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January 30, 2023
By
The Admiral Staff
Millions of Americans have lost their jobs due to the pandemic, and more layoffs are expected. To mitigate financial hardship, experts recommend immediately applying for unemployment insurance, reducing expenses (potentially by shopping around for cheaper car insurance), and seeking temporary “bridge jobs” at companies like Walmart, Amazon, and Target, which are hiring for seasonal and permanent positions.
September 24, 2022
By
The Admiral Staff
The coronavirus pandemic makes it reasonable to tap into your emergency fund, but it’s important to proceed thoughtfully. Before doing so, consider: whether the expense is a genuine need, if external resources or assistance programs can help, if you have other available cash to use first (excluding retirement accounts), and if you can reduce costs by finding cheaper alternatives.
September 22, 2022
By
The Admiral Staff
The COVID-19 pandemic has significantly impacted the housing market, but buying a home isn’t entirely different. Affordability remains key, and securing a mortgage has become more challenging due to stricter lending requirements, higher down payments (like JPMorgan Chase’s 20% minimum), and updated income verification. However, historically low interest rates (around 3%) offer a potential advantage for those with stable income and decent credit. Ultimately, the best course of action depends on individual financial circumstances and
