Ben Coakley & Joe Cassleman deliver a great episode of the Income Outcomes Podcast about the Coronavirus and your finances. 

There are two sides to budgeting: what you spend and what you earn. If your income has already taken a hit because of the coronavirus, you simply can’t continue to budget your money the same way.

The first step in budgeting amid coronavirus concerns is figuring out what your new baseline for income is if your hours have been cut or a job loss or layoff has affected your household. This can give you an idea of how deeply you’ll need to cut your budget. 

For example, if you’ve experienced a 50% pay cut, then that may correspond to cutting 50% or more of your regular spending. This assumes that you’re spending the same amount you’re earning (or less) each month and not creating debt. If you were living above your means pre-COVID-19, then you may need to make even deeper cuts to get your budget to work. 

On the income side of your budget equation, be sure to include the expanded unemployment benefits to which you may be entitled under the federal stimulus package. To supplement state unemployment benefits, individuals will receive an additional $600 per week for up to four months, and the eligibility period has been extended from the usual 26 weeks to a total of 39 weeks. In a major change, self-employed and freelance individuals who work as independent contractors are eligible for unemployment benefits under the stimulus package.

Next, look at what you have in savings that you might be able to tap into. Ideally, you have an emergency fund that can cover three to six months’ worth of expenses in place. But if you don’t, don’t panic.

Add up what you do have to see how you could use that to supplement your income. No amount of money is too big or too small. Even if you only have $500 or $1,000 in savings, that’s money you could use to help you cover your expenses until your income picks back up. 

Sponsored by UltiGuard Safe Pack 

https://www.ulticare.com/ultiguard-safe-pack/podcast  

Ben Coakley &amp; Joe Cassleman deliver a great episode of the Income Outcomes Podcast about the Coronavirus and your finances. 
There are two sides to budgeting: what you spend and what you earn. If your income has already taken a hit because of the coronavirus, you simply can&rsquo;t continue to budget your money the same way.
The first step in budgeting amid coronavirus concerns is figuring out what your new baseline for income is if your hours have been cut or a job loss or layoff has affected your household. This can give you an idea of how deeply you&rsquo;ll need to cut your budget.&nbsp;
For example, if you&rsquo;ve experienced a 50% pay cut, then that may correspond to cutting 50% or more of your regular spending. This assumes that you&rsquo;re spending the same amount you&rsquo;re earning (or less) each month and not creating debt. If you were living above your means pre-COVID-19, then you may need to make even deeper cuts to get your budget to work.&nbsp;
On the income side of your budget equation, be sure to include the&nbsp;<a href="https://www.forbes.com/sites/advisor/2020/03/25/what-you-need-to-know-about-expanded-unemployment-benefits-for-covid-19/" data-ga-track="InternalLink:https://www.forbes.com/sites/advisor/2020/03/25/what-you-need-to-know-about-expanded-unemployment-benefits-for-covid-19/" aria-label="expanded unemployment benefits">expanded unemployment benefits</a>&nbsp;to which you may be entitled under the federal stimulus package. To supplement state unemployment benefits, individuals will receive an additional $600 per week for up to four months, and the eligibility period has been extended from the usual 26 weeks to a total of 39 weeks. In a major change, self-employed and freelance individuals who work as independent contractors are eligible for unemployment benefits under the stimulus package.
Next, look at what you have in savings that you might be able to tap into. Ideally, you have&nbsp;<a href="https://www.forbes.com/advisor/personal-finance/how-to-create-an-emergency-fund/" data-ga-track="InternalLink:https://www.forbes.com/advisor/personal-finance/how-to-create-an-emergency-fund/" aria-label="an emergency fund">an emergency fund</a>&nbsp;that can cover three to six months&rsquo;&nbsp;worth of expenses in place. But if you don&rsquo;t, don&rsquo;t panic.
Add up what you do have to see how you could use that to supplement your income. No amount of money is too big or too small. Even if you only have $500 or $1,000 in savings, that&rsquo;s money you could use to help you cover your expenses until your income picks back up.&nbsp;
Sponsored by UltiGuard Safe Pack&nbsp;
<a href="https://www.ulticare.com/ultiguard-safe-pack/podcast">https://www.ulticare.com/ultiguard-safe-pack/podcast&nbsp;</a>&nbsp;

In March of 2009, Todd S. Eury, launched the Pharmacy Podcast Show. Over the years, the Pharmacy Podcast has accumulated over 75,000+ listeners and subscribers and is the most popular and downloaded podcast about the Pharmacy Industry.

