9 money strategies to get you through the next COVID lockdown
9 money strategies to get you through the next COVID lockdown

As cooler weather hits northern parts of the U.S. and leads people to spend more time indoors, COVID-19 numbers are rising — and are prompting talk of new lockdowns to control the spread of the coronavirus.

Officials in New York already have clamped down on parts of Brooklyn, Queens and two suburban counties where new outbreaks have been surging.

That more widespread lockdowns that shut down millions of U.S. businesses during the spring pushed the nation’s unemployment rate to 14.7%, which was the highest since the Great Depression.

Many Americans have gone back to work, but new lockdowns — even smaller, more localized — ones could spell trouble for workers still feeling drained after round one.

But you have time to prepare if Americans are asked to hunker down again. Here are nine things you can do to protect your finances from a second lockdown wave.

1. Keep saving

money, home, finance and relationships concept - close up of couple with piggy bank sitting on sofa
Syda Productions / Shutterstock

As the first wave of the pandemic swept over the country, the one piece of financial advice that just about every expert agreed on was that every consumer should build an emergency fund.

Apparently, people listened. In April, the personal savings rate — the percentage of disposable income that people are setting aside for the future — in the U.S. soared to 33%. That’s the highest it’s been since the Bureau of Economic Analysis began tracking it in 1959.

If you managed to preserve your emergency fund during the initial lockdown, try to keep making regular contributions. As long as they’re stashed in a high-yield account, your savings will continue to grow at a significant rate, leaving you more to fall back on.

2. Shore up your credit score

If a second lockdown puts your job

Press release content from Newswire. The AP news staff was not involved in its creation.

NEW YORK – October 5, 2020 – ( Newswire.com )

The insurance industry has received a major wake-up call in the form of the recent digital transformation accentuated by the coronavirus pandemic. Insurance agencies, carriers, and brokerages have been forced to revamp outdated websites and optimize online marketing channels to reach target audiences through digital content. Insurance companies in need of new targeted channels for strategic distribution select Newswire’s Financial Distribution Platform to reach new customers during this unprecedented time.

Insurance companies have relied far too heavily on print marketing collateral throughout the 21st centuries, and as Kathleen Booth of iMPACT.com stated, “…agencies need to create more digital content.” Beyond the creation of said content, insurance agencies need to distribute this information effectively to uncover opportunities with key financial outlets. 

“Content strategies need to be prepared in such a way that reporters and journalists from relevant outlets understand the immediate potential in your company news. With Newswire’s Financial Distribution Platform, insurance agencies can target a larger audience and reach more prospective customers,” said Charlie Terenzio, Newswire’s VP of Earned Media Advantage Business.

Insurance C-suite executives and teams can reach millions of potential readers by distributing company news on Yahoo Finance, as well the most popular global financial websites available on-demand, such as Morning Star, Market Watch, and The Street. 

“With Newswire, executives can deliver news directly to investors, analysts and financial community,” said Anthony Santiago, Newswire’s VP of Marketing. “This allows insurance agencies to maximize their influence across their own industry as well as global investors.” 

Insurance companies continue to leverage Newswire to enhance their distribution efforts to generate greater viewership and qualified leads through consistent communication campaigns. 

Learn how

Three of the most prolific enterprise blockchain builders shared a virtual stage last week as they delved into the inner workings of how they use the technology popularized by bitcoin. Unlike your typical blockchain and cryptocurrency event, the trio—Mariana Gomez de la Villa of Dutch bank ING Group, Jennifer Peve of the Depository Trust & Clearing Corp. (DTCC) and Xue Wang from the second-largest bank in the world, China Construction Bank—spoke directly to senior-level executives at some of the largest companies in the world, sharing best practices on how to use the technology that some believe is a threat to their very survival.

The panel, Enterprise Blockchain Leaders: Tales From The Crypto, was just a small part of a larger event hosted by Forbes about our annual Blockchain 50 list of billion-dollar companies investing serious capital in the technology, and the platforms they’re using. 

