Home Budgeting & Finance

How to Cope with Financial Concerns During the COVID-19 Pandemic

Pandemic Finances
Manage your money through uncertain times

The Coronavirus has hit both our health and our livelihoods, leaving many worried about lost jobs and looming layoffs. If money is on your mind, here are practical steps to manage your expenses right now.

There is no doubt these are challenging times. The Coronavirus has not only had a severe and unprecedented impact on our global health, but it’s also affected our livelihood. Fear of impending unemployment is a universal sentiment these days and many people have already lost their jobs. In fact, more than 500,000 people visited the New York State Department of Labor website to apply for unemployment insurance just last Thursday. If you are among those who have either lost their jobs or are worried about being laid off in the near future, there are things you can do to help manage your expenses right now.

1 Save as Much as You Can

Whether you are typically a saver or a spender, now is the time to save as much money as you possibly can and being forced into social isolation certainly makes it easier. Even if you are going into work every day, you are probably still saving on things like gas, entertainment and travel. Put the money you would have otherwise spent on those things into an emergency fund. If you are working from home and have to upgrade your WiFi, see if your company will contribute, so you aren’t burdened with the additional cost. Make sure to get refunds for any events you had previously paid for, but can no longer attend and put that money directly into the emergency fund. Also, remember to cancel autopay for things related to your workday commute and put those expenses into the fund, as well.

2 Spend Only on Necessities

When stuck at home, don’t fall into the online shopping trap. Inboxes seem to be endlessly flooded with emails offering deep discounts and free trials, but just because there is a sale on your favorite website, doesn’t mean you have to indulge. Try restricting yourself to things you absolutely need while stuck at home, such as groceries and supplies. An occasional treat is, of course, ok, but try to keep it to a minimum. Don’t forget to freeze or cancel gym memberships and make sure you aren’t paying for subscriptions you no longer need.

3 Get Creative with Employment

Regardless of what type of job you currently hold or previously held, think about your skills and whether they could be useful in a new digital capacity. Many businesses have moved online and might be looking for help. Perhaps you can offer your skills as a service to others, such as teaching, tutoring, cooking or writing. The point is not to restrict yourself to the confines of your current profession.

4 If You Can't Pay Your Bills

Be proactive and reach out to your creditors. Many organizations have been understanding during this time. Your landlord or mortgage company might allow you to skip payments for a few months, for example. It can’t hurt to ask, but waiting to discuss until you are contacted isn’t advisable.

5 Reduce Your Ongoing Expenses

This is the perfect time to reassess your budget and ongoing expenses to make sure you are getting the best deals possible. Are you overpaying for cable, phone or internet? How would you even know if you were? Companies commonly reserve their best deals for new customers, while existing customers tend to pay more for the same services. This is where Billshark can help you. Our experts will research the best deals and negotiate on your behalf to save you as much money as possible, so you don’t have to deal with long wait times and confrontations with salespeople. Contact Billshark to find out more.

Following the steps above will go a long way to easing your financial burden during the pandemic, so you can begin to enjoy your extra time at home.

Share:
Billshark · Bill Negotiation Experts
Helping consumers and small businesses stop overpaying on recurring bills.

Frequently Asked Questions

How can I save money during the COVID-19 pandemic?

Save as much as you can and build an emergency fund. With social isolation, you are likely spending less on gas, entertainment and travel, so redirect that money into savings. Get refunds for events you can no longer attend, cancel autopay for commute-related costs, and ask if your employer will help cover a WiFi upgrade if you are working from home.

What should I spend money on while stuck at home?

Stick to necessities like groceries and supplies, and avoid the online shopping trap of deep discounts and free trials flooding your inbox. An occasional treat is fine, but keep it to a minimum. Freeze or cancel gym memberships and make sure you are not paying for subscriptions you no longer need.

What can I do if I can't pay my bills?

Be proactive and reach out to your creditors. Many organizations have been understanding during this time, and your landlord or mortgage company might let you skip payments for a few months. It can't hurt to ask, but waiting until you are contacted is not advisable.

