By Jeff Smith
The coronavirus pandemic has us all washing our hands, disinfecting our homes, social distancing, and worrying about loved ones.
But alongside the health challenges brought on by COVID-19 are very real economic challenges, as millions of workers quarantine themselves and businesses across the globe shut their doors with no clear timeline for reopening.
As the financial impacts of the pandemic become increasingly clear, governments, employers, and financial institutions are responding with measures meant to soften the blow. But these are still extraordinarily difficult times for many.
There are a lot of things beyond our control right now, but the following are some concrete steps you can take to safeguard your credit rating and personal finances during this challenging time.
Read on for what to do ...
Download this graphic as a PDF here.
Dept. of Homeland Security financial preparedness tips: https://www.ready.gov/financial-preparedness
Consumer Financial Protection Bureau's financial empowerment resource and suggestions for how to prioritize your bills:
https://www.consumerfinance.gov/practitioner-resources/your-money-your-goals/ and https://files.consumerfinance.gov/f/documents/cfpb_your-money-your-goals_prioritizing_bills_tool_2018-11_ADA.pdf
NFCC, a nonprofit one-on-one credit counselors:
AFCPE directory of accredited one-on-one financial counselors:
Operation Hope's COVID-19 free virtual support for financial recovery:
Ideas for finding extra income, from Self:
Unemployment benefits information and application links:
Employer-provided financial assistance: https://www.mwe.com/insights/coronavirus-national-emergency-declaration-permits-employers-to-offer-tax-favored-financial-assistance-to-employees/
Coronavirus financial assistance tracker for businesses: https://www.inc.com/kevin-j-ryan/coronavirus-resource-list-for-businesses.html
Potential sources of cash for small businesses:
Dept. of Housing and Urban Development legal advocate locator: https://apps.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
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Jeff Smith is the VP of marketing at Self.