With Las Vegas Set to reopen casinos on June 4, 2020, other businesses remain closed. The Governor of Nevada, Steve Sisolak set the date (on a tentative basis) after what has been reported as “two weeks of continued decreases” in new COVID-19 diagnoses and hospitalizations. Reopening Nevada & COVID-19 Case Numbers At the time of this writing, Worldometers.info reports Nevada with having some 7,879 total cases, but following a long Memorial … [Read more...]
Protect Your Credit To Survive Coronavirus
That title is pretty sensational, but there are indications in the American economy that credit scores are going to be very important in the era of coronavirus and COVID-19. That’s not based on speculation; mortgage lenders across America are reconsidering their FICO score requirements for home loan approval, making scores in the mid to upper 600 range less of a sure thing for loan approval than they were previously. For the record, FICO … [Read more...]
Financial Tips During a Pandemic
Every year, one of my goals is "Try something new." I just didn't know that in 2020, that would be living through a global pandemic and I would be writing about financial tips during a pandemic. Right now, my state is one that isn't in a formal shelter-in-place situation, but we're definitely close, and I wouldn't be surprised if in a week, we are forced to stay home. I've actually been home for two weeks - last week, my office recommended … [Read more...]
Why Are People Hoarding Toilet Paper During The Coronavirus Outbreak?
Why are people hoarding toilet paper during the coronavirus outbreak? This is a phenomenon that is not uncommon in situations that require restricted movement, quarantines, or other unusual measures to contain a problem like a viral outbreak. There is a lot of derision over the panic buying of hand sanitizer, face masks, and toilet paper...what are the underlying causes? Fear Of Prolonged Problems Of all the reasons why people start panic … [Read more...]
Hierarchy of Savings – What Should Come First?
It can be difficult to establish a hierarchy of savings. What should come first when you are paying yourself? Three basic areas represent parts of your life that need financial attention; your retirement fund, your money set aside for emergencies, and debt repayment. The last one doesn’t sound like you are paying yourself--at first. But debt management is an important part of establishing financial freedom. Emergency Fund: A Savings Account You … [Read more...]