The pandemic has caused financial problems in families and health scares, and all we might want to hope for this holiday season is peace on Earth or at least a silent night.
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The unexpected, devastating, and far-reaching economic effects of COVID will remain with our country and the world for years. Individuals may even feel the consequences for the rest of their lives. In many cases, individuals and households will turn to personal bankruptcy in order to protect their assets from creditors.
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What are the best ways to consolidate credit card debts and collections during and after the coronavirus pandemic?
The best debt consolidation options during and after the coronavirus pandemic include do-it-yourself repayment plans, debt management programs through nonprofit credit counseling agencies, and, in cases of well-established consumer discipline, debt consolidation loans.
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The coronavirus pandemic of 2020 has led, for the first time in human history, to the shuttering of the world’s economy and to international trade. Countries have shut borders even to neighboring trading partners while simultaneously closing millions of businesses to contain the spread of the COVID-19 infection.
Financial Literacy is having both the knowledge and the competence to manage your personal and household finances in order to set and reach meaningful goals.
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What should you do with your coronavirus economic stimulus check?
While every household has its own unique financial situation and needs, options for spending your economic stimulus payment include spending on needs, paying down debts, saving for emergencies and short-term goals, investing for the long-term, and spending on fun and splurges.
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How to Prioritize Your Monthly Expenses during Coronavirus Pandemic
During the coronavirus pandemic of 2020, personal and household finances have been thrown into chaos for many individuals and families across the US and beyond. With so many businesses shuttered during the stay-at-home orders in most states, chances are high your own business or employer has made cuts in your hours, your income, or both.
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