Hey Guys! We are going to share financial tips to keep in mind during COVID-19. Did you know 18% of all U.S. workers have lost jobs or hours since the coronavirus hit?
As the pandemic continues to rise, it has greatly compromised the American workforce. Many people have been affected in ways they did not see coming. If you've been affected and don't know where to start, have no worries - we got you covered!
#1 If your income has been affected by COVID-19 due to job loss, contact your creditors immediately.
#2 Reach out to your financial providers such as your banks and investments.
#3 Use your time wisely; take time to educate yourself on financial literacy for the future.
#4 Reduce your expenses and increase savings; avoid applying for new credit card debt.
#5 Review your expenses and budget what you can afford or cut back on.
#6 Only focus on paying debt you already have.
#7 Expand your emergency savings account.
#8 If you are receiving unemployment or Government assistance such as an stimulus check, try to pay bills and priority items first then save as much as possible.