During these uncertain times, it can be easy to feel overwhelmed, especially when it comes to your finances. Whatever your situation may be, these tips below will help streamline your financial planning and manage your budget to help you stay on top of bills, save money, and work toward your financial goals.

1. Stay Focused 

As circumstances are constantly changing, remember, you are not alone and there are resources available to help you navigate and safeguard your finances. Stay focused on how you can protect your money by evaluating (and adjusting) your spending plan, cutting back on expenses, working with lenders and creditors to explore your options, and more. Leaning on those you trust such as family and friends to hold you accountable with your finances is a great way to not only help you make smart financial decisions but will also provide another reason to virtually connect with your loved ones. Staying connected can help you stay focused. 

2. Research Your Options

In moments of uncertainty, knowledge is your best friend.  is essential for protecting your assets. If rent may be hard to pay this month, it can be helpful to communicate with your landlord, as they are probably worrying about payments as well. Student loans may seem never-ending, however, many lenders have begun making accommodations to offer relief from the stress caused by COVID-19. Most student loan refinancing companies have responded in some way to the crisis on their website. Speak with their specialists to learn more about the changes they’re making and how they can help you. 

3. Create an Emergency Budget

Build a sturdy foundation to fall back on during challenging times. The best way to avoid a financial emergency is to prepare an emergency budget. Applying Mint’s 50/30/20rule can help guide you in the right direction to construct your emergency fund. Find out where your money is going and when your payments are coming in so you can maintain a positive balance. learn how to assess your current budget, divide expenses, adjust budgets, find available benefits, and reassess financial goals. 

4. Maintain Your Credit

whether you’re using your credit card more, looking for a loan to help bridge a financial gap, or just simply being proactive about your financial health. Learn more about the five major factors that impact your credit score, tips for maintaining good credit whether your money is tight or stable, and what loan modifications to look out for during these uncertain times. 

5. Reach Out to Your Bank and/or Creditors

The best time to talk to your financial institution is before things have gotten out of hand. Concerned about paying your mortgage? The sooner you reach out, the better. As nervous as you might feel about talking to your bank, keep in mind that a lot of people need help right now, and many banks, credit unions, and lenders are working to support you. They’ll appreciate you being proactive and will help you find solutions.