Groups Say
- Trump Is Expecting Amy Coney Barrett To ‘Be A Female Antonin Scalia,’ Who Once Said Blacks Need ‘Slower’ Colleges