Retooling Your Budget For COVID-19? 5 Smart Steps To Take Now

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Retooling Your Budget For COVID-19? 5 Smart Steps To Take Now
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Retooling your budget in response to the coronavirus crisis? Here are 5 steps you can take right now:

) an attractive option, but if the slowdown in economic activity spurred by the coronavirus leads the economy into a recession, your homeIf you rent instead of own, your options for managing rent payments may be narrower. But the good news is that a number of states and cities have enacted at because your income has taken a hard hit, you may be insulated from legal action, at least in the short term.

, including the temporary suspension of payments. This doesn’t apply to private student loans, however. If you have private loans, youll want to reach out to your loan servicer to see whether a deferment or forbearance is possible.

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