Along with government payments, there are a lot of free resources out there for financial victims of the coronavirus. It’s no secret that the coronavirus (COVID-19) outbreak isn’t just a health crisis, it’s a financial one too.
As job losses hit record highs, and savings and super go the other way, many of us are struggling to hang on. In the current climate, not taking the wrong steps is just as important as taking the right ones.
Three financial moves you shouldn’t make.
Many businesses – especially ones whose business models were already dubious before the pandemic hit – have sunk even lower in an attempt to exploit the crisis.
The list of usual suspects would certainly include buy now, pay later schemes, payday lenders, and consumer lease businesses.
1. Don’t use a buy now, pay later service.
2. Don’t take out a payday loan.
3. Don’t rent something with a consumer lease.
To find out “Eight much better financial moves” check out the full article by clicking here.
SOURCE – CHOICE.COM.AU – ANDY KOLLMORGEN