Beware gaining "the COVID-19"
While this re purposing of the disease's name obviously is lighthearted, the struggle is real. After all, the current situation is a recipe for weight gain.
It doesn't have to be, though.
In fact, just as simple things like washing hands, staying home and keeping 6 feet apart when in public can help slow the spread of the corona-virus, easy options exist for eating healthy and being active. In fact, social media feeds are filled with them.
Let’s take a closer look at how you can keep your finances in order as the COVID-19 situation develops around the world.
Stretch Your Savings Farther
One potential impact of the current situation is that you could be required to stay home for weeks at a time. A few ideas include cutting nonessential spending from your budget. In addition to these potential savings, you can find free ways to entertain yourself at home.
Boost Your Emergency Fund
Take Stock Of What You Have
Contact Your Lenders And Landlords For Help
Keep Calm And Stick To Your Investment Plan
Consider Taking Advantage Of Low Interest Rates
The Bottom Line
The world is on edge due to the COVID-19 situation, but that doesn’t mean your healthy and finances need to suffer. Take action to build and maintain your physical and financial health before the virus impacts you in any way. If you have already been affected by the virus, then take steps to mitigate the long-term damage.