3 Things To Do During Quarantine | Financial Help



3 things to do during quarantine | Financial Help and I’m talking about financial help and also financial options/ Because if you don’t know your rights, some people will try to play you.

1. New York Renter’s pause on EVICTIONS
– Right now most stays have a prohibition of evictions for commercial and also residential
– This will ensure that if your business is not essential
– Or you got laid, that you don’t get evicted

For example:
– In New York the governor signed an executive order to prohibit evictions for up to 90 days
– So double-check in your state and see what actions and options they have you
– And if you’re a landlord then talk to your bank, or see what the state is doing

Why:
– The reason I’m telling you guys this
– Is because one of my clients literally got threaten by his landlord
– So its good to know your rights.

2. Nelnet student loans (both federal and private may qualify for forbearance) – Until September 30th
– Now this is good if you have federally backed loans then it will be done automatically, but if you don’t
– Contact your loan provider and ask for a break, they should have some options for you and also remember to say, that you were affected by everything that’s going on
– To make sure you can qualify

However:
– If you still have a job or are getting extra money right now through unemployment ( which I will talk about later)
– Take the time to double down on all your student loans and if you can pay them in full by the end off September
– Because of the first time ever, all the money you pay towards them will go towards the capital and not the interest

Tip: they don’t allow auto pay during these times, so just set goals and keep track of it.

3. Chase and Capital one and some other credit cards ( no need for payment for 3 months)
– Some credit cards are doing it automatically but for some cards like the chase,
– You’ll have to contact them directly or enroll with through the chase app
– So take advantage and say you’ve been affected and get those interest payment to stop

And again:
– You can do this with virtually almost any bill during these times
– SO take all the extra money you have if you’re still working
– And pay off all of your Credit card debt and student loans if you can

4. Question: Should you take a loan to stay afloat?
– Check out private companies in your area offering help
– Example, a neighbor got food for her entire family by going to these food hauls

Q2. Essential working on people on unemployment
– Some people on unemployment are making twice the money they use to while being employed
– And essential workers are mad about it, congress I working on a pay increase for these workers
– And just remember that those people, might not come back to a job, and their insurance would be gone ( so its extra money just in case)

Q3. What I still have my job and no crazy debt
– pay of high-interest debt
– no debt then build an emergency fund of 3—6 months
– then start investing heavy

Tip: Pay attention to the news that matter ( you’ll get too anxious if you watch the news every day)
– Just ask your friends to summarize for you

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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