How to survive quarantine if you do not have a financial pillow
'09.04.2020'
Source: Passion.ru
The situation with coronavirus divided people into two camps: those who hope that this will all end in a month or two and return to a measured life with the usual benefits and those who understand that the world will not be the same again, the economy needs time to recover and, accordingly , it is worth stocking up with patience and finances in order to survive this difficult period, writes Passion.ru.
If you have previously set aside funds "for a rainy day," then you can not fuss, but wait quietly. But, and if you did not take care of the financial pillow, then our tips for survival in times of crisis will probably come in handy.
Experts assure that the crisis in our country will not "resolve itself" and it will take more than a year or two for the economy to recover and it is possible to plan something and rely on something again. And now, unfortunately, you will have to rely only on yourself and on your ability to adapt to difficult situations. We tell you how to survive a difficult period with minimal losses and risks.
As before, it will not be
Whatever it was, it must be admitted that, as before, there will be no longer those principles by which you once lived, which can play a cruel joke against you in the new realities. Therefore, do not cling to the old, but analyze what you can do to change your life for the better. Psychologists recommend not to despair and not give up, but to think that there are good opportunities now and your future will depend on how you use them. The worst thing that can be done now is to blame everyone around for their failures and complain about the injustice of fate. It is better to spend this time profitably than to bite your elbows from the fact that you missed something really important and you can’t return it back.
This is not a movie script, this is your life
Some people still doubt that this is all really happening and continue to live on a grand scale. Although financiers recommend abandoning rash spending and maximizing their costs. Indeed, it may happen that you will soon need another amount of money, but you don’t have it - you bought another unnecessary little thing or invested in a dubious project. The sooner you realize that you need to save money and not spend, the more chances you can calmly survive this difficult time.
Your finances are in your hands
Do not think that someone will come to you and share a recipe for cloudless happiness and a comfortable life. Your well-being is only in your hands and it depends only on you how quickly you will find a way out of this situation. To get started, calculate your income and expenses, abandon rash expenses and optimize expenses (for example, refuse paid subscriptions, purchase goods that you currently don’t really need, and so on). Accustom yourself to the fact that you need to part with money only in the most extreme case, and not litter it right and left. Do not forget to pay the required payments, otherwise you cannot avoid fines and penalties (and this will cause another blow to your finances). If you suddenly lost your job, then do not hesitate to contact the employment service, there they will tell you what you need to do in order to receive monetary compensation until you find a new job. And at the same time update your resume, throw a cry to friends and actively respond to suggestions in thematic groups. Who knows, maybe this is where you will be able to find, if not a dream job, then at least a part-time job that will help you stay afloat and calmly monitor vacancies in search of the “same one”.
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Understand Yourself and Your Opportunities
Instead of panicking and making a bunch of mistakes that will punch a hole in your budget, sort yourself out. Think about your talents and abilities, think about how you can be useful to this society, upgrade your professional skills (now you can find many different online courses and educational programs that will help you further develop in your field or even change your field of activity). Why not? Now is a great time to do something that you always dreamed about, but were afraid to try. Perhaps you have some idea that does not require large investments, so why not get involved in its implementation?
Look for new sources of income
Not sure how to increase your income? Start simple. Disassemble your things and sell what you plan to use or what will help you not to get into a debt hole (in case of loss of work, for example, or a reduction in salary). We understand that parting with a car, a gadget, or even giving a cottage inherited from my grandmother, will be insanely sorry, but if this helps you survive the financial collapse, then why not? There is, of course, another way out - to move to this same country house (to relatives or friends) and rent out your apartment, thereby correcting your financial situation. By the way, in this situation, many citizens are not at all against “running away to the cottage,” so you can rent a grandmother’s house for a very good price (of course, it all depends on the location and condition of the cottage, but still).
The next step is to make your hobby an additional source of income. Perhaps you bake cupcakes and cakes perfectly, make websites, write "selling" texts or play a musical instrument brilliantly, so why not try to monetize all this? Start a page in social networks, tell about your product (or service), start an online course in the end. In this case, it’s worth trying all the ideas and finding the best option for yourself (everything is better than worrying about the next day when some payment is nearing, and you have “finances singing romances”).
Do not doubt your abilities and do not be afraid to take responsibility
Remember that there are no hopeless situations and even if the first time everything does not work out perfectly, you will at least understand in which direction you should move in order to achieve what you want. Make a plan and think over a development strategy for the near future and for the long term. In addition, learn to take responsibility for your life, your actions and decisions. Set your own rules, choose those ways and solutions that will help you achieve certain goals. In addition to putting things in order in your finances, putting things in order in your thoughts - try to do something that you have never done before while in your comfort zone. This will make you look at the situation from the other side and come up with something that can lead you to success.
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Stop comparing yourself to someone
While you will be looking back on things going uphill from a neighbor, friends and colleagues in such difficult conditions have managed to make a career, and your family and friends live as if nothing had happened, chaos and uncertainty will continue in your life. Stop thinking about what is happening with others and focus on what is happening specifically with you. After all, you don’t know what is really happening in the soul (and life) of others, so what is optimal for them may not work with you and vice versa. Therefore, prepare your own phased anti-crisis plan that will help you minimize risks and losses and wait until everything is normal.
Take problems easier
It is unlikely that anyone will argue with the fact that the more difficult the situation in life is, the more problems (some troubles arise from others, attracting more and more troubles to you). Sometimes it seems "much more?", But no, life presents new surprises, as if testing you for strength. Experts advise you to learn how to let go of problems and look at them as if from outside. Thus, you can find the best solution that you would not even have come up with before. If you learn to control yourself, and emotions are in control, then you can quickly overcome difficulties and find a path to success. And at the same time accustom yourself to the formation of a financial airbag. You must admit that it is not at all difficult to set aside some part of the income “for a rainy day”, so that when that day comes, you again will not have to make the choice to calmly wait for adversity or survive, barely making ends meet.
