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How to Financially Survive the Coronavirus Pandemic

Ever since the Coronavirus pandemic struck, we’ve all been trying to find ways to make due–to simply survive.

Many people are working on reduced hours or have been laid off indefinitely. It’s vital that we find immediate ways to navigate this new unfounded territory. Here are some tips on what you can do to better weather the COVID19 storm.

business closed due to coronavirus pandemic - how to survive

Apply For Unemployment Benefits or Coronavirus Disaster Assistance

First things first: If you have been furloughed, laid off, or your hours have been reduced, apply for unemployment assistance. If you’re in Texas, you may apply for Texas unemployment benefits here.

This is one of the most common ways to supplement income for a large majority of people. Those that are self-employed or working as freelancers may also qualify based on certain stipulations.

how to survive the coronavirus pandemic

Apply for a Student Loan Forbearance

If you won’t be able to make that student loan payment, be sure to call your current loan service. They can let you know if you qualify for an emergency forbearance or student loan deferment. You may be able to reduce the monthly amount due or to even forgo the payment complete for the next upcoming months.

Cut Out Any Non Necessity Expenses

Look through your bank statements to determine what payments are coming out and if you can do without those services.

cut out nail appointments to survive coronavirus pandemic

End all unnecessary subscriptions that you may have. Think about the typical recurrent billing memberships:

  • Nail Appointments
  • Hair Appointments
  • Gym Memberships
  • Tanning Memberships
  • Radio Subscriptions
  • Extra TV Add-ons
  • Monthly Beauty Boxes
  • Magazines

I ended my Sirius XM radio subscription and put my LA Fitness membership on a temporary freeze. I debated ending my Amazon Prime membership, but nahhh. I’m enjoying Prime Movies too much. You’ll quickly realize how little changes like these will start to add up and save you a great deal of money in the long run.

See What Companies Are Doing For Customers Affected by Coronavirus

See if companies are offering discounts, credits, or other perks. Some car insurance companies are giving customers back the full premium payments that they’ve made in recent months. My insurance company, USAA, is giving a 20% credit on the two upcoming monthly payments. Check around to see what companies you are affiliated with are offering. Every little bit helps in tough times like these.

Also, consider notifying your car insurance about the fact that you’re not currently driving as much. Since the Coronavirus has us all on lockdown, there is a lot less liability. Less liability might mean lower monthly payments from you.

survive the covid19 pandemic

Hardship Exceptions May Help Your Survive Coronavirus Pandemic

Additionally, some companies offer hardship exceptions, programs, and grants. I’ve seen this before with utility companies. It’s as easy as making a call into the company and explaining your situation.

Internet service providers are offering free internet to those with low income or those that have filed for unemployment. My electric company, 4ChangeEnergy is offering a pandemic assistance program that will cover your full electric payment if you can’t make it. Find more on the Coronavirus Pandemic program details here.

how to survive coronavirus pandemic

How are you Surviving The Coronavirus Pandemic?

Are you doing anything we haven’t already mentioned? Ultimately, we can weaken the COVID19 burden by tackling it head-on together.

Let us know in the comments below.

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How To Survive the Coronavirus Pandemic – Final Rant



  1. April 14, 2020 / 11:44 am

    This is a good list. I have been contemplating braiding my own hair lately. Let’s see what happens. Hopefully I’ll be able to.

    • finalrant
      April 21, 2020 / 2:06 am

      Okayyyy! Better get it done while you can. lol

  2. Valerie
    April 14, 2020 / 1:01 pm

    I love all of these tips. Although my job and income has not been affected by this pandemic, I have taken steps to lessen some of my unnecessary expenses.

    • April 20, 2020 / 7:35 pm

      I have implemented some of these sensible strategies because we really do not know when this will be over. Stay safe.

      • finalrant
        April 21, 2020 / 2:11 am

        Right… Uncertainty is one of the scariest factors of all of this. You are so right.

    • finalrant
      April 21, 2020 / 2:07 am

      Thank you for stopping by! You are truly blessed. There are a lot of people hurting right now…

  3. April 14, 2020 / 3:36 pm

    I did this before the COVID, but shopping in your own pantry and creating meals with what you have, only buying a few items has been a big help at keeping my grocery bill down, as has online shopping with the grocery store directly so that I can take advantage of sales.

    • finalrant
      April 21, 2020 / 2:09 am

      Yes maam! I’ve been doing alot of cooking lately. It’s not as bad as I would’ve imagined… We’ve been doing a lot of grocery store delivery apps, that’s helping us stay out of the stores.

  4. April 20, 2020 / 2:48 pm

    It’s been a challenging time, but I’m thankful I’m still heading into work everyday. Stay safe!

    • finalrant
      April 21, 2020 / 2:11 am

      It really has. I’ve been laid off due to Covid 19, but I’m still very blessed. This time has reminded me to be both humble and thankful!

  5. April 20, 2020 / 11:18 pm

    I think spending less will go a long way but I’m not sure loans are a great idea. What happens when one can’t pay back?

    • finalrant
      April 21, 2020 / 2:12 am

      Yes, it will. I definitely don’t recommend starting up new loans, but I meant for those that have existing student loans.

  6. April 21, 2020 / 1:13 am

    I was furloughed recently, and having to cut way back. Luckily enough my auto loan company was able to give me a forberance for 3 months. I’m hoping it cell provider will do the same. There are some awesome tips for dealing with finances.

    • finalrant
      April 21, 2020 / 2:13 am

      It’s good to see companies showing some leniency with deadlines. I’m sure your cell phone will do the same. Thank you for dropping in!

  7. April 21, 2020 / 5:11 am

    I like your tips in finding ways to get a leeway to some things. As well as foregoing those that are non-essentials for now.

  8. April 21, 2020 / 10:37 am

    I’ve applied some of these strategies.
    I pray that this situation will soon pass

  9. Shar
    April 21, 2020 / 11:24 am

    I agree that one should cut unnecessary subscriptions (such as gym fees). But, at the same time, one should also maintain fitness activities… stay healthy while staying home.

  10. April 21, 2020 / 12:17 pm

    True. We should avoid spending on unnecessary things, and just save our money for emergencies. Thanks for coming up with this helpful post!

  11. April 22, 2020 / 5:56 am

    Such great tips! I have cancelled my unnecessary subscriptions already. I have been impacted hugely by this pandemic.

    • finalrant
      April 26, 2020 / 5:20 am

      I’m sorry to hear that! I hope these tips really help out.

  12. April 22, 2020 / 1:02 pm

    Many people across the world are having a difficult time financially due to the corona virus. I have had a reduction in hours in my industry but have been fortunate enough to have a savings account to fall back on.

    • finalrant
      April 26, 2020 / 5:19 am

      Very smart! Stay safe, Amanda!

  13. April 23, 2020 / 6:21 am

    I’ve definitely taken some of the steps you’ve outlined in order to be more financially secure during this pandemic. Stay safe Dana!

    • finalrant
      April 26, 2020 / 5:18 am

      No problem! Thanks for dropping in!

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