Managing Your Finances During the Coronavirus Outbreak

Managing Your Finances During the Coronavirus Outbreak

Somalilandsun: The coronavirus outbreak is currently on everyone’s mind. Social distancing and other practices to reduce its spread are essential not only to your health, but to the health of others as well. With governments implementing measures to reduce the impact of the virus and businesses closing or reducing their hours, life as we know it has changed.

The coronavirus outbreak has already had significant effects on the economy. Three of the five biggest drops in the history of the Dow Jones Industrial Average have come during the crisis, and people are already feeling the impact of their hours being cut and their savings losing value.

To help protect people from many of the economic effects of the coronavirus, both the government and private lenders have offered relief to consumers.

This article will cover the lenders that have assisted borrowers, tips for managing your money during the coronavirus outbreak, and resources where you can find help.

Note: This article will be updated as new relief programs are announced. Continue reading