What if you were able to come out of this time of social distancing and economic crisis with a stronger and healthier financial life? What if you looked at this as an opportunity to take a little bit of your extra time each day to work on your finances?
Since it takes me about 35 minutes to drive to work in the morning and 45 minutes on the way back home, I have an extra 1 hour and 20 minutes of my day that I don’t have to drive while I’m working from home that I can use to accomplish something. This doesn’t even take into consideration all of the networking and social events that would usually take up some of my time throughout the week.
Obviously, your situation is different than mine (and probably a whole lot different if you have kids at home who would otherwise be in daycare), but I’m guessing that we all have at least a little extra time right now that we can dedicate to our personal finances.
It looks like we’re going to continue to practice our social distancing skills at least through April, and now is a great time to work on creating a better financial situation, so I’m giving you 30 days of stay-at-home personal finance wins throughout April.
Unfortunately, I understand that there are many who have (and who will) lose their jobs during this time of uncertainty and objectively will not come out on the other side of this with a stronger financial situation. Hopefully, many of these personal finance wins can help to lessen the blow and make things easier on them. On the other hand, I think that many of these wins are still relevant to those who are fortunate enough to be in a position to not have to worry about their job and their finances to help them build a healthier financial life.
Day 21: Find Things To Sell
By now you’ve likely been spending a lot more time than usual in your home and you’ve probably realized how much stuff you have in your house that you don’t need and/or that gets in your way that you just want to get rid of.
This is an opportunity to make a list of those things that you don’t want and see if you can sell them and make a little extra cash. Even if the things that you want to get rid of aren’t valuable you can still get rid of them and make that extra space and declutter your life.
You may even be able to find some things that you don’t use anymore but have to keep paying for maintenance on that you can sell. That’s a double bonus in that you get rid of the ongoing cost of maintenance and also get some cash for the item.
30 Days Of Stay-At-Home Personal Finance Wins
- Day 1: Understand The CARES Act
- Day 2: File for Unemployment or Short-Time Compensation
- Day 3: Request Forbearance
- Day 4: File Your Tax Return (Maybe)
- Day 5: Commit to Yourself
- Day 6: Practice Financial Distancing
- Day 7: Don’t Panic
- Day 8: Create An Online Shopping Strategy
- Day 9: Find & Store Your Login Information
- Day 10: Review Your Spending
- Day 11: Free Up Cash Flow
- Day 12: Automate Bill Payments
- Day 13: Plan To Increase Your Emergency Fund
- Day 14: Update Your Beneficiaries
- Day 15: Plan for Big Expenses
- Day 16: Create A Debt Pay Down Strategy
- Day 17: Transfer Your Credit Card Balance
- Day 18: Increase Your Retirement Account Contributions
- Day 19: Close Your Old Accounts
- Day 20: Pull, Review, & Freeze Your Credit Report