Building Your Financial Support - Post COVID19
posted on Sep 9, 2020 | 562 likes
Your guide to getting things back together
A common reality is that there are unpleasant financial surprises springing up everywhere as a result of the economic blow that COVID-19 has brought upon us.
The good news is that there’s no problem without a solution, in fact, you don’t need to panic, it can be handled, and we will show you how in this post.
Whether it’s a recent job loss, a medical claim you never expected, relocation, a major home repair, or a mandatory professional certification that you’re supposed to take, having to face an unexpected financial expense can quickly create a sense of uncertainty and stress.
In this post, we have identified four tips that will help you build a support system for your financial situation.
#1: Reduce Spending Where Possible
First of all, when you realize that your car is moving too fast, you hit the brakes. In the same vain, when you suddenly find yourself in a financial situation, you need to immediately look at your expenses and reduce it where possible.
Financial crises often have leading factors, sometimes the signs are glaring before they occur, other times they just drop on our laps unannounced, in any case, when you take a closer scrutiny of your financial lifestyle, chances are that you will find something to cut down.
Covid-19 came unexpectedly, and it may have affected your finances via a pay cut, business closure, reduced patronage, etc. however, what you do with what is left with you as take-home salary or income will determine whether you will have a financial crisis or not.
Cutting down on your expenses involves discipline, downsizing isn’t always a pleasant exercise, but if it saves your ship from sinking permanently, then it’s worth the sacrifice. Do it.
#2: Sell unwanted personal Items
No one goes around hoping that things would get so tough that they would sell the properties.
But if you find yourself in a financial pinch, and trying to build a support system that helps you get around that ugly situation, then it is a wise decision to look at the items in your possession that are not in active usage and sell them off.
Do you have a closet, four wardrobes stocked with expensive clothes and jewelries, a garage full of items you no longer use, or even an extra portion of your yard that is not in use?
Now’s a great time to go through those items and gather anything you think you might be able to sell.
Properties depreciate, if you are not using them, they are losing value as the day goes by. It is a financially wise decision to sell them off to raise money to save an emergency situation or build an investment that will serve as your support system tomorrow.
#3: Add a side hustle
It’s simple, if the expenditure is more than the income, then will be chaos.
Not earning enough to pay all the bills that comes in is a major cause of financial mishap. So, a great way out is to find a side hustle, start another income stream to augment what you currently have.
If your schedule allows, you may consider getting a second part-time or weekend job. If you find yourself limited on time, one-off gigs such as providing food or gift packs for an event over a weekend may suffice.
In essence, find something that augments that gap in your finances.
#4: Get financial support on a speed dial
Are you already in a situation that needs a quick response to solve your financial issues? There’s also a solution for you.
In times like this, Page Financials is where you can get with quick loans to solve even the most challenging financial problems you might have.
We help salary earners who find themselves in various financial situations to get a breath of fresh air without sweating it trying to sell properties or running to friends and relatives.
Whatever your situation is, we can work with you to map out a loan plan that works best for you. Customers can access between N200k and N2.5Million to be repaid within 3 to 12 months.
The fun part is that you do not need to go from office to office, you do not even need to know anyone, all you need is a phone or computer and an internet connection and you can apply from your convenience.
So, think a loan is the support system you need right now? Head over to https://pagefinancials.com/registration to begin your application process.
Covid-19 has reminded everyone that support systems are very vital, and while we might not have prepared for this level of unforeseen, we can make the most of what we have left.
Establishing a strong financial support system could be as simple as strengthening your relationship with your financial institution so that you can access finances on speed dial.