How can I find work if I've lost my job?

Get creative with employment. Think about your skills and whether they could be useful in a new digital capacity, since many businesses have moved online and might be looking for help. You could offer skills as a service to others, such as teaching, tutoring, cooking or writing. Don't restrict yourself to the confines of your current profession.

How can Billshark help reduce my expenses?

Reassess your budget to see if you are overpaying for cable, phone or internet. Companies commonly reserve their best deals for new customers, while existing customers pay more for the same services. Billshark's experts research the best deals and negotiate on your behalf to save you as much money as possible, so you avoid long wait times and confrontations with salespeople.

Save on the Bills You Just Read About

Billshark negotiates your bills for you — no savings, no fee.

Estimate My Savings

How to Cope with Financial Concerns During the COVID-19 Pandemic page context

How to Cope with Financial Concerns During the COVID-19 Pandemic is a Billshark resource with information and navigation relevant to recurring bills, consumer choices, and savings decisions.

Worried about money during COVID-19? Learn how to save, cut spending, find work, and reduce bills so you can ease your financial burden.

Visitors can use this page to review Billshark information and continue to the route that best matches their savings, support, or account needs.

Billshark publishes this information to help visitors understand monthly expenses, provider choices, and practical next steps.

The page connects visitors with related Billshark resources when they need additional detail or a more specific next step.

The Coronavirus has hit both our health and our livelihoods, leaving many worried about lost jobs and looming layoffs.

There is no doubt these are challenging times.

Whether you are typically a saver or a spender, now is the time to save as much money as you possibly can and being forced into social isolation certainly makes it easier.

When stuck at home, don’t fall into the online shopping trap.

Regardless of what type of job you currently hold or previously held, think about your skills and whether they could be useful in a new digital capacity.

Be proactive and reach out to your creditors.

This is the perfect time to reassess your budget and ongoing expenses to make sure you are getting the best deals possible.

Following the steps above will go a long way to easing your financial burden during the pandemic, so you can begin to enjoy your extra time at home.

Save as much as you can and build an emergency fund.

Stick to necessities like groceries and supplies, and avoid the online shopping trap of deep discounts and free trials flooding your inbox.

Get creative with employment.

Reassess your budget to see if you are overpaying for cable, phone or internet.

Billshark negotiates your bills for you — no savings, no fee.

Billshark helps lower internet, wireless, cable, satellite radio, and other monthly bills.

Our experts handle providers for customers and share updates throughout the process.

Customers pay only when Billshark finds savings on eligible bills.

1 Save as Much as You.

2 Spend Only on Necessities.

3 Get Creative with Employment.

4 If You Can't Pay Your Bills.

5 Reduce Your Ongoing Expenses.

Frequently Asked Questions.

How can I save money during the COVID-19 pandemic?.

What should I spend money on while stuck at home?.

What can I do if I can't pay my bills?.

How can I find work if I've lost my job?.

How can Billshark help reduce my expenses?.

Rescue Your Finances: Smart Strategies for Recovery.

Did You Get Your Stimulus Check Yet?.

Boost Financial Success: Smart Ways to Use Bill Savings.

Get Money Fast: Top Strategies for Quick Cash.

Can't Pay Your Rent or Mortgage?.

Mortgage Trouble: Smart Tips for Struggling Homeowners.

How to Survive in These 'Interesting' Times.

Get Refunds & Relief: Recover Money During COVID-19.

Sprint/T-Mobile Merger: 3 Ways It Could Hurt Your Wallet.

Save on the Bills You Just Read About.

All Negotiation Services.

Corporate / Business Billing.

Blog - All Categories.

Home Budgeting & Finance.

Home Budgeting & Finance Rescue Your Finances: Smart Strategies for Recovery Carolyn Depoto · Apr 6, 2020 · 3 min read Read article →.

Savings Tips Did You Get Your Stimulus Check Yet?.

Home Budgeting & Finance Boost Financial Success: Smart Ways to Use Bill Savings Brian Keaney · Dec 15, 2015 · 4 min read Read article →.

