My Retirement Planning Panic Attack

My Retirement Planning Panic Attack

  Like many within my peer group, I have often put retirement planning on the back burner of personal finance. Growing up, money was always tight. So immediate needs took precedence over long term goals. We were constantly budgeting and finding ways to stretch our monthly budget. As a college student, contributions towards a retirement … Read more

How to Build the Right Team for a Successful Business

It doesn’t take most new entrepreneurs too long before they realize that hiring someone might be in their best interest. After maybe the tenth consecutive 70-hour workweek all alone, the thought might occur that it’s time to delegate some of their responsibilities. Hiring outside help for the first time is a key moment in any … Read more

Money Moves to Make If You’re Facing Eviction

Evictions were already an issue in the United States prior to COVID-19. Many people sign onto leases that they are not able to pay for the long term. For instance, tenants could experience job loss and may be unable to earn the same salaries that they did in the past. A number of different issues could lead a person to be unable to pay their monthly rent and therefore cause an eviction.

However, the pandemic worsened the issues that already existed. In America, millions live paycheck-to-paycheck. And while renters might have once been able to just keep up with their rent payments, even a temporary layoff could result in an inability to make good on those monthly payments.

Initially, an eviction moratorium was put in place. This would prevent landlords from evicting tenants due to unpaid rent, understanding that the pandemic caused many people to go without jobs. While this was a temporary fix, it did not change the fact that people were without incomes and may not have the ability to find new jobs in a timely manner. Essentially, Americans were experiencing not only job loss but job shortages, which meant that they were not able to change their income status prior to the moratorium’s end.

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