NEW YORK (Reuters) – Lives are on hold all over the world as we distance ourselves socially to contain the coronavirus, but bills still pile up.
FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
Some countries, like Italy and France, already enacted mortgage and rent relief, but U.S. measures are still being worked out for the most part, aside from a waiver for student loan interest.
Now is not the time for lectures on the value of having an emergency fund.
“You can’t just go pick up a side hustle right now,” said Erin Lowry, 30, author of “Broke Millennial,” a financial advice book that attempted to prepare her cohort for a rainy day such as now.
Many people, regardless of whether they can telecommute, have had their hours cut, have lost their jobs or are facing some kind of financial crisis. We are at the point of making the best worst choices.
Here are some ways to prioritize.
1. Assess the damage…