I want to take this opportunity to share an article I recently came across regarding ways to protect your personal finances. I hope you find this information useful during this uncertain time.
So, you’ve stocked your home with food and other daily essentials in preparation for being stuck at home. You even managed to fight off the hoard of desperate shoppers at your local grocery store to secure the last few rolls of toilet paper. At this point, you’re prepared to weather whatever coronavirus (COVID-19) throws your way. But is your wallet?
With more and more restrictions going into place every day, it’s well past time you took a few precautions to protect your personal finances. Here are nine things to do over the next few days to prepare yourself and your wallet for any disruption to your paycheck, financial situation, or daily routine.
Get familiar with your credit union’s e-Services
Automate payments or set up bill pay
Reduce your discretionary spending
Avoid making large purchases with your credit card
Aggressively pay down debt
Put that tax refund into your emergency fund
Subscribe to your credit union’s emails
Develop a plan for work