Financial Checklists for COVID-19

person using a pen to write a to-do list with checkboxes in a notebook on a bed

We know life can feel a little crazy right now. Getting to all the tasks you need to do — or even knowing all the tasks you need to do — can seem overwhelming. We want to help with that! We have some checklists for various topics that are top-of-mind right now. And remember, you can always talk to a Money Coach about your specific situation.

With these lists, you can take things one step at a time, stay on track, watch your progress as you check off relevant items, and feel organized.

What emergency relief options should I consider during the coronavirus pandemic?
There are plenty of questions, right now, regarding COVID-19 and how it’s affecting income across the country and the world. This handout asks relevant questions and provides answers regarding how the CARES Act and the Family First Coronavirus Response Act may be able to help you.

  • Has there been a disruption in your employment for reasons related to coronavirus?
  • Do you need cash from your retirement accounts?
  • Do you need to delay filing your federal income tax return?
  • Do you need to delay payment of your federal income tax liability?

Checklist: What emergency relief options should I consider during the coronavirus pandemic?

What issues should I consider if I lose my job?
Whether you have already experienced a job loss in your household or you expect one in the near future, you can find some useful action steps in this checklist. Get answers and next steps regarding questions like the following:

  • Are you still employed but will lose your job soon?
  • Were you laid off, downsized or was your position eliminated?
  • Will you lose your health insurance soon?
  • Are you 62 or older?
  • Will your cash flow be tight?

Checklist: What issues should I consider if I lose my job?

What issues should I consider during a recession or market correction?
In this handout, we list some easy yes-or-no questions regarding your finances, as well as action steps you can take depending on how you answer those questions. It will walk you through topics like cash flow, debt, taxes, and long-term planning. Here are a few examples:

  • Do you need to review or increase your emergency fund?
  • Were you planning to retire in the near future?
  • Do you have a mortgage or debts?
  • Do you want to rebalance your investment or retirement accounts?

Checklist: What issues should I consider during a recession or market correction?

These checklists are a great starting point for getting organized and feeling confident about your finances during this season. As you carry out the steps provided, you can get additional guidance and support from a Money Coach. Call today.