243 Making Sense of Money During the Pandemic - Lauren Silbert, VP, General Manager of The Balance

We're here! This is it! We've arrived at episode 243, the last interview episode of Season 10 of the Mo' Money Podcast...and my 5-year anniversary of starting this podcast! It is actually insane that I started this show half a decade ago, have interviewed hundreds of guests, and am still going.

I do want to acknowledge that things have been very difficult in the world right now. I have a solo podcast episode that I will drop tomorrow to talk more about it, but if you follow me on Twitter or Instagram, then you already know my stance and my feelings about everything. It's been a trying week trying to focus on anything, but I think what's going on right now is so important for us to progress as a society.

But, that's not what this episode is about. For this last interview of the season, I have the amazing Lauren Silbert, VP, General Manager of The Balance (one of my favourite personal finance resources). I recorded this episode a month ago at the beginning of May, and we discussed how to make sense of money (and manage it the best way possible) during this pandemic.

I just learned that in Ontario (where I live), our State of Emergency status has been extended until June 30, so we are still in the thick of it. I have no idea what the rest of the year will look like, but if there's one thing I do know, it's what to do with your money during uncertain times. This is the time to preserve your capital, save up that emergency fund I always talk about, and avoid making any emotional decisions with your money.

Moreover, this is the time to start taking your finances seriously. I know it can feel overwhelming and stressful, but during chaos is the best time to try to create some stability in your financial life. So even though I'll be going on summer hiatus for the show (I'm sure I'll pop in with a few bonus episodes though), take this time to listen to other podcasts, read blogs and books, and make improving your financial literacy your number one priority.

For full episode show notes visit https://jessicamoorhouse.com/243