{"id":14055,"date":"2021-05-19T12:48:36","date_gmt":"2021-05-19T19:48:36","guid":{"rendered":"https:\/\/canary.kcprod.info/blog\/?p=14055"},"modified":"2022-01-11T17:12:15","modified_gmt":"2022-01-12T01:12:15","slug":"how-to-keep-up-good-financial-habits-after-the-pandemic","status":"publish","type":"post","link":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/","title":{"rendered":"How To Keep Up Good Financial Habits After the Pandemic"},"content":{"rendered":"\n<p>It\u2019s nearly summer, and lots of us are getting excited about returning to pre-pandemic normalcy here in the US. Whether you can\u2019t wait to jump on a plane and travel the world or you just want to go back to your favorite restaurant, there\u2019s a lot to look forward to in the coming months as the vaccine rollout continues and you reestablish your old routines. But for many people, the pandemic has prompted new financial habits that are worth holding onto.<\/p>\n\n\n\n<p>Before you throw financial caution to the wind and get back to your pre-pandemic life, here are some tips to help you maintain good financial habits you picked up over the last year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Keep saving<\/h2>\n\n\n\n<p>Since the onset of the pandemic in 2020, many of us have spent a lot less on things like travel, entertainment, and dining. As a result, the personal savings rate has been <a href=\"https:\/\/www.statista.com\/statistics\/246268\/personal-savings-rate-in-the-united-states-by-month\/\">unusually high<\/a>. After all, we\u2019ve had fewer opportunities to spend (who was traveling in 2020?) and some of us decided to hold off on purchases (why buy new clothes when you\u2019re not going anywhere?).&nbsp;<\/p>\n\n\n\n<p>As the economy continues to open up, hold onto your momentum. Avoid falling prey to \u201c<a href=\"https:\/\/www.forbes.com\/sites\/ryanderousseau\/2021\/03\/31\/how-to-avoid-a-revenge-spending-splurge-post-pandemic\/?sh=235806224078\">revenge spending<\/a>\u201d and keep an eye on your monthly costs \u2013 don\u2019t eat out every night of the week just because you can. And when you make a big purchase, don\u2019t forget to use any credit card points or miles you racked up last year \u2013 those can save you a significant amount of cash and give your savings rate a boost.<\/p>\n\n\n\n<p>It helps to think about spending less now as a way of getting to future financial milestones more quickly. Maybe your new, higher savings rate will allow you to buy a home a few years earlier. That\u2019s pretty motivating, and it\u2019s a great reason to pay attention to your spending in the short term. Your future self will thank you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Keep investing<\/h2>\n\n\n\n<p>Interest rates fell sharply last year, and the APY on high-interest checking and cash accounts fell too. As a result, maybe you took up investing as a way to help your long-term savings grow since savings accounts are <a href=\"https:\/\/canary.kcprod.info/blog\/your-high-yield-cash-account-shouldnt-be-your-only-savings-vehicle\/\">unlikely to keep up with inflation<\/a>. This is a great idea, and you should stick with it.<\/p>\n\n\n\n<p><a href=\"https:\/\/canary.kcprod.info/blog\/saving-for-long-term-goals-use-an-investment-account\/\">We\u2019re big proponents of saving for long-term goals in an investment account<\/a> because taking <em>some<\/em> market risk generally allows you to enjoy larger returns. Even when interest rates increase in the future (as they\u2019re likely to), we think you should invest anything you don\u2019t plan to spend within three to five years, excluding your <a href=\"https:\/\/canary.kcprod.info/blog\/build-emergency-fund\/\">emergency fund<\/a>.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Keep tackling your debt&nbsp;<\/h2>\n\n\n\n<p>If you have outstanding debt, maybe you took advantage of low interest rates to refinance. If you haven\u2019t already done this (or you haven\u2019t applied this strategy to all of your debt), you still can. Interest on debt compounds just like interest on savings \u2013 and that means paying a lower rate can save you some serious cash.&nbsp;&nbsp;<\/p>\n\n\n\n<p>If you&#8217;ve been considering <a href=\"https:\/\/www.investopedia.com\/mortgage\/refinance\/when-and-when-not-to-refinance-mortgage\/\">refinancing your mortgage<\/a> or you simply need to <a href=\"https:\/\/www.investopedia.com\/terms\/d\/debtconsolidation.asp\">consolidate other debt<\/a>, now is the time to start looking at options and locking in low rates. Plus, if you have federal student loans, all principal and interest payments have been <a href=\"https:\/\/studentaid.gov\/announcements-events\/coronavirus\">deferred through the end of September<\/a>. Consider putting cash you\u2019d normally use to pay your federal student loans towards other debt instead.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The future is bright<\/h2>\n\n\n\n<p>It\u2019s a relief that the pandemic seems to be winding down in the US \u2013 it was a long, challenging chapter and it\u2019s no wonder so many people are itching to get back to normal. You should absolutely attend events with family and friends, go back to your favorite coffee shop, and take a much-needed vacation. But if you can find balance and hold onto some of the financial habits you picked up in 2020, you\u2019ll reap the rewards for years to come.