5 Online Sources That Can Help Moms Manage Debts On This Time Of Pandemic

If you are a mom who hasn’t been able to learn the ins and outs of managing your budget and savings yet, chances are that this pandemic is already pushing you to do so.  There hasn’t been a need to be resourceful and be money-wise more than ever than these days especially when managing debts.

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Many of us have experienced drastic changes not only in the way we deal with our family health but more importantly with our family’s financial situation because of the pandemic. Some families lost their family income due to layoffs, business closures, and many other reasons. How can moms and their partners be able to manage their finances, their budgets and their hard-earned money in general as they wait for the economy to rise back up again? Is it still possible to be debt-free in this time of pandemic? Whether we like it or not, now is the perfect time to be more knowledgeable when it comes to handling money.

Fortunately, there are helpful sources of information and tips for us moms when it comes to managing debts that are easy to understand and unintimidating. And so here’s our top 5 online sources that offer reliable and timely ideas that can help moms assess their financial status and find ways to get out of debt.

1. Moneymax – it’s a website that compares financial products and helps Filipinos gain financial literacy. It’s personal finance article about getting out of debt despite having low income is detailed and can be applied by every Filipino family.
2. Chinkee Tan
   Chinkee Tan’s website uses easy-to-understand words and videos that can help readers achieve financial freedom. Being an author of best-selling financial books, Chinkee Tan was able to create a website that makes learning about money both easy and entertaining to Filipinos. His article about being “utang-free” was on-point and can help the reader realize how important it is to be debt-free without compromising relationships with other people.
3. iMoney.ph – this website is a learning portal when it comes loans, credit cards, insurances and more. It also has financial calculators such as income tax calculator and loan calculators that can help moms budget and plan their loan payments.
4. DebtConsolidation.com – this website is a one-stop website that can help moms and family decision makers in managing debts through debt consolidation, settlement and credit counseling. Although based in USA, it contains videos and tools that can be helpful to readers when it comes to consolidating debts and repairing their credit lines. The website has helpful guides that explain why mothers can consider consolidating their debts and have a clean slate. Debt consolidation can help parents lessen the stress of thinking about multiple payments and the website teaches feasible ways of choosing structured payment methods.
5. The Thrifty Pinay is a finance blog by a former banker and a homemaker which is why moms can easily relate with the ideas presented by the author. The website also offers money making tips and investment tips that can be applied by moms to help augment their finances and pay their debts.

This pandemic is the worst time to have problems with debts but we have to deal with them on time if we don’t want to be buried in interest fees. By learning through real-life debt management experiences, applying tips we can get from these recommended sources and considering debt consolidation, it’s possible for moms to manage their debts stress-free.