Evaluate your financial situation.
- Consider an emergency budget.
- Contact creditors ahead of time. Ask about
temporary lower rates, extensions, hardship plans. - Research what community and government assistance
are available. - Consider your retirement savings. Normally this
is taboo, but these are not normal times. - Explore if there is any way you can earn income
at home? - Discuss alternative, creative and safe ways to
work with your employer and fellow employees, such as delivery services or
preparing take-out. - If you file income taxes and expect a return,
get them filed if you haven’t done so. - Stay away from payday loans.
- Sit tight on your stocks and bonds.
- Beware of scams.
- Resist online binge shopping.
Several of my clients are struggling with issues
related to corona virus. I am offering some of the tips these clients have
suggested for navigating today’s uncertain waters.