This is tough for me but I decided to hoard cash and only pay the minimum on my debt. Though I think/feel like my job is stable, with this pandemic, things can change over night.
I reached out to our controller, after reading an article that the loans for small businesses had reached its cap. He was always adamant that there is a possibility that the organization wouldn’t get it, as with I, but just to read about it, it did something to me. Our organization’s loan application and backup documents are in, at this time we are just waiting.
Then a friend of mine, who has a small business, was in the middle of underwriting when he received an email, his loan was denied due to depleted Paycheck Protection funds. He actually shared the email. This is so heartbreaking, as well as my validation to save more aggressively now.
Honestly I’m nervous about food. I went on Walmart Sunday, and the shelves were empty, no eggs, milk, orange juice, nothing.
I know we’re told not to hoard things, but I’m heading into the grocery store today to get a few perishable items, and water. We’re heading into hurricane season, and if we have an active season, with this pandemic, only God knows what will happen.
For the most part I feel good but I can’t help but be nervous.
April 17th, 2020 at 11:03 am