Will the Coronavirus Pandemic Cause You Financial Ruin?

If it appears I am writing about the coronavirus pandemic just a little too much these past few months, it’s because it is such a huge deal. Right now over 40 million people have lost their jobs here in the U.S. and the truth is that no one knows what will happen now or over the next months and possibly years. The coronavirus is not done yet despite what some people want to think.

Are you worried that our current pandemic/economic crisis will leave you in financial ruin? Here's what you need to do to protect your finances.

In the U.S. alone, over two million people have now been diagnosed with COVID-19 and more than 110 thousand have died in just twelve weeks. The rapid spread of the coronavirus has caused the daily life of Americans to be fundamentally altered and that may last forever, or at least until a vaccine is discovered and that could be years away! That leaves a big question that has to answered about you, the economy and your finances: “Will the coronavirus pandemic cause you financial ruin?”

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Racism Makes America “Ungreat”

Warning: America isn’t perfect. Back in November of 2018, I wrote a post about “Racism, Prejudice, and Finances – The Ugly Truth”. I said then that financial racism was a huge problem, and that may be easier to see right now with everything that is going on in every city across the nation and even around the world. Equality applies to both civil rights and money, too. Writing about your money and how you can do better when you manage it depends on one main thing:

You have to have some money or the ability to get some of it in order for anything good to come from it.

Racism has been part of American culture for hundreds of years, keeping it from being great. Learn what you can do to counter racism.

Lack of equality means that too many people never get the opportunity to do any of that. But when you say the word “ungreat” like I used in my title today (even if that isn’t an actual word), you still have to draw the conclusion that America and its Constitution is still a hell of a lot better than anything else “ya got”.

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7 Tips to Get Your Home Ready to Sell

For today’s guest post on getting your home ready to sell, please welcome Logan Allec from Money Done Right.

Selling your home can be a time-consuming process, and you can typically increase the sale price by making a few last-minute changes. Depending on the home’s current condition, your real estate agent may recommend drastic transformations or just some simple adjustments.

If you're getting your home ready to sell, it's important to spruce it up a bit to maximize your home's value. Here are some of the best ways to prepare.

This article will cover some of the best ways to prepare your home for sale and maximize its market value. Again, you should talk about these ideas with your agent—they have the knowledge and experience necessary to identify the most effective strategies for your unique situation.

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Safe Investments for the Retirement Mindset

The closer you get to your retirement, the fewer risks you should be taking with your money and investments. That’s just good common sense, because you can’t find yourself after you stop working “losing” value in your nest egg or you will be in for real trouble. But it isn’t as easy as it sounds, because while you are looking for something that’s really “safe” and carry at most minimal risk, you are also looking for something with some kind of growth so you can keep ahead of inflation at the very least. So how do you find safe investments when you are in the retirement mindset?

As your approach retirement, it's important to have safe investments that will last as well as some growth. Here are some safer investments to consider.

Diversify Your Investments

The best investment advice for anyone, retiree or not quite there yet, is to diversify. That’s because it is a way to avoid putting all of your eggs into just one basket and gives you a hedge or safety net on exactly what happens in a typical market cycle.

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How to Choose a Great Home Lender for Your Mortgage

Please note this post contains affiliate links which help to fund this blog at no cost to you. Thanks for your support!

Once upon a time, getting a home loan was as simple as walking down to the local bank, sitting down with the manager, shaking hands, and presto! You’ve got a home loan and your local bank was your home lender. That’s pretty much the way it used to be.

With low interest rates, it's prime time for getting a mortgage or refinancing your home. Here's how to find the right home lender for you.

Today, with the advent and popularity of online lending, times have really changed. Borrowers are now spoiled with so much info and so many choices! Right now (and how many times have you heard it over and over again in recent years) mortgage and refinancing rates are at really low numbers. With so many different lenders beating a path to your door and giving customers so much different information, how do you know when you’ve chosen a great deal from a great home lender? Well, wonder no more!

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Why Is Your Road to Financial Freedom a Bumpy Path?

If you are reading this post, chances are that you already understand what debt is and even may be neck deep in debt right now. That might even be true for you if just a few months ago you were actually making a pretty healthy salary.

In your quest for financial freedom, there are some bumps you'll need to overcome. Here are the areas you'll need to cover to get financially straight.

There are some good reasons you could have for being in that condition. The first one being that you may have recently lost your job because of the pandemic and that has cut off your main source of income. That just about always spells economic disaster. If you were never really any good at saving money, certainly losing your job will make your financial situation a lot worse.

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Time Flies…It’s Blogiversary #6!

Although time seems as if it has stood still since March of this year, the truth is that it hasn’t. It might feel like March something, but I couldn’t help but notice that the calendar actually says May 22nd and that means something special to me. Pandemic and all, it’s Super Saving Tips’ Blogiversary #6!

It's hard to believe, but it's blogiversary #6 for Super Saving Tips! Here's a bit about what it's been and will be, and a big thank you to the readers!

Celebrating six years and beginning year number seven…can you believe it? I find it hard to believe myself. As I publish today, I have reached another milestone and that is post number 600 now totaling almost 1,000,000 words (mostly spelled correctly thanks to my wife and auto-correct…spelling was never my strong suit). How many words would a million fill up anyway? More than a book that’s for sure.

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Forecasts Call for No Social Security COLA for 2021

It may be a little early to think about the potential Social Security COLA (cost of living adjustment) changes for 2021, but the writing might just already be on the wall. The pandemic, which is wreaking havoc with every facet of our lives right now, is also now targeting next year’s potential adjustments in the COLA and Social Security payments. Not very good news, is it?

While forecasters predict there will be no Social Security COLA for 2021, there's more to know. Read on about deflation and what it means for the future.

With inflation likely to barely register this year, forecasters say that there will simply be no Social Security COLA for 2021. The COLA, which will be officially set in October 2020, would be zero, zilch, nada, nil. And that means no change in benefits next year for millions of Social Security beneficiaries. That is a blow that many just can’t take.

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