The Pharmacy Podcast Show transformed into the Pharmacy Podcast Network (PPN) in 2014 and will continue to collect the thought leading interviews with some of the most brilliant minds in Pharmacy with over 30 co-hosts. The PPN is a Digital Health Publication and Content Developing partner to the Pharmaceutical industry focusing on Specialty medications, pharmacy business supportive technologies, and industry trends.

The PPN is the world's largest network of podcasts dedicated to the pharmacy professional and industry insiders leading with our hosts interviewing dynamic people in the pharmacy industry making a difference for our profession, customers, and patients.

The definition of “Innovation” is: A new method, idea, product, or process. Processing, implementing, operating, or designing beyond the status-quo. Pharmacists are the HUB of Healthcare & the PPN is the Pharmacist's biggest fan. 

In March of 2009, Todd S. Eury, launched the Pharmacy Podcast Show. Over the years, the Pharmacy Podcast has accumulated over 75,000+ listeners and subscribers and is the most popular and downloaded podcast about the Pharmacy Industry.
The Pharmacy Podcast Show transformed into the Pharmacy Podcast Network (PPN) in 2014 and will continue to collect the thought leading interviews with some of the most brilliant minds in Pharmacy with over 30 co-hosts. The PPN is a Digital Health Publication and Content Developing partner to the Pharmaceutical industry focusing on Specialty medications, pharmacy business supportive technologies, and industry trends.
The PPN is the world's largest network of podcasts dedicated to the pharmacy professional and industry insiders leading with our hosts interviewing dynamic people in the pharmacy industry making a difference for our profession, customers, and patients.
The definition of &ldquo;Innovation&rdquo; is: A new method, idea, product, or process. Processing, implementing, operating, or designing beyond the status-quo. Pharmacists are the HUB of Healthcare &amp; the PPN is the Pharmacist's biggest fan.&nbsp;

Pharmacy Podcast Network

The Pharmacy Podcast Network is ranked as the number one podcast in healthcare dedicated to the Business of Pharmacy and TOP 25 Podcasts in U.S. Business News. The most influential voices in the pharmacy industry are published on the Pharmacy Podcast Network (PPN). The PPN is the leading audio authority of the pharmaceutical & pharmacy industry with more than 30 hosts, 1,200+ episodes, supporting more than 25+ pharmacy industry associations, with more than 80,000 listeners world wide. 

The PPN is an Audio Branding & Public Relations Communications company dedicated to the Pharmaceutical industry focusing on Community, Long-term care, Health System, Specialty, pharmacy business supportive technologies, and industry trends. 

Pharmacy Podcast™ is a registered trademark

The Pharmacy Podcast Network is ranked as the number one podcast in healthcare dedicated to the Business of Pharmacy and TOP 25 Podcasts in U.S. Business News. The most influential voices in the pharmacy industry are published on the Pharmacy Podcast Network (PPN). The PPN is the leading audio authority of the pharmaceutical &amp; pharmacy industry with more than 30 hosts, 1,200+ episodes, supporting more than 25+ pharmacy industry associations, with more than 80,000 listeners world wide.&nbsp;
The PPN is an Audio Branding &amp; Public Relations Communications company dedicated to the Pharmaceutical industry focusing on Community, Long-term care, Health System, Specialty, pharmacy business supportive technologies, and industry trends.&nbsp;
Pharmacy Podcast&trade; is a registered trademark

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