Your Financial Guide to COVID-19

Updated: January 8, 2024

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Information about the coronavirus is rapidly evolving. For the most up-to-date medical and official information, please review resources from the World Health Organization or the Centers for Disease Control.

How does the CARES Act stimulus package impact me?
What do I do if I’ve been laid off because of the coronavirus?
Will my health insurance cover coronavirus treatment?
Should I stop investing because of the coronavirus?
Do I have to pay my student loan during the COVID-19 pandemic?
How can my small business weather the coronavirus outbreak?

Unemployment and Lost Wages

Workers across the country have been impacted by the economic fallout of COVID-19. If you’ve lost your job or freelance opportunities, these resources can help you make informed decisions. Whether you’re looking to file for unemployment or understand recent legislation, knowing the facts and finding the help you need can empower you to move forward.

Coronavirus has led to lost jobs across several sectors. One lost job today means more than one lost job as changes in spending ripple through the economy.

The effects of the coronavirus on the world economy will not be fully understood for months, years or perhaps even decades. Learn which industries may be the most impacted and what some are doing to try to help.

People are losing their jobs and wages due to the coronavirus. Learn what steps you can take if you’ve lost your income and what resources are available during this global health crisis.

There are several reasons why people may need to miss work because of the coronavirus, including child care issues, workplaces being closed or being sick or caring for someone who is. Learn what your state and local paid sick time laws are so you can prepare for COVID-19.

Just when people need health care insurance the most, many are losing it as they lose jobs during the coronavirus crisis. Learn what options are available if you’ve lost your job and your health care as a result.

Florida’s economy relies heavily on the tourism, hospitality and service industries. These cities are projected to see the highest numbers of unemployment claims in the Sunshine State.

Coronavirus relief benefits for freelancers and gig economy workers are available, but there are some limitations to how they work. Learn what help is available to freelance workers who have been impacted by COVID-19.

Coronavirus Resources for Small Businesses

Small businesses are cornerstones for communities across the country. Whether you’re a small business owner or employee, these resources can help you navigate the changing landscape of opportunities and help available. Protecting your business, employees and customers can help you and your community thrive.

Small businesses are feeling the pain from the coronavirus crisis and the closing of all nonessential businesses while we try to flatten the curve. Here are some measures small businesses can take to survive through the Coronavirus pandemic.

Small businesses have additional requirements to comply with the Families First Coronavirus Response Act which provides expanded benefits to workers. This guide helps you navigate these changes for your small business.

Small business insurance only covers coronavirus loss if there’s a special rider on the policy. Learn how to determine if your business is covered against coronavirus and how you can ensure the health of your business with the right insurance.

The CARES Act was designed to help individuals and small businesses weather the financial challenges of the coronavirus epidemic. Learn how small businesses can help their employees and stay in businesses.

Whether you’ve been planning to start a business for years or you’ve been recently laid off and are looking for new opportunities, now may be the time. Get advice from experts on starting a business during the coronavirus.

COVID-19 and Your Personal Finances

While you may be unsure about the future, understanding financial relief efforts and finding resources to help you manage your money can help you stay secure during this critical time.

Setting a budget and sticking to it is one way you can start to feel in control of your finances during the coronavirus crisis. Learn about eight ways to cut spending during the coronavirus.

Banks are offering temporary relief for those affected by the coronavirus. If you’re facing financial difficulty because of the COVID-19 crisis and need help, here are some ways banks are offering relief.

Just when people need health care insurance the most, many are losing it as they lose jobs during the coronavirus crisis. Learn what options are available if you’ve lost your job and your health care as a result.

Despite widespread unemployment, the personal saving rate for March 2020 was the highest since 1981. Learn how to put your savings to work instead of spending it once quarantine has ended.

In a MoneyGeek survey, 57% of Americans said they won’t be able to pay their bills if the coronavirus crisis lasts eight weeks or longer. Get tips on how to make your money last while we flatten the curve.

It’s important to invest wisely even in calm times, but when there’s a crisis, it’s even more important to make sensible and measured choices about your money. Learn about the eight ways you can make rational investing decisions no matter what else is happening in the world.

MoneyGeek conducted a nationwide survey to understand the financial impacts of coronavirus on Americans’ household finances.

If you haven’t invested in your 401(k)** because you’re too busy to think about it, now might be the time. Take this time while you’re sheltering in place during the coronavirus crisis to learn more about how to save for your retirement and what you need to do to sign up for your 401(k)** now.

Dollar-cost averaging and portfolio rebalancing are two important investment strategies, but should you be doing anything different while the market is fluctuating due to the coronavirus? Learn how to manage your retirement accounts during uncertain times.