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s nearly summer, and lots of us are getting excited about returning to pre-pandemic normalcy here in the US. Whether you can\u2019t wait to jump on a plane and travel the world or you just want to go back to your favorite restaurant, there\u2019s a lot to look forward to in the coming months as [&hellip;]<\/p>\n","protected":false},"author":10000,"featured_media":14058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1278],"tags":[1750,1281,2193],"coauthors":[1266],"class_list":["post-14055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planning","tag-debt","tag-investing","tag-savings-rate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Keep Up Good Financial Habits After the Pandemic<\/title>\n<meta name=\"description\" content=\"As life begins to return to normal, here are some tips to help you maintain good financial habits you picked up over the last year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Keep Up Good Financial Habits After the Pandemic\" \/>\n<meta property=\"og:description\" content=\"As life begins to return to normal, here are some tips to help you maintain good financial habits you picked up over the last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"Wealthfront Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-19T19:48:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T01:12:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"962\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony Molina, CPA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Wealthfront\" \/>\n<meta name=\"twitter:site\" content=\"@Wealthfront\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony Molina, CPA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/\",\"url\":\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/\",\"name\":\"How To Keep Up Good Financial Habits After the Pandemic\",\"isPartOf\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg\",\"datePublished\":\"2021-05-19T19:48:36+00:00\",\"dateModified\":\"2022-01-12T01:12:15+00:00\",\"author\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/dab26849baacffef502035f907045563\"},\"description\":\"As life begins to return to normal, here are some tips to help you maintain good financial habits you picked up over the last year.\",\"breadcrumb\":{\"@id\":\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#primaryimage\",\"url\":\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg\",\"contentUrl\":\"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg\",\"width\":2560,\"height\":962,\"caption\":\"Photo by Alex Knight on Unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/canary.kcprod.info/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How To Keep Up Good Financial Habits After the Pandemic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/#website\",\"url\":\"https:\/\/canary.kcprod.info/blog\/\",\"name\":\"Wealthfront Blog\",\"description\":\"Personal Finance &amp; Investing Insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/canary.kcprod.info/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/dab26849baacffef502035f907045563\",\"name\":\"Elizabeth Rowe\",\"url\":\"https:\/\/canary.kcprod.info/blog\/author\/elizabethrowe\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How To Keep Up Good Financial Habits After the Pandemic","description":"As life begins to return to normal, here are some tips to help you maintain good financial habits you picked up over the last year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/","og_locale":"en_US","og_type":"article","og_title":"How To Keep Up Good Financial Habits After the Pandemic","og_description":"As life begins to return to normal, here are some tips to help you maintain good financial habits you picked up over the last year.","og_url":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/","og_site_name":"Wealthfront Blog","article_published_time":"2021-05-19T19:48:36+00:00","article_modified_time":"2022-01-12T01:12:15+00:00","og_image":[{"width":2560,"height":962,"url":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg","type":"image\/jpeg"}],"author":"Tony Molina, CPA","twitter_card":"summary_large_image","twitter_creator":"@Wealthfront","twitter_site":"@Wealthfront","twitter_misc":{"Written by":"Tony Molina, CPA","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/","url":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/","name":"How To Keep Up Good Financial Habits After the Pandemic","isPartOf":{"@id":"https:\/\/canary.kcprod.info/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#primaryimage"},"image":{"@id":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#primaryimage"},"thumbnailUrl":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg","datePublished":"2021-05-19T19:48:36+00:00","dateModified":"2022-01-12T01:12:15+00:00","author":{"@id":"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/dab26849baacffef502035f907045563"},"description":"As life begins to return to normal, here are some tips to help you maintain good financial habits you picked up over the last year.","breadcrumb":{"@id":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#primaryimage","url":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg","contentUrl":"https:\/\/canary.kcprod.info/blog\/wp-content\/uploads\/2021\/05\/alex-knight-liWlhUFWp2w-unsplash-scaled.jpg","width":2560,"height":962,"caption":"Photo by Alex Knight on Unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/canary.kcprod.info/blog\/how-to-keep-up-good-financial-habits-after-the-pandemic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/canary.kcprod.info/blog\/"},{"@type":"ListItem","position":2,"name":"How To Keep Up Good Financial Habits After the Pandemic"}]},{"@type":"WebSite","@id":"https:\/\/canary.kcprod.info/blog\/#website","url":"https:\/\/canary.kcprod.info/blog\/","name":"Wealthfront Blog","description":"Personal Finance &amp; Investing Insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/canary.kcprod.info/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/canary.kcprod.info/blog\/#\/schema\/person\/dab26849baacffef502035f907045563","name":"Elizabeth Rowe","url":"https:\/\/canary.kcprod.info/blog\/author\/elizabethrowe\/"}]}},"_links":{"self":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts\/14055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/users\/10000"}],"replies":[{"embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/comments?post=14055"}],"version-history":[{"count":1,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts\/14055\/revisions"}],"predecessor-version":[{"id":14933,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/posts\/14055\/revisions\/14933"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/media\/14058"}],"wp:attachment":[{"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/media?parent=14055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/categories?post=14055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/tags?post=14055"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/canary.kcprod.info/blog\/wp-json\/wp\/v2\/coauthors?post=14055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}