April is National Financial Literacy Month, so The Ed Lover Morning Show team is eager to help people learn how to budget and manage money if they lost their job due to the Coronavirus outbreak OR worried about losing their job in the future OR have suffered a decrease in salary. ALSO: COVID-19 STIMULUS MONEY IS FLOODING IN, so we have some advice from a financial expert on the BEST way to go about using your stimulus check wisely and to make it last.
Tiffany "The Budgetnista" Aliche is known to be one of America's favorite personal financial educators. Through her
“Live Richer Movement,” she's helped over one million women save, manage, and pay off millions of dollars. She's been featured on many major platforms such as MSNBC/TODAY/TIME/NY TIMES/FORBES/GOOD MORNING AMERICA/THE REAL and more, offering financial guidance, PLUS she's a former teacher for ten years with a Master's degree in Education; Tiffany was instrumental in getting The Budgetnista Law (A1414) passed back in January of 2019, making financial education mandatory for middle school students in New Jersey.
PART ONE:
Do you personally think the one-time stimulus check is enough? If so, how can people make this check stretch? If not, what would have been enough?
What are some suggested tips to make the most of the stimulus check?
What are some easy ways to save money and start a so-called “Quarantine Budget” now that spending habits have changed with everyone inside the house and essential businesses being closed, like nail salons, hair salons and restaurants?
PART TWO:
For our listeners who are laid off or facing a salary cut, how can they cut back on spending if they are worried they can't make it work on the money they're making right now?
Should we still be thinking about saving for a vacation or a house right now, or should we make an emergency fund a new priority?
PART THREE:
For those people who want to use their Stimulus check to buy a big tv or a new laptop, should they do it?
You have absolutely NO DEBT and paid $300k off in student loans and debt, how long did that take you and how did you get started?
What are some side hustles you can recommend while we work from home or if we were laid off?
