Dos and Don'ts

Strategies to Stay Financially Sane During the Coronavirus

Check Your Credit Score to Know Where You Stand

Keeping track of your financial standing is important no matter what the world looks like. Checking your credit score periodically will help you set goals.

←DO

strategies to stay finanically sane near syracuse ny from secny federal credit union check your credit score graph

DON'T→

strategies to stay finanically sane near syracuse ny from secny federal credit union avoid credit card payments clock

Avoid Credit Card Payments

Even if money is tight, do what you can to pay at least the minimum amount on your credit card bills each month. Try to avoid late fees and any impact to your credit score.

Beef Up Your Emergency Savings

A stimulus check may help you bear the weight of this global pandemic. If you do not need that money immediately, stow it away for later, don't let it burn a hole in your pocket

←DO

dos and donts near syracuse ny image of piggy bank

DON'T→

dos and donts near syracuse ny image of shopping cart

Rack Up Your Credit Card Bills

Don't shop just because of the 20% off tag. Remember: you only save money when sale shopping if you were going to buy that item at full price anyway.

File For Unemployment If You Qualify

Thanks to the CARES Act, the Federal Government is issuing an additional $600 per week for all of those who qualify on top of the state unemployment checks they already get.

←DO

dos and donts near syracuse ny image of a paper and pencil

DON'T→

dos and donts near syracuse ny image of three arrows and a question mark

Take It Personally If You Lose Your Job 

Spend time caring for yourself, keep busy with things you never had time for while you're looking for work. This too shall pass. 

Allow Yourself To Feel Things

Financial health scares can cause feelings of sadness and anxiety. Allow yourself to be stressed, and do things to combat those feelings. Exercising and reaching out to friends can help turn things around.

←DO

dos and donts near syracuse ny image of a lightbulb with a dollar sign inside

DON'T→

dos and donts near syracuse ny image of green dollar bills

Ignore Your Finances

Even though it is definitely stressful to face the reality of your financial situation, keeping an eye on your standing will be beneficial now and in the future. Now is a good time to take a look at your overall finances (checking, saving, retirement, credit limits, etc.).

Jean Chatzky, Director of Education, Editor in Chief, powered by savvymoney.

Monitor your credit score from our mobile banking app.

With Credit Sense an all-new FREE tool for members to view your credit score, tips on how to improve or maintain credit, credit report details and more.

Download our mobile app and check your score today.

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