Money expert Ja’Net Adams reminds us of the importance of staying awake and saving money.
GREENSBORO, NC – Although Governor Roy Cooper eased the COVID-19 restrictions In North Carolina and companies that can bring in more customers and revenue, it’s not time to let down on your finances.
Money expert Ja’Net Adams said it is important to know that we are not out in the woods yet.
Although great progress has been made in our economy, we have also seen the stock market fall. It has also been shaken with companies.
Fry’s Electronics closed all its stores in nine states, Best Buy lays off 5,000 people and Victoria’s Secret closes another 50 stores.
Adams says you should continue to save money so you are not in a bind if there is an unexpected termination.
Any extra money you come across each month should be put away for a rainy day.
The goal is to save six to twelve months of expenses.
You can also be prepared by becoming more valuable at work. It means finding new skills and growing your network.
“The day will come when this virus will be under control and the economy will be on track. Now is the time to prepare for that day,” Adams said.
Many look forward to the day when it is safe to travel again. You can get started planning now by saving money. Adams said now is the time to prepare by starting a savings account just for traveling.
“This is not the time to wake up your guard. Keep an eye on what’s going on and start preparing for more of what you want,” Adams said.