If you haven’t thought about estate planning or life insurance, now is a good time to start. Learn about the different types of life insurance, why now could be a good time to get it and why it’s a good time to think about estate planning if you haven’t before.

While a bill introduced into the senate designed to protect consumer credit scores during the coronavirus failed, there are still things you can do to ensure your credit score doesn't take a hit during this time of uncertainty. Learn more about how you can protect your credit score during the coronavirus.

If you’ve been out of work during COVID-19, you may be feeling anxious about how you’ll pay your bills. Learn how to negotiate and pay important bills during the coronavirus.

Even if your personal finances took a beating from COVID-19, you can get back on your feet. Try these 10 things to get your personal finances in order after the coronavirus crisis.

As the country begins to open up after the coronavirus shutdowns, you may be interested in getting a mortgage, car loan or credit card. Some things have changed, so learn how you can get credit in this uncertain economic time.

Some people are returning to work after the COVID-19 stay-at-home orders, but others have lost their jobs for good and need financial assistance. Use these resources to get help with health care, housing, child care and more.

How Financial Policy and Legislation Updates Impact You

The coronavirus outbreak is affecting people all over the world, and the financial impacts are tremendous. Learn what the U.S. government is planning to do about student loans during this time and how it may affect you.

The IRS has extended the tax filing deadline from April 15 to July 15. This is welcome news during the coronavirus crisis for millions of Americans, and there are things you can do to leverage your extra time to file and pay.

Following the Federal Reserve interest rate cut, both businesses and consumers could see some tangible benefits. However, those benefits may not apply to everyone.

An historic bill passed by Congress aims to help save businesses and support individuals who have been affected by the economic impact of the Coronavirus. Here are some of the most common questions around what the package entails.

The $2.2 trillion CARES Act provides emergency financial relief in many forms. Learn how the act impacts your 401(k)** and what resources are available to you.

Life at Home During Coronavirus

If you’re working from home, transitioning your children to homeschooling or planning for a self-quarantine, you may need help adjusting to life at home. With stay-at-home orders across the country aimed to help stop the spread of the coronavirus, many people are learning to adjust to spending more time at home. Learn how to be productive, manage your budget and stay safe at home during the coronavirus outbreak.

Whether you're working from home or trying to entertain kids during quarantine, these activities can help you pass the time, stay productive and make the best of a challenging situation.

The coronavirus outbreak has forced many companies to move their operations into the homes of their employees through remote work. A fully remote team shares their top tips for working from home.

Whether you’re on quarantine, sheltering in place or just staying at home, there are steps you can take to improve your finances during the coronavirus crisis. Get timely and actionable tips for measures you can take to come out of quarantine in a strong financial position.

Self-quarantine is one way to help slow down the spread of the coronavirus, but for some, it’s not financially feasible. Learn five tips for making sure your finances are in order for quarantine or isolation.

The coronavirus has been tough on everybody, but there are some lessons for kids in the pandemic, including financial ones. Learn the 10 lessons you can teach your kids about money during COVID-19.

Home and business cleaning services make life a lot easier. Learn the questions you should ask before you hire a cleaning service.

Other Coronavirus Resources and Updates

COVID-19 continues to have an impact on all aspects of life, from travel plans and charities to the housing market health care. Learn more about the coronavirus’s effects on the economy and what you can do to help others or get through these challenging times yourself.

During times of crisis, the scammers are out in full force, and this includes during the coronavirus pandemic. Be on the lookout for these coronavirus scams, and learn how to avoid them.

The coronavirus has impacted charities and non-profit organizations around the world, and the end is nowhere in sight. Learn what you can do to make an immediate positive impact on your favorite cause and how you can donate to coronavirus charities.

If you were buying or selling a house before the coronavirus pandemic came along, you may be wondering if you should change course and put your plans on hold. Learn how the real estate market is being affected by the coronavirus and what you should do.

Paying for coverage shouldn’t hold you or a loved one back from seeking coronavirus testing or treatment. Understand how coronavirus care is covered, whether you have health insurance or not.

The impact of the coronavirus goes beyond medical ramifications. The closing of schools and child care centers will impact child care businesses and family finances profoundly. Learn more about COVID-19’s effects on child care.

Like physical health, mental health is important for long-term well-being. During times of crisis, caring for your mental health can help you stay healthy and manage stress, anxiety and depression.

As the U.S. receives mixed messages about economic recovery after coronavirus closures, there are some powerful indicators that can tell us where we are headed. Learn the 5 factors to look out for that might signal economic recovery.