While those are important tips to keep in mind during a chaotic economic time, there actually are some other things that experts wish you would do with your money right now.
Stay the course
You've probably read that now isn't the time to pull all of your money out of the market, so the opposite of that would be to keep investing.
Rebalance your budget
Whether you're invested in the stock market or not, are continuing to get a paycheck throughout all of this or not, it's likely everyone will be impacted at least in some small way by what's happening right now.
"When the markets recover and they will, despite the fact that we don't know when we want our families to be solvent and capable of dusting ourselves off and moving forward without being burdened by unwelcome debt," she said. Part of rebalancing your budget should also include revisiting your emergency savings fund to ensure you have enough liquid cash.
For example, if your job is the sole source of income in your house, and you work in an industry like retail or travel that has a heightened risk of layoffs, it may take you longer than three to six months to find a new job if you were to get laid off.
"With that in mind, do what you can now to cut expenses and save as much as you can in preparation," Panko said.
Max out your 401(k)
Reconsider that home equity line of credit
Although the renovations that you were going to use the HELOC money for aren't likely to happen in the very near future, if you were considering a HELOC or taking out a second mortgage, now might be the time to investigate your options.
"The cost for borrowing money in a home equity line has decreased with the drop in interest rates," said Betts.
Help out where you can
If you're in a position to be less worried about your finances than others, now is the perfect time to figure out where you can pitch in.
"For those of us who can cut our budgets and spending and realize we have money to offer, we should figure out in our own communities how to offer support to those in need," said Ballou. "Free food and delivery, cash to pay bills, assistance with learning technology to be able to homeschool our children be practical and be helpful locally and that's how we'll all get through this."
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