This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/employed-money-moves/
This exclusive industry related news story, was selected specifically by Marcus lee, who is one of our undercover online business News flash reporters – will offer you more insight in how these points of discussion could be translated into your own business Launchs.
More than 20 million Americans have become unemployed due to COVID. There is no sign of how long this high level of unemployment will last.
If you or someone you know has lost their income or had their hours reduced due to COVID, there is thankfully unprecedented relief available. From expanded unemployment benefits to a pause on federal student loans, there is help available.
But there are still many who are still employed during COVID. They are still receiving paychecks and may have health insurance or other benefits from their employer.
If you fall into this group there are a number of money moves you should consider making. COVID has created uncertainty around when things will be “back to normal” and how long the economy will be stuck at a crawl. Not surprisingly the money moves I am going to share will be geared towards bulking up your finances so they can weather difficulties.
Bulk Up Your Emergency Fund
COVID has made many finally realize how helpful an emergency fund can be. I’ve argued in the past that having 3 to 6 months of expenses in cash is more important than eliminating debt.
Think about it: if you were suddenly unemployed would you rather have $1k in cash and no debt, or $20k in cas… Read More
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