COVID-19 and finances

COVID-19 has hit the world hard. With over 1,300,000 cases in the US and counting, the public has been in quarantine for approximately two months and is now being urged to take caution while states are beginning to open back up again.

In the meantime, it is important to make sure you and your finances are in order to handle any emergency that may come your way. At Westport Federal Credit Union we want to help you prepare. Continue reading for some tips on what you should do with your finances during this pandemic.

  1. Look at your Finances and Budget

What do you have in your checking account? Savings account? How about your liquid assets? You may even benefit to check your credit limit. Once you get a good understanding of your finances you will be able to formulate a budget as now is the time more than ever.

  1. Save

One of the plus sides of social distancing is you probably aren’t spending as much money. Try to take this time to save some money. You never know when an unexpected expense might pop up.

  1. Get Help With Your Bills

If you are in need of some extra money to pay for your bills, Westport Federal Credit Union may be able to help. You can fill out a loan application 24/7 from the safety of your home at westport.org. Good Credit during COVID19

  1. Beware of Scams 

Be cautious of any company that promises that creditors will forgive your debts, or makes you pay up front for assistance.

  1. Stay Healthy

Do what you can to keep you and your loved ones safe and healthy. Follow CDC guidelines to prevent yourself, and others, from getting the virus.

  1. Don’t Panic – Prepare

Westport Federal Credit Union cannot stress this enough: preparation is everything and it is never too late to start. Secure your financial future with us at westport.org.

*Source: https://www.consumer.ftc.gov/blog/2020/04/managing-your-bills-during-covid-19