2020 has already been an extremely challenging year in terms of personal finance. There are many challenges ahead for both short- and long-term financial goals. But when it comes to your money, knowledge is power. Where to begin? These websites provide excellent resources with up-to-the-minute information on every area of personal finance.
The Consumer Financial Protection Bureau's Protecting Your Finances During the Coronavirus Pandemic provides resources such as mortgage relief options, dealing with debt, protecting your credit and how to file a complaint. Tips for Financial Caregivers addresses financial concerns for caregivers responsible for either elderly adults or those with disabilities. If you need to submit a complaint, the bureau's hotline, (855) 411-CFPB, has staff who can speak to you in 180 languages.
The Federal Trade Commission's FTC: Coronavirus Scams, Part 2 details many of the latest scams. Among those highlighted are scams targeting people over 60, and small businesses. A section on charitable giving helps you discern whether an organization is legitimate. For more on scams, check out our blog post Avoid Coronavirus Scammers: Cybersecurity Resources.
Financial Industry Regulatory Authority's Financial Peace of Mind in the Age of Coronavirus provides a security helpline for seniors, (844) 575-3577. Think you may have been treated unfairly by a financial company or individual? You can file a complaint electronically. Been contacted by an advisor interested in having you as a client? Use Broker Check to check the background of an investing professional or firm. Check out additional resources providing step-by-step instructions to set your financial goals, control your spending and manage your debt.
Check out additional resources provided through the FINRA Foundation's SaveAndInvest.org. Videos and games provide informative and entertaining activities for kids through adults.
At TerrySavage.com, syndicated columnist, commentator and bestselling author Terry Savage provides excellent resources to assist you with your financial well-being. Ask Terry a Personal Finance Question is updated daily with relevant information about investing, the markets and personal finance. For more expert advice from Terry, check out one of her eBooks or eAudiobooks.
How are you saving money in 2020? Share your thoughts in the comments.