Episode 142: Strategies to Manage Your Money and Reduce Financial Anxiety During This Crisis + Tips on How to Save, Budget, and Plan for a Recession and a Layoff with Chris Hogan

Handling your finances can be challenging at the best of times, but what happens when you are in the midst of a pandemic? How do you keep your money safe when the world around you is in a state of flux? In this podcast, I speak with financial expert Chris Hogan on strategies to manage your finances and reduce money anxieties during this crisis, as well as helpful tips on how to save, budget, and plan for a recession or a layoff.   Podcast Time Highlights -2:05 Is the economy being quarantined? -2:32 The stock market is a living thing -3:26 How to control the controllables -4:08 Are the banks safe? -5:06 401Ks and the investment rollercoaster -6:18 Why you shouldn’t have all your eggs in one basket -6:41 What can we do if there is a recession? -7:58 Why is everyone talking about interest rates? -8:57 Is there any hope for small business owners? -12:00 Debt is always a threat -15:12 How can I support small business owners? -16:14 What can you do if you have been laid off? -19:57 How do you deal with market volatility? -23:22 Should you refinance your mortgage? -25:18 Who can you trust when it comes to financial advice?   Read the episode transcript and blog: https://drleaf.com/blogs/news/strategies-to-manage-your-money-and-reduce-financial-anxiety-during-this-crisis-tips-on-how-to-save-budget-and-plan-for-a-recession-and-a-layoff   For more info on Chris visit: https://www.chrishogan360.com Additional reading: https://www.daveramsey.com/blog/how-an-epidemic-can-affect-the-economy     Additional resources: Get my new 21 day brain detox program here: https://theswitch.app Register now for my 2020 Mental Health Summit Dec 3-5 in Dallas, TX! Early bird sale ends 3/31: https://www.drleafconference.com With all the stress, anxiety, social distancing and isolation stemming from the coronavirus, the need to connect with each other is more critical than ever. Join our dedicated Facebook group to stay connected with others and share your challenges and best tips for dealing with our new normal: https://www.facebook.com/groups/1870578619744226/?ref=share   WHO website: https://www.who.int/emergencies/diseases/novel-coronavirus-2019/events-as-they-happen CDC website: https://www.cdc.gov/coronavirus/2019-ncov/prepare/cleaning-disinfection.html?CDC_AA_refVal=https%3A%2F%2Fwww.cdc.gov%2Fcoronavirus%2F2019-ncov%2Fcommunity%2Fhome%2Fcleaning-disinfection.html   Visit my website at https://drleaf.com for more free resources, tips, and tools to help you improve and heal your mental health! And be sure to sign up for my weekly newsletter to get even more mental self-care tips delivered to your inbox weekly and to see my upcoming events (you can sign up at drleaf.com!)   Follow me on social media for daily mental self-care tips and strategies! -Instagram: @drcarolineleaf: https://www.instagram.com/drcarolineleaf/ -Facebook: Dr. Caroline Leaf: https://www.facebook.com/drleaf -Twitter: @drcarolineleaf: https://twitter.com/DrCarolineLeaf -Youtube: https://www.youtube.com/drcarolineleaf   If you enjoyed this episode please leave a 5 review on iTunes, Google Play, or wherever you are listening! And don't forget to subscribe and share this podcast with friends and family! I love seeing your posts on social media! For podcast sponsorship inquiries, questions regarding the episode, or topic suggestions please email dominique@drleaf.com

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