The best thing to do is to take a look at where you’re. What do you have in your checking, what bills do you have coming up over the next month and do you have enough allocated for them,” says a financial advisor for BMS Financial Advisor, Jarrett Apa.
If you’re falling behind on your bills, the best thing to do is communicate with the companies.
“Pretty much out there willing to give some assistance. Especially with mortgages doing that 90-day deferral. If you must do that, then I would say it’s a good way to make sure you have money for some of those other bills,” says Apa.
The financial advisors also recommend not touching your retirement plan.