@TheAccountingDr.com: What to do financially during the COVID-19 Pandemic?

What to do financially during the COVID-19 Pandemic?

WOW! It's been a CRAZY few weeks. I hope everyone is staying safe and well during this time. I am not usually a conspiracy theorist but I was talking with a friend of mine last night and we were talking about the air craft carrier that had 90+ servicemen/women onboard that had contracted the virus and the captain of the ship leaked it, somehow, to the press. Now, I just have a few issues with this: 1) How did these servicemen/women contract the virus when they were isolated out on the Pacific Ocean?; 2) When no one else can see to get test kits for the virus, how did test kits arrive on this ship, out in the middle of the Pacific Ocean? and 3) If it takes 3-5 days to get the results of the test, how/where were these test kits tested and the results sent back to the ship, in the middle of the Pacific Ocean? Maybe I am missing something here that is very obvious to others and please feel free to reply to this post and point out the obvious; but, as of now, I just don't see it.

Now that is off my chest, I will step down off the soap-box, back to the topic at hand!

Some of you may have lost your job, been furloughed, having to apply to unemployment and worried about what happens next. This is a concern of MANY of us! The number one thing you must do is purchase food for you and your family. The second thing is to ensure that you have shelter. Now, keep in mind that foreclosure is a real thing; BUT, in most states, it takes at least 6 months to be foreclosed on. So, you should not be in jeopardy of losing your house, at this point, because of the COVID-19 virus (unless you were already in trouble to begin with). DO NOT WITHDRAW YOUR 401-K (unless you absolutely have to)!!! In the next year or so, you will be very sorry that you did that; we don't get off the roller coaster half-way through the ride or we get hurt! Same scenario here! STAY THE COURSE! In fact, over the next few months, might be a good time to invest more into mutual funds. If you are worried about your upcoming financial situation, then get a job! Go and work at the grocery stores or fast-food until things turn around (and they WILL!). This may also help to stop you from going crazy during this time.

What to do financially during the COVID-19 Pandemic?

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