This isn’t a post about or whether our country’s belated reaction to the coronavirus is in fact an overreaction. I’m not writing about whether or not we should self-isolate*, or whether schools and public venues should have closed, or whether we’ve lost our collective damn mind in terms of toilet-paper hoarding.
I just want to point out that frugality (or intentional living, or whatever you want to call it) positions us to outlast both minor and major emergencies. Personally, I think that the coronavirus is both minor and major.
It’s minor (thus far, anyway) in that relatively few people are actually sick. If the epidemiologists are correct, “flattening the curve” may keep the medical system from being too overwhelmed to provide care for all.
It’s major in that many people’s livelihoods (both regular jobs and side hustles) are being hammered. When your finances are already chancy, losing a couple of weeks’ worth of work doesn’t just hurt – it might actually take you down.
Which brings us back to intentional living. If you were able to reduce/pay off your debt and build an emergency fund, then you are now better-equipped to handle the coronavirus troubles.
Facing reduced hours at work or even outright layoff because customers have disappeared? No longer able to pick up those extra 10 hours a week walking dogs or selling hot dogs at the basketball arena? Or maybe your job hasn’t gone away, but you now need to pay for weeks of childcare due to school closure.
That stinks, to be sure. It won’t be fun to use some (or all) of your EF to make up the difference. Instead, try thinking of it this way: I’m very glad I took the steps to build this cushion. And when this is over, I’ll get back to rebuilding.








