It was about a year ago when we first asked how Covid-19 was impacting your financial life.
One year later and we’ve all been through A LOT. I’m especially thinking of the millions of people who lost loved ones to Covid-19.
This pandemic has tested our economy, politics, and family lives. Millions of households experienced untold stress and catastrophic income loss.
But finally, we can see light at the end of the pandemic tunnel. People are looking forward to rebuilding their finances as the economy reopens.
Indeed, millions of people will actually reenter society with increased savings and somewhat lower debt. That’s mostly because people stayed home, didn’t travel, and took a cautious approach to their spending and saving.
But those pragmatic days may soon end. With all this cash on hand, a strong stock market, low-interest rates, government stimulus, and tremendous pent-up demand to travel, dine out, and shop, there’s lots of talk of a new roaring ’20s (or at least a few roaring ’20s).
How are you thinking about your finances as the pandemic winds down?
Without getting too personal or asking specifics, we were wondering how the Tiller Money Community is planning for post-pandemic financial life. What did you learn over the past year? Are you going to stick to your pandemic budget, are you going to fortify your savings, or do you plan to splurge on spending?
Share your thoughts with a quick poll here in the Tiller Money Community. There’s nothing scientific about this poll – it’s simply a reference to discuss and consider.
And here’s to brighter days ahead!