Stay Afloat Until 2024 – Financial Assistance
Many experts have suggested that most people will not fully financially recover from the effects of the coronavirus pandemic until the year 2024. What does that mean for you? Simply put, that means you need to find a way to not go broke between now and then. Stay afloat until 2024 (Financial Assistance). How? Let’s explore some options.
Buy In Bulk
One of the smartest ways to save money on groceries in the long run is to buy in bulk. Many people are put off by the upfront cost of the memberships to the warehouse stores and the initial total at the checkout. However, if you really look at it, you’re going to be saving money in the end. Sure, the initial cost may be a little higher than you would like, but purchasing in bulk allows you to make things last much longer than they would if you were doing a weekly run to the store.
Oftentimes, you’re shopping during the week and then have to turn around and go right back the next week. This leads to you paying more for groceries overall and more in sales taxes for multiple purchases. Buying in bulk allows you to make a trip once a month and squirrel away nonperishables for future use.
Shop In Store
We’ve all grown to rely on services such as Instacart to bring us what we want directly to our front door. It’s no secret that these services tack on extra fees to accommodate for convenience. It’s best to go into the grocery store and do your shopping.
If you absolutely must use Instacart delivery or pickup services, there is a way to save yourself some cash. At the time of publishing, there’s still a loophole on the Instacart site which allows customers to purchase from the warehouse superstore Costco, even if you aren’t a member of the club. With this, you can order in bulk and have it delivered no problem.
Instacart also offers an Instacart Express membership, which is great if you use the service often. It waives the service and pick-up/delivery fees and gives you a percentage of cash back from your purchase. Cash back is then credited to your account for use on future orders.
Seek Out Help
Sometimes we all need a little extra help. During the summer, a lot of schools offer food programs where parents can pick up meals for their child. Some churches offer similar programs where you can pick up a box of food at certain times of the month or visit their food pantry. Don’t be ashamed to ask for help if you need it. These programs are made to be used, so use them!
The bottom line is, you want to be careful about how you’re spending. Don’t make frivolous purchases and only buy what you truly need. Being careful with your money now will keep you afloat. After you’ve taken care of your needs, plan for the future and invest the rest. Investing what’s leftover will ensure you have something to fall back on at a later time.
To learn more about investing, closing the racial wealth gap, and growing generational wealth for Black and brown families, please visit Financial Joy School and become a part of our financial family.