July 28, 2020

3 Ways to Change your Money Thinking after COVID-19

Category: Manage Finances
There is no doubt that COVID-19 has forever changed the way we live and think. Most of us now have accepted that some things will never be the same, and the new normal includes more change and more flexibility in how we live our lives.
And, of course, one of the biggest things that have changed since the virus began is the way we view and use money. While so many have lost their livelihoods and are suffering real financial hardship, others are worried about future income and what the world will look like even once a vaccine is found.

When it comes to money, no matter what position you are in, it is good to change your thinking and attitudes now, to prepare for whatever comes next. Here are three ways to think about your money in the new world we are living in.

1. You have enough.

You don’t need those new shoes, clothes, camping equipment, or whatever else it is you have been looking at. If you think about the fact that all of your possession used to be money, have a look around your home at all the things you have that you don’t use, or would rather have the money back on. Now is a time for less rather than more. Make use of what you already have and turn off apps and social media if it makes you want more.

2. Cash is king.

You need savings for security. It is no longer enough to have a credit card for emergencies. You need cold hard cash. Which may mean selling things you no longer need, or not going on dinners out and holidays, in order to save. Whatever you have to do, get yourself a cash savings pot and guard it. If these times have shown us anything, it is that change can come at any time, and you need to be prepared.

3. Get rid of credit and live in the cash economy.

No more buying things on AfterPay and lines of credit that you need to pay back. If you don’t have the cash for it, don’t buy it. I know that can feel harsh, but the harsher reality is spending years of your life working to pay back things you already have. Make sure you look after the future you as much as you of right here and now.

Sometimes it feels like most things are happening outside of our control. These three new ways of thinking, which I have adopted and are giving me peace of mind, can at least give you some control over your financial future, via the decisions you make right now.

Until next time,


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  • From Kids Debit Card on Changing Conversations You Need to Have with Your Kids

    The goal of the following article is to assist parents have meaningful conversations with their children about money and financial literacy by providing them with practical guidance and useful recommendations. The author discusses goal-setting, budgeting, saving, and investing, and offers advice on how to have these discussions with people of varying ages. The essay is informative and easy to read, making it a valuable tool for parents who want to teach their children about money.

    For More Info:-https://busykid.com/kids-debit-card/

    • From admin on Changing Conversations You Need to Have with Your Kids

      Thanks for your comments!

  • From Gale Pickles on It Was the Best of Times, It Was the Worst of Times

    So enjoyed this, I will share if that’s okay with you, many of my friends will benefit from your journey.
    Many Blessings for 2023

  • From ScottViabe on Three ways to embrace change to improve your life

    Hi all! This is a good site.

  • From David Horton on How Finfluencers are teaching millennials and Gen Z about money

    And once again the regulator finds a way to stop ordinary people from getting advice by placing high costs on people who do the right thing. If a finfluencer is actually trying to scam someone, it would not be hard to operate outside Australian jurisdiction.

    • From admin on How Finfluencers are teaching millennials and Gen Z about money

      They definitely have a place. People need advice and many are working on it to be more accessible. Watch this space!

  • From Camelia on IT'S NOT TOO LATE FOR YOU

    It’s never too late to learn something new and to start all over again. Unless you’re dead, you can do it.

    • From admin on IT'S NOT TOO LATE FOR YOU

      So true

Each day I wake up excited to inspire everyday people to open up and take control of their money, regardless of their history, goals, or savings amount. About Vanessa >>


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