Welcome to the Financial Friday Round-Up, where we scour the web for the best things to read, watch, or listen to regarding finance every week. Check out the articles below for how to talk to a friend about life insurance, money-smart ways to spend your stimulus checks, and steps to starting a crisis budget.
Regular budgeting methods tend to be thwarted in the face of unexpected economic events, but you can still stay diligent in your savings by creating a crisis budget. Consult these five steps to keep on track to your goals: 1) Determine your family’s current income; 2) Make two written commitments; 3) Prioritize essential needs; 4) Delay nonessential expenses; and 5) Analyze monthly subscriptions.
Millions of Americans will be receiving a stimulus check from the government this month — the best ways to use it include dropping it directly into your emergency fund, paying off high-interest debt, and supporting local business (after taking care of your essential needs, of course).
National Life Group has published a helpful blog post on how to make sure your friends are protecting their families and safeguarding their future. Check out this piece for easy ways to bring up life insurance to your friends who are uninsured.
If you don’t have time to read this whole article, just know that if you receive a text saying it’s from the IRS and that your economic relief check is ready, please — do not click the link.
Check out our other Financial Friday Round-Up posts for more great reads!