We have a New Normal

I don’t think any of us could have anticipated the impact of the CoronaVirus would have our lives and our new normal.  I saw the stock market get hammered day after day and my instincts wanted to move to safety of bonds but I know, I’d be taking a huge loss and then when they market comes back, I’d be buying at the higher price than when I sold.  Because I took an early retirement, I’m only exposed by 20% to the market.  I am still young retiree and I have quite a while to go before I am eligible to collect Social Security.

I do suspect that every adult will be given at least, $1,000, at a minimum for each month that we are made to do social distancing.  It’s not as a thank you but so to give an instant shot in the arm to our economy.  You must understand that these corporations don’t give two fiddles about employees, they only care about profits.  If we are all made to stay home and when we finally get to go back to normalcy, most corporations will not be paying employees to sit at home, therefore, people will pay rent, mortgage, utilities and food to survive.  If the government doesn’t issue us a stimulus of money to put into the economy, the economy will tank and businesses will file for bankruptcy.

I am wondering if Ibotta will be issuing an extension for the $10 Pot of Gold Bonus since we must practice social distancing?

Speaking of social distancing, since we all maybe doing little to no couponing due to the CoronaVirus, I will be reducing my postings.  It’s kind of hard to post deals if the store shelves are cleared because of panic buying or stores being closed or shortened hours or your area has implemented a curfew or whatever else the government will come up with in the days and weeks to come.

My blog changes as the world around me changes.

{ 6 comments }

  • Kerri March 17, 2020, 17:55

    One thing you might recommend — as you often do anyway, but with special emphasis now — is to cash out your savings apps if you’re at the minimum. Depending on how long this lasts, I wouldn’t be surprised if some of the smaller ones go belly up…

    • Ms. B. March 18, 2020, 08:25

      Kerri, good idea.

  • Anna March 17, 2020, 18:28

    I have all my savings in investment accounts in the stock market; it is not doing well, to say the least. The anxiety of losing your retirement savings is pretty serious. I am trying to think of it in the only positive terms I can: if the worst happens, at least I will have tax writeoffs for the losses for every year of the rest of my life…

    • Ms. B. March 18, 2020, 08:24

      I have not looked at my investments yet. We cannot panic, the government will pump liquidity into our economy to help bring it back to life. You will see that they will pass legislation to give us CoronaVirus checks.

  • DENISE March 17, 2020, 19:17

    I belong to 24 hour Fitness gym. I just saw they have an app. 24GO. They have classes that you can do at home.

    • Ms. B. March 18, 2020, 08:15

      A good alternative to going to the gym.