Do you finish your day with a wee tipple of whisky or a herbal cup of tea?
Do you wake up to organic drip coffee or a green smoothie?
As we head into quarantine mode, hunkering down and staying indoors, most of us are looking to stock up on more than just toilet paper. Keeping some of your favorite drinks on hand is a surefire way to help weather whatever life throws your way in the coming days and weeks.
As coronavirus sweeps across the world leaving chaos and uncertainty in its wake, we try to lessen the load with a lighthearted look at what your favorite quarantine drink says about your finances.
Corona drinkers ready for the worst
The world may be running for cover in fear of the coronavirus. But you are the kind of person that laughs in the face of danger. Although the news is calling to avoid everything and everyone, you braved the stores to pick up a pack of Corona to tide you over during social distancing.
You’ll continue to enjoy this favorite drink regardless of its name. Corona stocks may be hurting, but you’ll do your best to clear the shelves of this light beer.
In general, you tend to not care about what others think about you. With that, you decided to carefully save your money for the things that really matter to you. Instead of living in a McMansion, you’ve paid down your debt and drive an older car to reap the financial rewards.
You are ready and willing to weather this potential financial storm with your favorite beer in hand.
IPA lovers prepared for anything
With the strong flavors of IPAs, these drinks are not for the faint of heart. The onset of the coronavirus has truly set apart the financially prepared and unprepared.
As an IPA drinker, you fall firmly into the prepared category. In fact, you may have a stockpile of cash and emergency supplies available. It’s highly possible that you’ll be enjoying your IPA in a secluded cabin with months of food and toilet paper on hand.
The onslaught of the virus is not something that you’ve anticipated, but you’ve always been prepared for whatever life throws your way.
The wheat beer connoisseurs of the world may find themselves on the less prepared side of things. Although no one could see this pandemic coming, the sudden arrival might have caught you off guard. Perhaps you were in the middle of a debt snowball? Or you were just beginning to build your emergency savings? In either case, you might find yourself in a more perilous situation than most.
At this point, the best thing to do is create a budget and stick to it. If you are struggling to make ends meet, then reach out to your lenders as soon as possible. Many lenders are willing to work with to waive fees and extend due dates. Take the time to call as soon as you can.
Gin and tonic sippers waiting for the rebound
It is not a secret that the stock market has taken a hit due to the impacts of the coronavirus. With the economic uncertainty, stocks are plummeting with no end in sight. As the market free falls, many investors are in panic mode. That might lead them to sell their shares prematurely and realize a big loss.
As you sip your gin and tonic, you might be thinking the exact opposite. As a seasoned investor, you know that the market goes up and down. Although it can be scary, you are intending to stick to your investment strategy. You aren’t planning to take any money out of the market, and you are continuing to invest as the market falls.
You’ve decided to calmly leave your money in the market as you enjoy your gin and tonic on the couch. The tried and true buy and hold strategy could lead you to a successful investment portfolio.
Wine sommelier hunkering down with savings
Wine is known as a global drink. Different regions of the world produce specific types of wine that can potentially claim world fame. As the wine sommelier of your friend group, you know all of the regions from Napa to Bordeaux. With that outlook, you’ve taken a more global view of the current pandemic.
Although you may not have outright prepared for this current economic situation, you do have an emergency fund on hand. You’ll be ready to ride out the storm once you find a store with toilet paper in stock.
After that, you’ll hunker down and enjoy your favorite wines from the exotic domicile region otherwise known as your living room.
The shelves of your local Whole Foods may be cleared out, but you are ready and willing to brew your own kombucha. You may be banking on the potential health benefits of kombucha to ward off any harmful viruses. However, your bank account may not be quite as healthy as your body.
You’ll need to buckle down during this trying time. Of course, your health should remain a top priority. But you may need to hustle in order to make ends meet.
Consider picking up a remote side hustle to help you survive the coming weeks. You might be surprised how many work-from-home side hustles you can start today. With no threat to the internet, you’ll be able to build an income in your newfound free time.
Luckily, your favorite drink is not the only way to predict the success of your quarantine.
Although it can be a scary time financially, hang on to your savings and slash expenses to make ends meet.
To prevent the spread of Covid-19, take action to socially distance yourself. We don’t recommend rushing for the booze but a little of what you like is usually good: Whether it’s a glass of Merlot or a vegan matcha latte, we can all drink to that.
And if you’re looking to make some money moves that can help you stay prepared during COVID-19, check out MU30’s video below:
- What The Coronavirus Means For Mortgage Rates
- Life Insurance In The Age Of Coronavirus