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If you have been impacted by COVID-19, our team is here to help, learn more..
10 Smart Ways to Reduce Expenses and Tighten Your Budget to Make Your Stimulus Check Last
Have you received your economic impact payment, also known as a stimulus check? If so, you are probably thinking about the best way to use it. People who have been severely affected by COVID-19 will likely need to use it right away. The funds could cover food, housing payments, and other emergency expenses. On the other hand, those who have not felt an impact may invest or donate the funds. But many people are in the middle. They have felt the financial pinch from COVID-19, but are not in dire straits.
The Importance of Checking Your Credit Report During the COVID-19 Pandemic
The COVID-19 crisis has forced many of us to shift priorities. People are focused on taking care of their families, following social distancing measures, and making ends meet. That said, it is important to keep track on your financial situation, too. We have already discussed how to budget during COVID-19, but there’s another basic financial indicator you should be monitoring: your credit report. During a situation like the current national crisis it is easy to overlook your credit, and it is also a prime opportunity for scammers and identity thieves to prey on unsuspecting victims.
NFCC Financial Literacy Survey Highlights Areas of Most Urgent Concern as COVID-19 Reached the United States
The 2020 Consumer Financial Literacy Survey sponsored by Discover Financial Services was conducted online within the United States by The Harris Poll on behalf of the National Foundation for Credit Counseling and Discover Financial Services between March 9th and March 13th, 2020 among 2,004 U.S. adults ages 18+. The NFCC’s Financial Literacy Survey provides an overview of financial literacy statistics in the U.S. This year’s report focuses on how prepared American households are to deal with the financial uncertainties from COVID-19 pandemic.
Podcast Announcement 📣
The NFCC has launched a new podcast, called Fin Bit! It’s a series of bit-sized discussions with people committed to improving financial fitness for folks just like you!
NFCC in the News: 📰
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Coronavirus And Debt: Options To Consider If You Can’t Afford To Pay Your Bills Read More...
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Here’s the ‘most basic rule of thumb’ when it comes to paying off your debt, according to an expert. Read More...
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How to Protect Your Credit if Your Income Takes a Hit Read More...
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How to Manage Your Credit Score During a Crisis Read More...
- Get All Your Credit Card Payments Deferred With One Call Read More...
Around the Country 🗽
How to Ask Your Bank or Lender for Help
Many banks, credit card issuers and other lenders have promised to help those impacted by the coronavirus pandemic. They’re offering to defer or reduce payments and to waive interest charges and rebate fees for those who have lost jobs, had their hours reduced or otherwise lost income to the COVID-19 crisis.
The help usually isn’t automatic, however. You have to ask for it — and ask the right way.
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