Posts tagged covid-19
Credit Card Debt and Covid-19

In these hard times, it’s not just our health that we need to take good care of but also our financial status. Given that a lot of jobs were lost or in peril, as well as both small businesses and large companies struggling or worse going bankrupt, staying on top of finances has been hard to do.

Credit card debt has ballooned and Covid-19 has forever changed the way we do banking or the way we use a credit card. Remember that you are not alone and that there are certain measures in place to help you out if you’re struggling.

Read More
The Financial Impact of the Coronavirus (COVID-19)

What should you do financially to get through the coronavirus COVID-19 pandemic? Regardless of the current or coming health effects of COVID-19 on you or your family, the pandemic has affected and will continue to affect household finances for months and possibly a year or more. Having a plan, prioritizing spending, and using resources efficiently will be key to your financial stability.

Read More
Road Trips During Covid-19

The quarantine has cooped us up at home for months, making us feel like birds ready to take flight the first opportunity even after summer. But the travel industry is unrecognizable, and the economic picture could frighten even the most intrepid. Add in restrictions to limit the spread of the virus, and it just may feel impossible to travel safely or wisely this year.

Read More
Money Habits to Keep After COVID-19

COVID-19 has changed our money habits. For example, in April occurred the largest drop in consumer spending since the government began tracking the metric in 1959.

That may come to you as no surprise. Many businesses deemed “inessential” closed down completely or could only operate at partial capacity. Restaurants, bars, tourism, movie theaters and many retail outlets took a major hit.

Read More
Best Way to Consolidate Debt during and after the Coronavirus Pandemic

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.

Read More
What is the Impact of COVID-19 on Credit Reports and Scores?

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.

Read More
What to Do with Your Coronavirus Stimulus Check

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.

Read More
Helping Your Finances Survive a Pandemic or Disaster

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.

Read More
The National Emergency Personal Finance Checklist

When national emergencies strike, whether in the form of unforeseen natural disasters or approaching pandemics, preparation is critical for weathering the storm, so to speak, and emerging on the other side in the best possible financial position. What should be on a Personal Finance Checklist for National Emergencies? A personal finance checklist ahead of and during national emergencies should include steps to take that protects your household finances, minimizes the emergency’s negative effects on your money, and provides guidance for you and your loved ones in both best-case and worst-case scenarios.

Read More