It's one thing to learn how to better manage your money, it's another to manage your money during a recession, and yet another to manage your money during a recession and a pandemic, where everything and everyone is on lock down and resources are limited.
Financial expert, Jennifer Streaks, shares some money tips that we all should be taking in order to stay afloat during these unprecedented times.
1.File Your Taxes
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Go ahead and get it out of the way! This will make it easier to get your stimulus check, if you qualify. This will especially come in handy for those who have been laid off due to COVID-19. Although there has been an extension to file taxes until July 15, you should still do your best to get it in early to avoid delays.
2.Get An Extension On Payment Deadlines
Call your creditors and ask for forbearance on your payments. The entire world is on pause right now, and most businesses are being lenient towards their customers when it comes to funds that are owed.
3.Focus On Essentials Only
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This is not the time to stock up on unnecessary items. Right now, pay attention to what you need the most; food and in some cases, medication. In case of a complete lockdown (including grocery stores), you want to be sure that you are stocked with a lot of canned goods and whatever medication is needed to hold over for an extended period of time.
4.Track Expenses
Take the time, sit down and see where your money is going. There are many people that are seeing how much they spend on Uber, dry cleaning, Starbucks etc., and realizing how much money is wasted. Take a look at any subscription services that you don't need that can be put on hold for now. These payments can be resumed when normal life is back on track.
5.Seek Financial Assistance
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If you have not already, file for unemployment. Yes, the task is daunting because many states are overwhelmed, but do it so those funds can start coming in. You also want to be mindful of the fact that many people are applying at this time, so the sooner you get in, the sooner you can get access to funds to sustain you. If you don't qualify for unemployment, there may be new government-funded financial assistance programs specifically for those who are impacted by COVID-19.
6.Use Your Emergency Fund
If you need to dip into savings, go ahead and do so. This is what savings are for! The best use of your savings right now is to try to get at least two weeks worth of groceries at a time, and whatever extra essential supplies are needed.
7.Create A Pandemic Budget
ShutterstockPlan out a budget specifically for this pandemic. Money management is extremely important right now, and whatever money you already have, needs to last.
Jennifer Streaks is a financial securities expert, journalist and author. She has been an on-air commentator for years (MSNBC, Fox Business) and is a columnist/reporter having written for The Huffington Post, Motley Fool and Black Enterprise, as well as been a contributor for CNBC. Featured on national news outlets, Jennifer published her highly lauded book Thrive!...Affordably available on Amazon.com.
Featured image by Shutterstock
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I don’t remember how I ran across it, but I began researching laser lipo, and before I knew it, I had booked my first appointment of many. I entered the medispa and was taken to a room and told to lie down. Then, I had lasers placed on top of my stomach for about 30 minutes, and I was done. While it sounds simple, it can take multiple sessions to get the desired look you want. That was a couple of years ago. However, I decided to try it again. This time with a different practitioner and a few add-ons, including wood therapy, cavitation, skin tightening, and vacuum therapy. Let’s dig deeper.
What Is Laser Lipo?
Laser lipo is a non-invasive procedure that penetrates through the skin and shrinks the fat. Not only is it simpler than regular lipo, but it’s also less expensive. Tammy Bell of Sculpted By Bella Beauty Bar, where she offers these noninvasive services, tells us why more people are turning to laser lipo.
“It’s noninvasive. You don’t have no downtime at all, unlike lipo and the different surgeries you have downtime with that,” she says. “You get results. It’s a little slower than regular lipo, but you get results that you want.” Because everyone’s body is different, the results may vary. However, Tammy says it’s also based on lifestyle habits such as what you’re eating and how active you are.
Laser lipo is just one of the many noninvasive services to choose from. See more below.
Wood Therapy
Microgen Images/ Science Photo Library/ Getty Images
If you follow Tracee Ellis Ross on Instagram or TikTok, then you probably saw the video of her using wooden tools to sculpt her body. This method is called wood therapy, and let me tell you, it’s not for the faint of heart. In my experience, it’s a weird sensation and a little painful. However, they say beauty is pain.
Tammy breaks down what wood therapy is. “It actually breaks up the fat, and it contours your body. It moves the fat through your lymphatic system,” she explains.
Skin Tightening
Another treatment is skin tightening. As we get older, our skin loses elasticity, and this service targets sagging skin for a tighter appearance. “The heat actually helps tighten the skin,” Tammy says about the skin-tightening tool that is used during the service. “It helps build collagen for your skin to tighten.”
Cavitation
Cavitation liquifies the fat, and it’s the only service out of this list that can’t be done on your face. “With the cavitation and all that stuff, if you notice, I always come in, and then I go down because you have your lymph nodes for your lymphatic system for it to drain,” she says, explaining the technique she does when using the tools on the body.
“That’s why it’s important for you to drink a lot of water ‘cause you (the fat) have to either come out in your sweat or your urine.”
Vacuum Therapy
Vacuum therapy involves suction cups that lift the skin. While I’ve only used it on my stomach, Healthline reports that many people are using it to get a butt lift. “Vacuum therapy moves the fat, and if you want to get a butt lift, you push the fat up,” Tammy says.
Costs
Costs vary per service and per practitioner. However, I spent around $400 and got all the aforementioned services done within five appointments.
Results
Body sculpting results
Photo courtesy of London Alexaundria
My target areas were my back, stomach, and arms, and I am satisfied with the results I received in such a short amount of time. You can get these services done separately and get good results, but I decided to try them all together as a part of a package. Just like they will tell you after getting regular lipo, for lasting results, you must make sure to keep a healthy lifestyle.
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