Living on Less

The Covid Impact On Health And Finances

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Life has been pretty much wrapped up with all things Covid related, for far too long in my opinion, but it’s not just our physical and mental health that has been affected, our finances have been hit hard too.

Our finances do have a ‘health’ side.  Our bank balance can look healthy, but we often suffer from stress if we don’t have enough money to cover our bills. And of course one of the biggest outgoings is our monthly mortgage payment, that one that keeps the roof over our head, and where our families sleep safe and secure in their beds at night.

So much of our everyday life has changed. People who were used to going to the office every day doing the 9-5 routine, now find themselves working from home.  The function of some living space has had to change to meet this new way of working.  Bedrooms are now offices, the dining room table has become a desk, and some people have even made a workspace under their stairs.

This can alter the dynamic of the family home, and have huge consequences within relationships. Many women find it stressful having their husband or partner suddenly working from home when they have previously been used to having the house to themselves during the day.

Let’s face it, it’s hard to keep the children quiet when there’s that all-important Zoom meeting happening in the kitchen, and there’s only so much ‘shushing’ you can do!

But it’s not all bad news, whilst families may be struggling to cope with having to adapt their homes to accommodate the needs of the main wage earners, for some, it has been the catalyst they needed to make the decision to move.

They say that every cloud has a silver lining and the housing market seems to have benefitted from this new, work-from-home remit, as it appears to be booming.

So the time may be right to increase your mortgage to see if you can improve or extend your current house, but also to see if you can find a better deal, and actually move altogether to a bigger property.

On the other hand, you may have been hit hard financially, by the impact of Covid on your job or business, and you need to think about looking for a better interest rate.

I don’t know about you, but when I’m trying to tighten my belt, and I’m sitting working things out, in an effort to reduce my outgoings, I want something clear and simple to refer to that gives me the facts and figures in a nutshell. I want the information immediately too, otherwise, I lose interest, and put things off for far too long, and then it becomes a chore.

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