Now that a pandemic has damaged our economy so badly, many more people are unemployed than usual. In tough situations like these, you have to be able to have a handle on your finances. Here’s a quick look at some of the things you can do to ensure that you can meet your needs even during those times when your funds are limited. 

Debt Relief

Even when times are tough, the bills have to be paid or your credit score will suffer. Granted, during the pandemic, many companies offered generous payment terms to those who were struggling, but they’ll need to be paid at some point and places like Hawkeye Associates are happy to help you with that. The company helps people roll certain debts into one easy payment. 

For those who want to continue paying their credit card debt down, debt consolidation is a good option. It will allow you to meet your requirements with your creditors while having a lower interest rate and a single monthly payment as opposed to making payments to each creditor. That way you won’t be so stressed out about paying your bills on time. If you go this route, the money you save on payments can then be spent on life’s other necessities.


When you’re on a limited income, creating a budget can allow you to fund the basic necessities. 

Having a budget means you can keep a close eye on how much you bring in each month and where it goes. If you want your financial future to be one that’s successful, there’s no better way than to create a proven and realistic budget.  A budget will also give you the feeling that you’re the one in control of your funds.

You can start your budget by setting your financial goals. This includes both short- and long-term goals. The short-term goals are those that are effective for meeting your needs on a day-to-day basis. They should include making sure your current expenses are covered. These might be things like food, household necessities, child care, utility bills, and rent or mortgage. The long-term goals will be those geared for the future.

Unemployment Insurance

Those of us who’ve experienced a pay cut or have even lost our jobs due to the pandemic have had to learn about our unemployment insurance and benefits. That is something that’s provided by the US Labor Department for eligible workers who’ve experienced a cut in pay or lost their jobs through the fault of someone or something beyond their control.

As soon as you lose your job, it’s best to file for unemployment. Each state has its own benefits and requirements. Unemployment will help with keeping at least a bit of money coming in to help meeting your more pressing needs. That’s only a temporary bit of assistance though.

Other Considerations

Yes, it’s a difficult situation when you know you have needs to meet and limited funds to do it with. Try not to worry too much – that can make you sick. Discuss each issue that arises with your family members. The pandemic means that hard times haven’t just hit the people in our country, but those all over the world. Those who’ve had it the worst are those who’ve lost their jobs. If you happen to be one of the millions of people this has happened to, hopefully what you’ve just read will be able to help you when it comes to covering the basics.