3 Tips on How To Financially Prepare Amid COVID-19
Posted by Nailah Herbert in Opportunities & ResourcesMarch 23, 2020(Last Updated December 29, 2022)•1 min read
Key Takeaways
- It is essential to prepare for any surprises that could come financially.
- To avoid spending money that you may need later, there are some tips that can help.
Are you ready to make some real money moves?
As we are navigating the overall financial and social impact of the coronavirus, it's essential to prepare ourselves for any surprises that could come financially. To avoid spending money that you may need later, here are my top three tips to prepare your pockets:
Tip#1: Cut out unnecessary expenses
Cutting expenses will save you money and give you some financial cushion or extra money for groceries, utilities, or other bills.
Tip #2: Create a list before you shop
Creating a list before you head to the grocery store can help you to stay organized and save money.
Tip #3: Contact your lenders
Your lenders could be:
- Credit card company
- Auto loan
- Mortgage company or landlord
- Utility company
- Student loan servicer