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COVID-19 financial help and resources

Your financial health is important to us.

The evolving COVID-19 crisis is affecting everyone in one way or another. And unfortunately, it's having a deep impact on people's financial health. Here are some useful resources to help you make informed decisions in these unprecedented times.

Ask Carrie columns. In her weekly personal finance series, Carrie Schwab-Pomerantz shares the latest information on how to protect your finances.

MoneyWise® Essentials. Find budgeting tools, calculators, and guides to help you manage and make the most of your money and investing.

Teaching Kids. Here's a great educational resource with hands-on activities to keep your kids engaged while at home.

Other Coronavirus assistance. When you need it, be sure to reach out to other organizations that can help with services such as unemployment, healthcare, and housing.


Timely Ask Carrie columns

This Mother's Day, Let's Talk to Our Kids About Money
May 6, 2020

It's always good to talk openly with your kids about money. Now it may be more important than ever.



Ordinary Ways to Give Back During Extraordinary Times
April 29, 2020

From small personal gestures to larger contributions, if you want to give back, now is a perfect time.



Looking for the Best Place to Stash Your Cash?
April 21, 2020

There are many places to stash your cash, but the shorter your timeframe the more careful you need to be.



Should You Refinance Your Mortgage?
April 15, 2020

Falling interest rates may have you thinking about refinancing your mortgage but here's what else to consider.



Today's New Financial Reality: How to Get Through the Tough Times
April 8, 2020

Today's financial reality may mean creative budgeting, reducing expenses, and getting help when needed. Here's how.



Short on Cash? Carefully Consider Your Options
April 1, 2020

Worried about selling in a down market? There's more than one way to come up with cash when you need it.



Should I Change My Investment Strategy?
March 25, 2020

Your feelings about risk can change in volatile markets, but consider your goals and timeframe before taking action.



Staying Calm During the Market Storm: Five Things You Can Do Now
March 18, 2020

Ready to panic? Don't. In times of turmoil, sticking with your plan and staying invested is the best strategy.



What Do Recent Changes to FICO Scores Mean for Me?
March 11, 2020

Recent FICO changes could impact your credit score, but the fundamentals of good credit remain the same.




Other Coronavirus assistance

Unemployment
Unemployment Benefits Finder: See how to file for unemployment benefits in your state and get important updates on changes related to COVID-19.
COBRA: Compare continuation health insurance offered by your former employer against marketplace coverage and costs to see what's best for you.

Housing
If you're concerned about paying the rent or mortgage, contact your landlord or lender (where you send monthly payments) to ask about any relief options.
Guide to COVID mortgage relief options: Smart next steps depending on your situation.
Housing and Urban Development (HUD): Free counseling and information about rental assistance, homelessness prevention, temporary housing, and more.

Utilities
If you're concerned about utility costs, contact your service providers for help and look into lower-cost options.
LIHEAP: Get help with your home energy bill.
Lifeline: Lower the monthly costs of phone or internet service.
EveryoneOn: Find low-cost internet service and computers in your area.

Health care
Health insurance is an essential need—make sure your family is fully covered.
HealthCare.gov: Sign up for health insurance through federal and state exchanges.
Health Insurance Marketplace Calculator: Estimate your eligibility for subsidies and how much you could spend on health insurance, as well as eligibility for Medicaid.
Medicare/Medicaid: Navigate Medicare choices with state-specific counseling and assistance.
Children's Health Insurance Program (CHIP): See if your children qualify and apply for
low-cost health coverage.

Budget
Get organized and make the most of your money with smart budgeting tools.
Monthly Budget Planner: Try an easy way to get started and stay on track.
Spending Tracker: Track your spending to make smarter choices.

Credit and debt
If you need help managing debt, contact your lenders to ask about relief rate and payment options.
Annual Credit Report: Get a free report and check your credit.
Credit counseling: Talk to a counselor about ways to reduce your debt.
Credit protection: Follow steps to manage and protect your credit.

Student loans
Find relief for federal student loan borrowers.
Student loan FAQs: Get answers on loans and payment options.
NSLDS: Find your specific loan and servicer information.
Default resolution: Find debt resolution help and guidance.

Food and nutrition
USDA ChooseMyPlate: Find food budgeting ideas and tips.
USDA Food Plans: Find nutritious diets at different cost levels.
Nutrition Assistance: Learn about and apply for SNAP (Supplemental Nutrition Assistance Program).

Legal
Look into free or low-cost legal assistance. See if your employer offers any group legal benefits.
National Consumer Law Center: Understand your rights and get legal help when needed.
Free legal help: Get help solving legal programs with federally funded services.
Bankruptcy basics: Get information about federal bankruptcy laws and the process.

Safety and security
Protecting your security and financial assets is the highest priority. Find more information here.
If you suspect you've been the victim of any form of fraud or identity theft, notify your financial institution and creditors immediately.
IC3: File a complaint with the FBI's Internet Crime Complaint Center.
Coronavirus Fraud: Be aware of COVID-19 related scams.

Small business
Find low-interest federal disaster loans for working capital.
SBA Relief Options: See what areas are eligible for Small Business Assistance loans.
SBA Paycheck Protection Application: Apply for paycheck protection as needed.

Taxes
The IRS has extended the tax filing deadline to July 15, 2020, as a result of COVID-19. When it comes to income taxes, it's always best to consult a tax professional.
AICPA: Find a licensed tax professional.
Free tax help: Find out about free tax return preparation and counseling. (Note: Many sites may be closed for an undetermined period of time.)

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The information on this website is for educational purposes only. It is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, consult with a qualified tax advisor, CPA, financial planner, or investment manager.

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