• About Us
  • Contact Us
  • Latest
  • Terms and Conditions
  • Privacy Policy
The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
HealthMoney

6 Ways to Financially Survive the Coronavirus Covid-19 Pandemic

by Petar Senjo April 20, 2020
by Petar Senjo April 20, 2020 Source: techcrunch
2K

With the coronavirus spreading more and more throughout the world every single day, many people are forced to stay at home, away from their jobs. Some companies are still giving out their paychecks, some offer only half of the pay and others are firing their employees. How your company will react during the pandemic depends on its financial status. If you are one of the unlucky ones that got a cut in the paycheck or if you are left without a job, there some things you can do remain financially stable.

Even if you still are going to work, you should be at least prepared for the worse and understand what you will need to do during the pandemic to ensure that you will still have a bit of cash in your bank account.

Many governments around the world have agreed to provide families with a bit of cash to help them during these desperate times. For example, President Donald Trump just signed a bill that the United States will provide $1,200 to households that are in need of help. There are also bonuses for unemployed people too.

All of this sounds great, but even $1,200 does not ensure that you will remain financially stable. Fortunately, there are still some things you can do by yourself to make sure that you still have a bit of cash. Here are some tips that might help you prepare and deal with this coronavirus pandemic.

Contents

  • Count your expenses
  • Don’t forget about your debts
  • Cancel unnecessary services
  • Take-out meals are a luxury
  • Stay healthy
  • Don’t panic shop

Count your expenses

Source: wittysparks

It is no secret that many of us have hundreds of unnecessary expenses throughout the month. We buy all kinds of ridiculous stuff to keep us entertained. But, if you have started noticing that your bank account is starting to shrink during the COVID-19 outbreak then maybe it is time to take a little break of non-essential cash spending. Even slowing down on the expenses by a little will help you save a bit of money.

To effectively stop wasting money on things that you do not need, you will need to make a detailed analysis of your monthly expenses. Write down the total amount of money you spend on utility bills and other essential stuff such as gas, car repairs and home supplies. Once you have a ballpark number about these costs, subtract them from your total household income. The number you are left with is the amount of money you can save up every month.

Of course, this doesn’t mean that you shouldn’t spend a single dime out of that money, but you can create a budget that will help you be more financially aware.

Don’t forget about your debts

Source: dollarnomics

This might not seem like the best time to worry about your outstanding debts, but they still exist. Ignoring them can only make your financial situation worse. Keep in mind, there are some companies and banks out there that have delayed the interest rate of some debts because of the coronavirus outbreak, but there are still some out there that have not obliged for such suspension.

However, just because the debts have been suspended does not mean that you should forget about paying them. Assuming that you want to become debt-free and worry about more important things, maybe you should consider applying for a debt relief which you can find at TheDebtReliefCompany.

Cancel unnecessary services

Source: Hoyes – Michalos Bankruptcy

In these modern times, most families around the world are subscribed to all kinds of services. But, in times like these, are those subscriptions really needed. Of course, you should keep your Netflix, Hulu or Amazon Prime Video subscription, so you can stay entertained during self-isolation, but is there really a need for a gym membership? Most gyms these days are probably completely closed off which means that your money is going nowhere.

The best way to unsubscribe from these kinds of services is to go on your online banking account and check out all the transactions. There can be tons of services that you have forgotten about.

Take-out meals are a luxury

Source: coreproducts

There definitely isn’t anything better than getting a freshly cooked burger right at your doorstep from your favorite food restaurant, but it is not a necessity, especially during the pandemic. Believe it or not, but ordering take-out every single day may be at least twice as expensive than cooking by yourself. Not only will you save money by making your own meals, but you will also eat healthier.

It is also important to note that food prepared by others is a risk of COVID-19 because you can’t really know what kind of safety measures the restaurant follows, right?

Stay healthy

Source: Healthy Directions

It is very important during these times to stay healthy. The coronavirus can have a stronger impact on people that have been recently sick or who are currently sick. This is why it is so important to make sure that our immune systems are stronger than ever.

By ensuring that everyone in your family stays healthy, you will save a lot of money that would have otherwise ended up for medical costs and we all know just how expensive they can be. To stay healthy, you should consider making homemade meals rich with fruits and vegetables to keep with your vitamin intake.