Home Budgeting & Finance Get Money Fast: Top Strategies for Quick Cash Steven McKean · Apr 28, 2020 · 7 min read Read article →.

Savings Tips Can't Pay Your Rent or Mortgage?.

Savings Tips Mortgage Trouble: Smart Tips for Struggling Homeowners Brian Keaney · Jun 9, 2020 · 4 min read Read article →.

Financial Advice How to Survive in These 'Interesting' Times Brian Keaney · Mar 30, 2020 · 4 min read Read article →.

Savings Tips Get Refunds & Relief: Recover Money During COVID-19 Steven McKean · Apr 14, 2020 · 2 min read Read article →.

Wireless Sprint/T-Mobile Merger: 3 Ways It Could Hurt Your Wallet Steven McKean · Mar 19, 2020 · 4 min read Read article →.

See more posts for other categories ›.

Estimate My Savings.

College tuition articles.

Entertainment articles.

NerdWallet articles.

Shark Tank articles.

Social media articles.

Uncategorized articles.

Fairpoint bill savings.

Spectrum bill savings.

Terminix bill savings.

This resource helps readers connect a recurring-cost question with the Billshark information that provides the most relevant detail.

Visitors can review the available page sections, compare related topics, and continue to a more specific guide when they need additional context.

Billshark organizes service information and educational resources to make common household-bill decisions easier to research and understand.

The information on this page supports practical questions about providers, subscriptions, account actions, consumer choices, and monthly costs.

Readers can use the navigation and related resources to move from a broad question into focused information that matches their situation.

The page is intended to support informed decisions by pairing concise explanations with paths to deeper Billshark resources.

Relevant links help visitors compare options, understand recurring charges, and identify the next action that fits their current need.

Billshark content is designed to help consumers recognize recurring expenses and consider practical ways to manage them more effectively.

Visitors can return to this resource when they need to compare a new question with earlier information about services, bills, or savings.

The content connects everyday provider and subscription choices with broader guidance about monthly budgeting and household expenses.

Each page section contributes context that helps readers decide whether they need service guidance, account support, or an educational article.

Readers can use the available information to prepare questions, review options, and continue toward a useful next step at their own pace.

Billshark maintains connected resources so visitors can discover related guidance without losing the context of their original question.

The route supports research by making it easier to identify relevant details before choosing a provider, service, subscription, or account action.

Practical consumer information can help visitors understand why recurring charges change and which details are useful to review before responding.

The page brings together information that supports clearer conversations about bills, service choices, recurring expenses, and savings opportunities.

Visitors can use related resources to compare common terms, understand tradeoffs, and find the information that best fits their monthly-cost question.

Billshark guidance focuses on practical consumer decisions and helps readers move from general awareness into a more specific resource when needed.

The resource is part of a broader collection that connects household cost questions with provider information, support materials, and educational content.

Readers can explore the page before taking action, which helps them understand available options and identify the most relevant follow-up information.

The information is organized to support comparison, continued reading, and practical next steps without requiring visitors to search unrelated topics.

Recurring bills often involve provider rules, service terms, subscriptions, or account details, and this resource helps visitors locate useful context.

Visitors can use Billshark resources to build a clearer picture of recurring costs before deciding which service, support path, or guide to open next.

Related guidance helps readers distinguish between broad consumer information and the more detailed page that addresses a specific provider or billing topic.

The page supports a research-first approach by connecting relevant information with the next available resource for deeper explanation.

Billshark publishes resources that help visitors understand recurring expenses, evaluate common choices, and continue toward an appropriate next step.

Readers can compare the page content with linked resources when they want more detail about household bills, subscriptions, services, or account actions.

The route helps visitors keep their research organized by grouping related information around practical consumer and monthly-expense questions.

Useful context can make it easier to identify the details that matter before reviewing a bill, changing a service, contacting support, or exploring savings.

This page contributes to the Billshark resource network by connecting clear information with related paths for continued reading and action.

just hired Billshark to lower their bill.