Money Moves that You Need to Make Now

This pandemic has brought to light how ill-prepared to effectively manage a crisis involving the spread of a virus. The domino effect it has taken on the economy as a whole is unprecedented. I’m one of the lucky ones who is working remotely in the banking industry for an unknown amount of time, hopefully by the end of April.

It’s caused me to think more about my finances. What have I been putting off doing that now I should start doing? How can I put myself in stronger financial standing so that I have the breathing room necessary if I would have lost my job or worse? I’ve come up with financial moves that I’ve been spending the past few weeks doing. They can probably be of use to you too.

I bought a new Jeep Wrangler about a year ago. It was a bit of splurge but I’ve enjoyed it a lot. It costs me a lot of money at the gas station too. If you’re working from home like, you’re probably not driving around much. My savings are roughly $60 a week which is now heading into my high-interest savings account instead of my gas tank.

My weekly spending on eating out hasn’t actually changed that much. I usually eat out once or twice a week at most. That’s probably less than on average anyway. I’ve been ordering pickup or going through drive-thrus mostly in my attempt to help local restaurants.

However, my frequent trips coffee runs during the workweek has now reduced to once a week. I’ve been brewing Donut Shop by Cameron’s instead. A $6 bag lasts me about a little more than a week. I spent $15 a week getting coffee between Starbucks, Scooters, and Caribou.

My gym memberships are also suspended since the gyms are closed. Another splurge of mine was renting clothes. I’ve tried Ann Taylor, Express, and Le Tote in the past because I like to add variety at the workplace. Now, my work attire cycles between the many outfits I have to work out in.

As an added perk, I don’t have to change when I’m done with work and ready for a home workout. In total, the savings from these memberships are…

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