4 Money Mistakes to Avoid During the COVID-19 Crisis
COVID-19 has been battering the U.S. economy for well over a month, and unfortunately, it doesn't seem to be on its way out anytime soon. If you've been impacted by COVID-19, the financial moves you make in the coming weeks could spell the difference between staying afloat or struggling more than you have to. Here are a few key mistakes you'll want to avoid at all costs as the pandemic plays out.
If you've lost your job through no fault of your own, you may be entitled to unemployment benefits. The amount you'll qualify for varies by state and hinges on your pre-layoff earnings, but thanks to the COVID-19 relief package passed in late March, workers collecting benefits are now entitled to an additional $600 per week on top of the benefit they'd normally get. But don't wait to sign up for unemployment. Though it may be a frustrating process, what with many states' online filing systems crashing repeatedly, the sooner you get that claim in, the sooner your money will start flowing in. And that could help you avoid falling behind on bills or racking up expensive debt.
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Source Fool.com
