13 Steps to Take if You’ve Lost Your Job Due to the Coronavirus Crisis

By June 8, 2021 No Comments

Here are 13 important steps to take if you lose your job due to the current COVID-19 pandemic:

  1. Apply for unemployment benefits.
  2. If you have emergency savings, now’s the time to tap into it.
  3. Look over your monthly expenses and find ways to cut back.
  4. If you have a mortgage, inform your lender and servicer.
  5. If you have student loans, suspend your payments.
  6. Get in touch with your bank.
  7. Stay away from payday loans.
  8. Communicate with your utility and service providers.
  9. You can use your retirement accounts — but avoid it if possible.
  10. Take advantage of community programs.
  11. Look at job postings.
  12. Be flexible about new opportunities.
  13. Pay attention to the news.

For details on all of these steps, please visit: https://www.bankrate.com/personal-finance/smart-money/what-to-do-if-lost-job-coronavirus/