Ripple chief architect David Schwartz joined Axoni founder Greg Schvey and Hyperledger vice president Daniela Barbosa to talk about best practices of the companies they’ve seen building on their platforms, followed by a chat between ConsenSys founder Joe Lubin and R3 cofounder Todd McDonald about how the platforms their companies build on—Ethereum and Corda respectively—could change the very fabric of what central banks consider money.

Beyond the management tips though, two executives shared never-before-seen documents about how they vet projects and manage stakeholders, and every company has either already given away the code at the core of their projects or plans to do so. Since blockchain is only as

The MarketWatch News Department was not involved in the creation of this content.

Sep 30, 2020 (Market Insight Reports) —
Selbyville, Delaware Market Study Report, has recently added a report on the ‘Travel Insurance market’ which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.

Request Sample Copy of this report at: https://www.marketstudyreport.com/request-a-sample/2790742/?utm_source=Marketwatch&utm_medium=SHR

Global Travel Insurance Market is valued approximately at USD 15.60 billion in 2019 and is anticipated to grow with a CAGR of 14.44% over the forecast period 2020-2027.

Major market player included in this report are:

  1. Allianz SE (Germany)
  2. Munich Reinsurance America (US)
  3. American Express Company (US)
  4. Travelex Insurance Services (US)
  5. Bajaj Finserv Limited (India)
  6. China Pacific Life Insurance Co., Ltd. (China)
  7. MS&AD Insurance Group Holdings (Japan)
  8. Munich Re Group (Germany)
  9. Ping An Insurance (China)
  10. Prudential Financial, Inc. (US)

The detailed segments and sub-segment of the market are explained below:

By Insurance Cover:

  1. Single Trip Travel Insurance
  2. Annual Multi-Trip Travel Insurance
  3. Long-Stay Travel Insurance
  4. By Distribution Channel:
  5. Insurance Intermediaries
  6. Insurance Company
  7. Bank
  8. Insurance Broker
  9. Insurance Aggregator
  10. Others

By User:

  1. Senior Citizens
  2. Education Traveller
  3. Backpacker
  4. Business Traveller
  5. Family Traveller
  6. Fully independent Traveller

By Region:

  1. North America
  2. S.
  3. Canada
  4. Europe
  5. UK
  6. Germany
  7. Asia Pacific
  8. China
  9. India
  10. Japan
  11. Latin America
  12. Brazil
  13. Mexico
  14. Rest of the World

Tourism accounts a significant share of International Trade services with rise in the number of international tourists worldwide. For Instance: As per data from United Nation World Tourism Organization, in the first half of 2019, 4% rise in the number of international tourists travel worldwide has been noticed. Such tremendous rise in the tourism industry over the years

2020 has been a hard year for many, and as you are now entering the last quarter of the year, you may be having a closer look at their personal finances. If you are looking for ways to get into a better financial position before the end of 2020, there’s still time. We have three months left and as we all know, 2020 is capable of producing anything.

There’s still time to turn 2020 around and end it in a better financial position. 

Top 5 strategies to eliminate your debt:

1.    Create and follow a budget

Budgets are a great tool to help you live within your means. To live within your means, you need to be spending less money than what you are bringing in. Budgets help you plan your monthly expenses and determine how much you have leftover at the end of the month to either spend, reinvest, or pay off debt.

But having a budget isn’t enough. You need to use that budget and monitor your financial activity throughout the month or the actual budget will pretty much be useless. So regularly monitor your financial activity throughout the month and if you find you are getting close to your budget then it allows you to pull back your spending and ensure you have money left over at the end of the month to do as you should with it.

2.    Cut unnecessary costs and/or bring in more money

It’s always the first instinct to cut expenses, ensure that you are saving money. This is a great strategy, but another great strategy to consider is to make more money. If you’re an entrepreneur have you