• About
  • Mortgage Basics
  • $40K Challenge
  • Aunt Doris
  • Grandfather Says
  • Privacy
  • Archives

Len Penzo dot Com

The offbeat personal finance blog for responsible people.

5 Great Tips for Saving Money During the COVID-19 Pandemic

By Corazon Gritar

covid-19 virusWhether you’re out of work and struggling to pay rent or you’re able to still work full-time from home, the coronavirus has certainly affected us all. Hopefully things will return to normal soon — but it could be while.

In the meantime, it’s imperative that you’re doing everything you can to keep your finances in order and save money.

Here are some great tips for saving a few bucks during the COVID-19 pandemic:

  • Cancel as much as you can. Whether you’re out of work or not, you might as well take some time to think about all the subscriptions and memberships that you’re paying for. Though they might only be a few bucks here and there, those expenses add up. You need to save money during this quarantine, not spend money on unnecessary magazine subscriptions, gym memberships, and other unnecessary items.
  • Call your insurance and cell phone providers. It’s a great idea to shop around for insurance and cell phone providers every year — especially during a global pandemic. If you’re spending way too much on monthly cell phone bills or auto insurance, try and see if there are better deals out there. You’ll likely be able to find something much better or at least bring your current prices down after threatening to switch providers.
  • Install sustainable thermostats. Sustainable regulators like ecobee thermostats can actually pay for themselves in under two years by keeping energy use low when you’re not home.
  • Start cooking for yourself. If you don’t know what you’re doing in a kitchen, now is the perfect time to learn! Not only is cooking fun and much easier than it looks, but it can also help you save a ton of money. Ordering out every night can cost a fortune. Instead, start buying some stuff to cook with and start meal prepping each week. You’ll probably end up eating much healthier and you’ll certainly save some cash each week.
  • Reach out to your landlord or lender. If you’re in serious financial trouble and are worried about paying rent this month or next month, reach out and see if they can help. They might not be able to do anything for you — but it’s worth trying. There are plenty of landlords across the country that are delaying rent or waiving it entirely. You might be able to arrange a payment plan, as well.

Everyone should be pinching their pennies right now, no matter their financial situation. There is so much uncertainty in the world right now so make sure you’re doing all you can to save money. If you’re smart with your cash now, you’ll be in good standing once the world returns to normal.

Photo Credit: kanijoman

2 Comments May 1, 2020

Comments

  1. 1

    Oscar says

    You misspelled “plandemic”.

    Reply
    • 2

      Len Penzo says

      LOL! 🤣 You’re right.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Polls

Have you filed your taxes yet?

View Results

Loading ... Loading ...

Recent Posts

  • Black Coffee: Stuck in a Tangled Financial Web
  • A Few Thoughts from Aunt Doris: How to Make Ends Meet
  • Grandfather Says: Happiness and Living in the Right Mold
  • How to Get a Good Job Without a College Degree
  • Clever Ways to Save Money On Your Next Car
  • 18 Fun Facts About Money That You Probably Didn’t Know
  • Black Coffee: More Pie In the Sky
  • How to Get Fast Approval on Installment Loans
  • Should You Consider A Pre-Settlement Loan In a Personal Injury Case?
  • What Barfing Out of a Bus Window Teaches Us About Managing Money

Disclaimer

This site is for informational and entertainment purposes only, and the content herein should not be mistaken for professional financial advice. In fact, making investment decisions based on information published here, or any other website for that matter, is more than unwise; it is folly. This website accepts advertising in the form of monetary and other compensation; as such, topics of discussion are occasionally influenced by these advertisers. Sometimes, an article may also include affiliate links, meaning, at no additional cost to you, this blog earns a commission if you click through and make a purchase (for example, as an Amazon Associate I earn from qualifying purchases). Remember, you and you alone are responsible for the decisions you make in life, so please contact an independent financial professional for advice regarding your unique personal situation.

Sign up for the weekly Len Penzo dot Com newsletter
Len Penzo dot Com Delivered Weekly
Join more than 30,000 readers and fans who enjoy personal finance and macroeconomics with an offbeat twist!
Invalid email address
Thanks for subscribing!

Popular Now:

  1. 1. 25 Examples of Shrinkflation That No Longer Fool Consumers
  2. 2. The 10 Worst Things I Ever Bought
  3. 3. 7 Perplexing Money Questions Without a Good Answer
  4. 4. My Cola Taste Test: Is Coke Really Better Than Pepsi?
  5. 5. The Real Secret to Becoming Rich as a King
  6. 6. Planning a Wedding? Here Are 9 Ways to Ensure You’ll Pay Too Much
  7. 7. Economic Collapse 101: How to Prepare for Water Supply Disruptions
  8. 8. A Simple Test to Know If It’s Better to Rent or Buy a Home
  9. 9. The Big Secret the Banking Industry Doesn’t Want You to Know
  10. 10. 4 Good Reasons Why Some Quarters Are Painted Red

All-Time Most Popular:

  1. 1. 19 Things Your Suburban Millionaire Neighbor Won’t Tell You
  2. 2. Dear Friend: Here Are 41 Reasons Why I’m NOT Lending You the Money
  3. 3. Why Your Expensive Luxury Car Doesn’t Impress Smart People
  4. 4. If You Can’t Live on $40,000 Annually It’s Your Own Fault
  5. 5. 21 Reasons Why Corner Lots Are for Suckers
  6. 6. 4 Smart Reasons Why College Isn’t for Everyone
  7. 7. 18 Fast Facts About Social Security Numbers
  8. 8. My Ketchup Taste Test: Upset! Guess Which Brand Topped Heinz
  9. 9. Why I Prefer a Spreadsheet to Track Expenses and Manage My Finances
  10. 10. Here’s a Simple Trick for Getting Credit Card Interest Charges Waived

Copyright © 2021 Len Penzo dot Com · All Rights Reserved · Designed by Nuts and Bolts Media

© Len Penzo dot Com 2008–2021