How do we respond when money is tight or when we reach a point of financial crisis? This can bring feelings of anxiety and overwhelm to any person especially when it seems we don't have enough to cover the essentials. On this episode we hope to reduce the panic financial upheaval can bring and discuss some tangible ways to care for ourselves and our budgets when things aren't going 'according to plan'.

Sponsors: 
 An awesome mobile app jam packed with features that make managing your money easier. With a high-yield checking account offering 1.6% APY, and direct access to their financial coaches; Empower is an obvious choice in mobile apps! For more info about Empower, visit: empower.me/FRUGAL and use offer code FRUGAL to get a $5 bonus when you reach your savings goalEmpower:
 that feeling when you can barely make ends meet and you are wringing out that dollar for all it’s worth - sometimes our financial situation can feel like a tight squeeze; but our sponsor wants to remind us that this term can also refer to the best most warmest hug from our loved one. So when you’re looking at your budget wondering how you’re gonna pay your bills don’t think of it like a snake coiling around you causing anxiety and panic; think of it like a warm hug coming from your finances. Tight squeeze - when feeling constricted is a good thingTight Squeeze:

Notable Notes:

What the Internet has to say:

This article from Investopedia highlights a few simple ways we can prepare for a financial crisis

What Jen+Jill have to say:
1. Maximize liquid cash
2. Make a budget: know how much you have coming in/going out each month (helps ID how much you should have in emergency fund)
3. Prepare to Minimize Your Monthly Bills
5. Take stock of ‘non-cash’ assets and maximize value (i.e. utilize points, gift cards, extra food in house,
8. Look for ways to earn extra cash
10. Keep up with routine maintenance

More from the Internet:

This article from Very Well Mind gives tangible tips on ways to manage our stress and emotions during financially stressful times

More from Jen+Jill:
Remain calm
Ask for help- friends and family, financial planner
Reframe the situation - watch the internal narrative and find ways to shift perspective
Pushing through the difficulty and identifying ‘kindness’ to invest emotional time and energy into
Take a break - strike the middle ground between ruminating/obsessing and abdicating/avoiding
Ask for help- find a mental health professional, especially if your stress, overwhelm, or feelings of anxiety are inhibiting daily activities
Use this code for a discount for online therapy

Thank you Jess for saving us with your bill about ALL the Bill's who have contributed to making St. Pete Florida so great!BILL OF THE WEEK - 
If you want to submit your bill of the week visit frugalfriendspodcast.com/bill to leave us a bill

Lightning Round:

 What we’re doing to prepare
Jen- longer and simpler meal plans
Jill- NOT PANICKING!! cooking at home more
Jen- taking extra work
Jill- re-evaluating budget; spending only on essentials - now’s not the time for extra luxuries :)

Wrap-Up:

Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to frugalfri

How do we respond when money is tight or when we reach a point of financial crisis? This can bring feelings of anxiety and overwhelm to any person especially when it seems we don&apos;t have enough to cover the essentials. On this episode we hope to reduce the panic financial upheaval can bring and discuss some tangible ways to care for ourselves and our budgets when things aren&apos;t going &apos;according to plan&apos;.Sponsors: <ul><li> An awesome mobile app jam packed with features that make managing your money easier. With a high-yield checking account offering 1.6% APY, and direct access to their financial coaches; Empower is an obvious choice in mobile apps! For more info about Empower, visit: <a href='http://www.empower.me/FRUGAL'>empower.me/FRUGAL</a> and use offer code FRUGAL to get a $5 bonus when you reach your savings goalEmpower:</li><li> that feeling when you can barely make ends meet and you are wringing out that dollar for all it’s worth - sometimes our financial situation can feel like a tight squeeze; but our sponsor wants to remind us that this term can also refer to the best most warmest hug from our loved one. So when you’re looking at your budget wondering how you’re gonna pay your bills don’t think of it like a snake coiling around you causing anxiety and panic; think of it like a warm hug coming from your finances. Tight squeeze - when feeling constricted is a good thingTight Squeeze:</li></ul>Notable Notes:What the Internet has to say:This article from <a href='https://www.investopedia.com/articles/pf/11/prepare-for-a-financial-crisis.asp'>Investopedia</a> highlights a few simple ways we can prepare for a financial crisisWhat Jen+Jill have to say:<ul><li>1. Maximize liquid cash</li><li>2. Make a budget: know how much you have coming in/going out each month (helps ID how much you should have in emergency fund)</li><li>3. Prepare to Minimize Your Monthly Bills</li><li>5. Take stock of ‘non-cash’ assets and maximize value (i.e. utilize points, gift cards, extra food in house,</li><li>8. Look for ways to earn extra cash</li><li>10. Keep up with routine maintenance</li></ul>More from the Internet:This article from <a href='https://www.verywellmind.com/how-to-handle-the-stress-of-a-financial-crisis-3144545'>Very Well </a>Mind gives tangible tips on ways to manage our stress and emotions during financially stressful timesMore from Jen+Jill:<ul><li>Remain calm</li><li>Ask for help- friends and family, financial planner</li><li>Reframe the situation - watch the internal narrative and find ways to shift perspective</li><li>Pushing through the difficulty and identifying ‘kindness’ to invest emotional time and energy into</li><li>Take a break - strike the middle ground between ruminating/obsessing and abdicating/avoiding</li><li>Ask for help- find a mental health professional, especially if your stress, overwhelm, or feelings of anxiety are inhibiting daily activities<ul><li>Use <a href='http://www.frugalfriendspodcast.com/talkspace'>this code</a> for a discount for online therapy</li></ul></li></ul>Thank you Jess for saving us with your bill about ALL the Bill&apos;s who have contributed to making St. Pete Florida so great!BILL OF THE WEEK - <ul><li>If you want to submit your bill of the week visit <a href='http://www.frugalfriendspodcast.com/bill '>frugalfriendspodcast.com/bill </a>to leave us a bill</li></ul>Lightning Round: What we’re doing to prepare<ul><li>Jen- longer and simpler meal plans</li><li>Jill- NOT PANICKING!! cooking at home more</li><li>Jen- taking extra work</li><li>Jill- re-evaluating budget; spending only on essentials - now’s not the time for extra luxuries :)</li></ul>Wrap-Up:Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to <a href='mailto:frugalfriendspodcast@gmail.com'>frugalfri</a>

Controlling your spending is hard to do. On every episode of Frugal Friends, we'll try to help you gain a little more control on one aspect of the countless directions your money is being pulled toward through frugality and a few laughs. If you're trying to save money, spend less, adopt minimalism, pay off debt or reach financial independence, we think you'll like the show.

Frugal Friends Podcast

Financial Tips When Money Is Tight

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3ffcb80a-625d-4544-bab3-ae89012042d5/transcript

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