Updated: Aug 8
So we the reality do deal with. between the scary headlines of:
The economy contracted at a record rate last quarter and July setbacks for the jobs market added to signs of a slowing recovery as the country faces a summer surge in coronavirus infections.
The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—fell at a seasonally and inflation-adjusted 32.9% annual rate in the second quarter, or a 9.5% drop compared with the prior quarter. The figures were the steepest declines in more than 70 years of record-keeping.
The number of people receiving unemployment benefits increased by 867,000 to 17 million in the week ended July 18, ending a downward trend that started in mid-May.
“We’re expecting a longer and slower climb from the bottom, unfortunately, and here the virus will dictate the terms,” Beth Ann Bovino, U.S. chief economist at S&P Global Ratings, said.
As congressional leaders and White House officials negotiate many issues in the next relief package, lawmakers clashed over pursuing a slimmer bill extending enhanced federal unemployment insurance, set to expire today. Republicans said they were willing to discuss expanded food-stamp benefits. (REALLY???)
We must determine as Individuals, and families, what's really best for us. how am I going to survive in the next month or 6 months from today? what about our financial future?
We have to do our simple monthly budget plan and see exactly where we stand. Our Income and our expanses, NOW MORE THEN EVER! WE NEED TO UNDERSTAND WHERE WE CAN ADJUST, IF WE CAN. after all, "Nobody cares how much you know until they know how much you care”
- Theodore Roosevelt
Let's go to work together, to determine the best course of action. I did it for my family, and keeping on track, is showing the results. like anything else in life, Consistency is one of the key components to a successful voyage to your financial independence. well, at least from your debts. recurring debts.
figuring out the best course of action can be tricky, between the Interest savings calculations, So, I made it in a much easier way, to simplify the process.
By taking into consideration, you don't have to change your lifestyle, I can help you with your existing ratio of Income Vs. Expenses level, to reduce your debts drastically.
I will be there every step of the way.