COVID-19 Concerned: Personal Finance During Crisis

C4 Atlanta has recently shared some Pop-Up Classes for COVID-19 related issues. In an effort to make the content of these programs more accessible, we have recorded them so that artists may share the content with others or refer back to it.

On April 24, 2020, C4 Atlanta welcomed Rebecca Selkowe,  as facilitators for COVID-19 Concerned: Insurance Edition. 

This post contains the recording of this session. All information was current as of April 24, 2020 to the best of knowledge of our facilitators.

Please note: Content in this workshop is provided for educational and informational purposes only, and should not be construed as an alternative to working with a social worker, health insurance navigator, or other insurance professional.

This program will not cover how to apply for relief programs like SBA loans or Unemployment Insurance but will cover information about what kinds of information is needed to apply and how to decide whether UI or SBA loans are right for you.

This workshop will focus on options available to artists affected by COVID-19 for personal finance help during COVID-19. This workshop is intended to help answer questions artists have about what options are available to them, how to navigate making decisions about what programs to apply for, and tips to manage or decrease current financial burdens.

Rebecca focused her workshop on a process of Intention, Attention, and Action. The process doesn’t change for artists because of the crisis, but the process may happen faster. This can help artists to take some of the fear of financial burden by focusing on what their needs are, fact-gathering, and planning a specific time to take action.

Rebecca shared some basic information about different financial relief programs available to artists during COVID-19. Some, such as state Unemployment Insurance for Pandemic Unemployment Assistance, still had information coming out about the application process when this workshop aired.  Also, much of the information available is state-specific. The information shared here is based on our location of Atlanta, GA. Rebecca focused on the documentation and information folks may need to apply. Artist relief fund efforts were shared that could be stop-gap measures to help artists find ways to meet financial gaps, especially while waiting for other relief mechanisms to be awarded (such as UI or SBA Loans).

The different types of SBA relief available to freelance artists and sole proprietors were broken down so that artists could understand the differences between the programs offered. On the day of this workshop, additional funding for these resources was allotted by the Federal Government.

Lastly, Rebecca shares some basic money management expertise for how to handle money, investments, and budgeting during a time of crisis. She shared some tips for artists around debt reductions, best practices for handling your budgeting during times of uncertainty, and what to do about funds invested in the market, such as IRAs and 401ks.

Links Shared by Facilitators During this Session:

The Actors Fund: (917)281-5975 actorsfund.org

C4 Atlanta: 1-800-WOW-ARTS c4atlanta.org

Actors Fund Emergency Fund for (crisis fund for artists in any area of entertainment – also handling crisis funds for entertainment unions): actorsfund.org/am-i-eligible-help

Actors Fund Full Training Schedule (includes other online programs with Rebecca offered through Actors Fund): actorsfund.org/workshops

C4 Atlanta Full Training Calendar (all programs offered online during COVID-19 social distancing): c4atlanta.org/training

C4 Atlanta Lost Gig Fund: c4atlanta.org/covid19apply

C4 Atlanta COVID-19 Resources Blog (lists MANY relief funds and other artist resources for COVID-19): c4atlanta.org/2020/04/resourcefulness-is-the-bedrock-of-artistry/

TILA Studios Relief Fund (For Black Women Artists): tilastudios.com

National Black Arts Festival Artist Relief Fund (for Black Artists): nbaf.org (initial deadline has now passed)

Atlanta Artist Relief Fund: atlartsrelief.org

Kickstarter LIst of Artist Resources (shared courtesy of National Black Arts Festival Instagram site): kickstarter.com/articles/covid-19-coronavirus-artist-resources

Artist Relief Fund (MANY funders – up to $5000 for eligible artists, rolling applications): artistrelief.org

Georgia Department of Labor Unemployment Information for Folks Affected by COVID-19: dol.georgia.gov/gdol-covid-19-information

Georgia Department of Labor Pandemic Unemployment Assistance Information (for folks SPECIFICALLY able to receive unemployment because of the expansion of eligibility from the CARES Act): https://dol.georgia.gov/pua

IRS.Gov information about eligibility requirements and disbursement for Economic Stimulus: irs.gov/coronavirus/economic-impact-payment-information-center

Get My Payment Economic Stimulus Tool AND Non-Filers Enter Your Information (for getting your economic stimulus check if you have not filed or what to know when you might receive your payment): irs.gov/coronavirus/economic-impact-payments

SBA Loan Information from SBA.gov: sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

Open Path Collective (for sliding scale psychotherapy for uninsured folks): openpathcollective.org

Not mentioned in session but also helpful:

COVID-19 Freelance Artist Resources: covid19freelanceartistresource.wordpress.com/

Smartpath Money Moves Quiz (fill out and it will help you identify sources of financial support that you may be eligible for based on your personal situation): moneymovesquiz.com

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