Episode No. 86 COVID 19 + Your Finances—Savings, Debt Repayment, Unemployment + Everything In Between With Ericka Young
“It’s already a stressful season. It’s already tough making sure you stay healthy + well and that you’re checking in on your family and friends. You’re already doing all the things to guard against what we’re facing right now. The last thing you need to be stressed about is money.”
Ericka Young-- Financial Coach
I just got laid off how the hell am I supposed to pay my rent?
I didn’t file my taxes last year will I still get a stimulus check?
I have a little bit saved right now and I can still pay my employees while we’re closed but I don’t know how long I can float us.
I’m so grateful to still have my job and getting money in. But with COVID 19 going on should I be saving my money or continue to repay my debt? I was doing such a good job rebuilding my credit!
These past few weeks have been ROUGH! Corona came in like a wrecking ball and has rocked our lives to the very core. Folks are navigating some unimaginable circumstances right now especially in the personal finances department. And that's why I jumped at the chance to have Ericka Young back on the show.
She sent me an email asking how she could support the SJS audience during these difficult times so it was a no brainer to invite Ericka back in the guest chair. This time I had you all ask the questions that mattered most to you! (Thanks to everyone that submitted a question via Instagram). Questions about applying for unemployment, how to budget when your income is fluctuating, and whether or not you should be saving money or paying off debt. If COVID 19 has made a major impact on your money + you’re ready to learn how to get back in control of your finances then today's episode is for you!
Time Stamps:
4:47 — I'm a realtor + my income fluctuates a lot especially now because of Corona. How should I budget my money?
9:25 — I hate talking to creditors but I need help paying my bills for the next few months. Any tips on how to ask for financial relief without shame?
11:33 — Is now a good time to invest or make a big purchase?
16:07 — Should I be saving my money or continue to pay down my debt right now?
19:33 — How should I be tackling my student loan payments?
21:07 — I didn't file my taxes last year, can I still get a stimulus check?
23:18 — I just got my stimulus check, tax refund and a promotion but i'm not good with holding onto my money. Any tips on how to curve impulse shopping + unnecessary spending?
26:30 — I just got laid off and have no savings. How do I begin to pick up the pieces?
29:00 — How to get your hustle on to bring more cash in!
33:40 — The 21 Days Of Healthy Habits For Finances
36:40 — How to navigate finances with your significant other during a pandemic