A bit of exercising throughout the day is also a good option. If you can leave your home, you could go for a short walk around the block, if you can’t, a bit of stretching at home will do you good.

If you suddenly feel sick, remember to take PDF doctors note to stay at home for 14 working days since you are ill, and have time to recovery.

Don’t panic shop

Source: welt.de

You are probably well acquainted with the people who have been doing all of their shopping in panic. They get out with several shopping carts full of all kinds of ridiculous items.

The coronavirus situation might be bad, but there is no need for such things. The outbreak is controlled and will get better in the next couple of months. There is no need to hoard toilet paper and other essential items.

Panic buying can lead to unnecessary expenses which can worsen your financial stability. Buy only what you need and stock up for just a couple of days.

We hope that you will stay safe during the pandemic and that this advice will keep you financially stable too.

coronavirusCOVID-19debtexpensesMoneyPandemicpanic shopSurvive
Petar Senjo

A creative writer with a keen eye for SEO. Combining his love for the latest news with his expertise in search engine optimization, Petar delivers impactful content that resonates with readers.

previous post
How Does the Weather Affect Your Digital Television Reception
next post
How to Select the Right Website Design Company?

Related Posts

Common Cold, The Flu, or Coronavirus? Understanding Differences...

February 27, 2024

Flipping Clothes Online in 2024: How to Make...

June 12, 2023

Learn How to Track Your Spending in 2024

May 11, 2023

Categories

  • Accessories
  • Animals
  • Anime
  • Art
  • Astrology
  • Beard Care
  • Beauty
  • Betting
  • Biography
  • Blog
  • Business
  • Buying Guides
  • Cannabis
  • Cars
  • Casino
  • CBD
  • Celebs
  • Children
  • Citizenship
  • Clippers
  • Clothes
  • Computer
  • Couple Time
  • COVID-19
  • Crime
  • Crypto
  • Culture
  • Design
  • DIY
  • Economics
  • Education
  • Entertainment
  • Environment
  • Family
  • Fashion
  • Featured
  • Food
  • Food & Drink
  • Furniture
  • Galleries
  • Gambling
  • Games
  • Gardening
  • Gifts
  • Girl
  • Gossip
  • Guide
  • Guys
  • Hair
  • Hair Care Tips
  • Hair Dryers
  • Hair loss
  • Hairstyles
  • Health
  • Highlights
  • History
  • Hobby
  • Home
  • Horoscopes
  • Hot Rollers
  • How to …
  • Industry
  • Internet
  • Interview
  • Law
  • Legal Advice
  • Life
  • Lifestyle
  • Love & Sex
  • Love Your Self
  • Makeup
  • Marketing
  • Medicine
  • Mind & Body
  • Money
  • Motorcycle
  • Movies
  • Moving
  • Music
  • Nails
  • Net Worth
  • News
  • Parenting
  • People
  • Pets
  • Photography
  • Products for Hair
  • Real Estate
  • Recipes
  • Relationships
  • Religion
  • Royals
  • SEO
  • Shopping
  • Skincare
  • Sports
  • Studying
  • Style
  • Super Stars
  • Tech
  • Technology
  • The Body
  • Tips
  • Tips & Tricks
  • Tools
  • Toys
  • Travel
  • Type
  • Uncategorized
  • Vape
  • Vehicle
  • Video
  • VR
  • Wedding
Footer Logo
  • About Us
  • Contact Us
  • Latest
  • Terms and Conditions
  • Privacy Policy

© 2024 - All Right Reserved.

TheFrisky.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

We at TheFrisky participate in various affiliate marketing programs, which means we may earn commissions on products or services that we recommend or promote through our website. When you click on a link to purchase a product or service that we have recommended or promoted, we may earn a commission from the sale. This commission helps us maintain and improve our website and provide you with valuable information and resources.

The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
The Frisky
  • Home
  • News
  • Health
  • Celebs
  • Movies
  • Love
  • Relationships
  • Style
  • Entertainment
  • Parenting
  • Royals
  • Travel
© 2024 - All Right Reserved.

TheFrisky.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

We at TheFrisky participate in various affiliate marketing programs, which means we may earn commissions on products or services that we recommend or promote through our website. When you click on a link to purchase a product or service that we have recommended or promoted, we may earn a commission from the sale. This commission helps us maintain and improve our website and provide you with valuable information and resources.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkNoPrivacy policy

Terms and Conditions - Privacy Policy