Here’s how to save money, even in uncertain economic times – NBC 6 South Florida
How can you save money and get your finances in order during COVID-19?
Mark Williams of Brokers International says efforts need to be made to start a savings plan during the pandemic, especially when many people have lost their jobs and unemployment benefits end on September 6.
But this can be done.
“Whatever your job, whatever your income, try to put some kind of safety net in place,” Williams said.
And it can all start with just a few cents.
“Five cents, 10 cents, 15 cents, and while that doesn’t sound like a lot, it’s all about the state of mind,” he said.
The mindset that you can build a nest egg, even in the worst of times.
“For every 25 I saw, I’m going to spend five as a gift. Now I made saving a game because what you will find is the thrill of watching your savings account grow and it becomes more exciting than the extra treat you end up spending on, ”he said. he declared.
President Joe Biden spoke on the latest economic report from the Bureau of Labor Statistics on Friday.
“As we head into Labor Day weekend, we have more evidence of our economy’s progress compared to last year’s economic calamity,” Biden said.
The economy created 235,000 new jobs in August and the unemployment rate fell to 5.2%, the lowest in 18 months, it was reported on Friday.
So whether you’re changing jobs or adjusting to a new budget, experts suggest setting aside an amount of money that can be automatically transferred to a savings account, taking advantage of tax-free days to shop, save your tax refund if you get one. , and don’t forget about store apps because in the end, it all adds up.