Financial Tips When Money Is Tight

<p>How do we respond when money is tight or when we reach a point of financial crisis? This can bring feelings of anxiety and overwhelm to any person especially when it seems we don&apos;t have enough to cover the essentials. On this episode we hope to reduce the panic financial upheaval can bring and discuss some tangible ways to care for ourselves and our budgets when things aren&apos;t going &apos;according to plan&apos;.</p><p><b>Sponsors: </b></p><ul><li><b>Empower:</b> An awesome mobile app jam packed with features that make managing your money easier. With a high-yield checking account offering 1.6% APY, and direct access to their financial coaches; Empower is an obvious choice in mobile apps! For more info about Empower, visit: <a href='http://www.empower.me/FRUGAL'>empower.me/FRUGAL</a> and use offer code FRUGAL to get a $5 bonus when you reach your savings goal</li><li><b>Tight Squeeze:</b> that feeling when you can barely make ends meet and you are wringing out that dollar for all it’s worth - sometimes our financial situation can feel like a tight squeeze; but our sponsor wants to remind us that this term can also refer to the best most warmest hug from our loved one. So when you’re looking at your budget wondering how you’re gonna pay your bills don’t think of it like a snake coiling around you causing anxiety and panic; think of it like a warm hug coming from your finances. Tight squeeze - when feeling constricted is a good thing</li></ul><p>Notable Notes:</p><p><b>What the Internet has to say:</b></p><p>This article from <a href='https://www.investopedia.com/articles/pf/11/prepare-for-a-financial-crisis.asp'>Investopedia</a> highlights a few simple ways we can prepare for a financial crisis</p><p><b>What Jen+Jill have to say:</b></p><ul><li>1. Maximize liquid cash</li><li>2. Make a budget: know how much you have coming in/going out each month (helps ID how much you should have in emergency fund)</li><li>3. Prepare to Minimize Your Monthly Bills</li><li>5. Take stock of ‘non-cash’ assets and maximiz