If the current coronavirus pandemic is leaving you feeling uncertain about your financial future, you’re not alone. Many people have experienced a lack of work as a result of the spread of COVID19, and the self-employed are experiencing a lack of business during a time where they would usually be doing well. Nobody’s exactly sure what’s going to happen in the near future or just how long it’s going to last. And the last thing that you need is to be in a state of panic about your income – it’s a time to focus on keeping yourself and your family healthy and well. Here’s what you can do.
Negotiate with Your Employer
If you’re not already working from home at your employer’s request, it’s a good idea to speak to them about the benefits of doing so. Working from home is ideal wherever possible in a situation like this since it means that you can self-isolate without losing out on your wages. If you’re still bringing in an income through remote working and need some extra cash to stock up on supplies now, bad credit loans payday from a referral service like LoanPig can help. Just be careful when borrowing, and make sure that you only do so if you can be sure you’re going to earn the money to repay it because payday loans can exacerbate an already financially stressful situation and perpetuate poverty. If your employer isn’t able to let you work from home, they may be able to put measures in place to ensure that you can still work. And if not, don’t worry – there are still companies looking to hire staff for positions that are suitable for doing remotely, so have a look around and see what you can find.
Speak to Anyone You Pay Money To
If you’re worried about being able to keep up with things like mortgage payments, rent payments or utility bills, it’s a good idea to call up the companies or your landlord and let them know about the predicament you are in. You certainly won’t be the first to call, and these companies have measures in place to help their customers out in times like these. You might be able to get a payment break or reduced payments.
If you’re currently paying back any creditors, speak to them too – they may be able to help you by freezing your account for a while so you don’t need to worry about making repayments until you’re back on your feet.
Make Some Money Online
If you need some quick cash, there are plenty of options to consider for making money online. For example, if you have anything that you don’t use anymore, you can still sell online using sites like eBay or even Facebook Marketplace, but bear in mind that fewer people are going to be meeting face-to-face to buy and sell items than usual due to social distancing. eBay or other marketplaces where you can post the items might be a better option. In addition, you can also look for companies and individuals who need online services, like a virtual assistant.
If your finances are being affected by the coronavirus, act now! There are actions that you can take to minimize the financial impact of the pandemic.