Hand With Three Extended Fingers

3 Takeaways: Financial Strategies for Creatives

1. Take advantage of available assistance, including unemployment benefits, HealthCare.gov special enrollment (which may be less expensive than COBRA), mortgage relief, emergency grants and loans

2. Spend some time analyzing your finances, so you can budget effectively and identify your priorities. Track expenses (using pen and paper, a spreadsheet or an app such as Mint or YNAB). For business expenses, consider using Wave Accounting; it’s free. Try to set aside some money; small amounts add up.

3. Be intentional. Talk to creditors and renegotiate with your landlord, car insurance carrier, cable and internet provider and credit card company. Get agreements in writing. Don’t fall prey to pandemic-related scams, like robocalls, herbal remedies, and text messages that ask for personal information.

Personal Finance Resources, University of Missouri Extension

Surviving Debt, published by the Consumer Law Center. The digital edition is free during the pandemic.

Khan Academy (free) and Coursera (free to audit) offer excellent personal finances courses

Coping with COVID-19: Financial Strategies for Creatives, part of our Business Edge professional development series, was presented via Zoom on June 2, 2020. Thanks to our speakers Graham McCaulley, Andrew Zumwalt, and Marco Pantoja, University of Missouri Extension