Short on cash? Behavioral expert recommends trying these 3 budgeting tips during the coronavirus pandemic.
Instead of building a monthly budget based on the cash you have coming in — whether you're getting a regular paycheck, collectingor some other form of government benefits — think more about your money on a per-spend basis, Beasley says.
"So, instead of budgeting $200 for groceries for the month, decide how many times you'll go to the supermarket during the month and then adhere to a per trip budget ," Beasley says. "This helps us stretch that budget category longer betweenIt's easier to cope with the worsening financial circumstances by planning ahead. Instead of waiting for the worst to happen, act now to soften the impact the pandemic is having on your finances.
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