How COVID-19 Changed My Money Mindset

Hello! I hope all is well with you in these hard times.

I always try to find a silver lining in any kind of tough situation, and COVID-19 has been no exception. Actually, I didn’t seek a silver lining in this case…I just kind of realized it one day.

How did it change? Well, I have become even better with my money now. Why? To sum it up in one very vulnerable word, fear. I fear getting sick and not being able to work, for one thing. Where I live, the government is currently giving “relief money” for that, but it’s less than what I make with my job, and also, I am sure at some point, they will stop paying that. After all, they can only afford to do that for so long. There is always unemployment insurance, but that is only a percentage of my regular pay, so again, less than what my job pays.

So, my money mindset had changed due to these fears because I am now even more careful of my money. I have one credit card that I am still paying down, and I am currently going “gung ho” on it because if I get sick and/or lose my job, I now, more than ever, don’t want to worry about debt.

After that one credit card is paid off, I will be completely debt free and want to then focus on an “emergency fund”. I want to save up enough money to get me through at least 3 months of not working, just in case.

Because of this money mindset change, I have actually never felt better about my future. That’s an odd feeling to have with COVID-19 instilling fear into me to be able to have this change.

Weird how something so positive can happen from something so terrible. I would love to hear if you have any inspirational stories coming from these past several difficult months.