How To Get Your Finances In Order When They are Cut Short

We have all been living in an incredibly strange situation these last four months because of COVID-19. We were locked down; then we weren’t, now maybe we are again. Many of us were laid off from work for a while, and some haven’t gone back yet. This situation has put a strain on finances for many of us but thankfully online calculators can help!

Many of us are told to keep some savings, but none of us were expecting months with no work and, for some, zero unemployment coming in (did you have a huge delay in your unemployment?). If you are still trying to figure out how to get your finances in order when they are cut short, don’t stress. You can do it!

Try to Relax

Okay, I know that sounds ridiculous during a time of high stress, but all we can do is take things one day at a time.

We are all going through these trying times together. We can do it!

Take Advantage of Benefits Offered

If you are off of work, get in and sign up for unemployment. If you need food, head to the food bank!

These programs exist for a reason, and no one should feel ashamed of using them in times of need.

Realize What is Truly Important

Yes, your finances are important. Yes, your credit is important.

Most of all, though, your health and the health of your loved ones are paramount, and that is where your focus should be first and foremost.

Use Online Calculators

Have you ever checked the various online calculators out there? They are a fantastic tool for working on your finances, paying off debt, planning for your future, and more!

I have found that they are especially great in these unprecedented times. They are a tremendous help to those of us who are still trying to wade through finances while keeping things in order.

If you want to see just how much online calculators can help you, check out Pigly and some of the best investment calculators on the net and play around for a bit.

Pigly has the following calculators for you to use:

SAVINGS ONLINE CALCULATOR

This calculator will help you estimate how much interest can be earned by adding to your savings. It can calculate a single deposit, a recurring deposit, or a mixture of the two.

CD

The CD calculator will help you to figure out the future values of your certificate of deposits.

EDUCATION

Are you worried about school expenses for your kids?

The Education calculator will help you figure out how much you need to set aside for your kids’ education.

HOME

Are you dreaming of owning a home?

This Home calculator will help you estimate what your payment will be on a mortgage and help you decide if you should be more conservative in your purchase.

This calculator also includes a printable amortization table so you can easily view what your future payments will do toward your goal of paying off your mortgage.

VEHICLE ONLINE CALCULATOR

Are you considering financing a vehicle? If you said yes, you need to check out this Vehicle calculator to estimate what the monthly payments on a vehicle loan would be.

This calculator gives you the ability to add in trade-ins and rebates and even gives you the option to include your current budget as well as your savings so that you can see if you can afford the new payment.

RETIREMENT

I know that during these times, it is even more stressful to think about retirement. This online calculator will help you understand how much you need to save each month to reach your retirement goals.

LOANS

I know that many people are currently considering getting loans to refinance their mortgage, consolidate bills, etc. This calculator will help you to estimate the monthly payments on such a loan to help you determine whether or not it is a smart choice.

DEBT ONLINE CALCULATOR

If you are trying to pay off debt and wondering how long it will take, you can use this calculator. It will help you to figure out when it will be paid off as well as how much you will be paying on interest throughout the life of the loan.

CREDIT CARD

If you are being tempted with new credit card offers, be sure to look into them to make sure you make the right decision when signing on the dotted line. This calculator will help you estimate the costs associated with multiple credit cards.

No matter the financial situation you are dealing with, these calculators should help you figure out where to go from here. Stay safe!