Many Americans had not even recovered from the financial crisis of 2008 when the pandemic hit. Between the two recessions, years of economic and job growth took place, but corporate ladders disappeared causing income loss, while other wages remained stagnant.
- Unstable Income- Can’t Retire - Not Having Enough for an Emergency - Paying Down Debt - Paying for College- Aspiring for a Better Lifestyle- Paying Rent/Mortgage
1. Anxiety2. Overdue bills3. Depression4. Overspending5. Mood swings6. Strained relationships7. Difficulty sleeping8. Living paycheck to paycheck9. Loss of appetite10. Lower sex drive
- Look for InsurancePremium Discounts- Change Your Data Plan - Review Your Memberships - Threaten or Ask to Cancel Something - Defer Payments - Ask for Help
- Write Down Your List of Problems- Be Realistic- Do the Best You Can With Your Annual Income - Communicate Frequently - Automate Payments - Be Honest With Yourself and Others - Expect Surprises - Be Positive and Proactive - Be Persistent
Your goals don’t have to be so big that they outweigh your problems. You need at least one goal that you find intriguing or desirable enough to get started.
If you’re living paycheck to paycheck, you need to stop that immediately. Find anything you can in your budget to trim or reduce, and then start socking that money away.