Skimm Special, Part 2: COVID, Women, and Their Wallets

Skimm This

theSkimm

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4.5 • 3.6K Ratings

🗓️ 5 October 2020

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the last few months, most of us have faced some sort of COVID-related lifestyle changes that have disrupted our everyday norms. On today’s Skimm Special, brought to you in partnership with Northwestern Mutual, we’ll hear from a Skimm’r whose job disappeared as the US economy slid into a recession earlier this year … just weeks after she signed an expensive new lease. Making ends meet hasn’t been easy, but she’s still optimistic and hopes more education or even entrepreneurship could be on the horizon. Whether it’s revisiting our budgets or prioritizing savings, Northwestern Mutual financial advisor Nicole Stokes walks us through the value of going back to basics when the world feels upside down. On this episode, you’ll hear from: Chava Vietze, Skimm’r Nicole Stokes, Northwestern Mutual financial advisor If you want to add theSkimm to your daily routine, sign-up for our free newsletter the Daily Skimm. It’s everything you need to know to start your day, right in your inbox. Skimm'd by Ciara Long, Luke Vargas, Justine Davie, and Peter Bonaventure. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's episode is brought to you by Northwestern Mutual.
0:06.1	No matter what your situation is, their financial advisors can guide you through it.
0:10.3	Get matched at northwestermutual.com slash the skim.
0:21.2	Welcome to Skim This.
0:22.6	We're doing something a little bit different today.
0:25.4	Last week, we started talking about how the coronavirus pandemic is affecting all our
0:29.9	personal finances.
0:31.5	But women's bank accounts are taking more of a hit than men's.
0:35.2	Former US President John F. Kennedy once said that the Chinese word for crisis is made
0:40.1	up of two characters, one representing danger and the other opportunity.
0:45.7	So today, we wanted to look at a difficult situation and see if we could find opportunity
0:51.1	too.
0:52.4	After all, figuring out your finances is tricky at the best of times.
0:56.9	That's why today we're bringing you the second of three special episodes where we're talking
1:01.4	personal finance and the pandemic.
1:04.0	I really want to honestly run my own company one day and I'm very entrepreneurial and
1:11.6	that hasn't changed.
1:13.2	I think that the timing though in terms of everything has changed.
1:18.6	We know that thoughts like how to progress your career or whether to go back to school
1:22.9	might be crossing your mind as well.
1:25.0	We'll be talking through these topics and more with Nicole Stokes, a financial advisor
1:29.6	with Northwestern Mutual.
	...

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