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Coronavirus resources

Our focus at MyWalletHero is on your finances. In this time of concern and uncertainty, many of our readers have questions about how to best handle their finances as the coronavirus pandemic impacts jobs, financial markets, and whole economies.

Our team at MyWalletHero and Motley Fool UK are here with ongoing coverage to help you mind your finances during this time…

Our ongoing coverage

Stay home, stay safe, stay healthy

Of course, our finances are only important if we are all staying safe and healthy. Preventing the spread of the virus is key, so we should all be mindful of following government advice.

As MyWalletHero is not a source for health information or breaking news coverage, here are our team’s top resources for keeping up on breaking developments and the best health advice:

Keeping financially healthy in turbulent times

Managing your finances during a time like this is challenging. There are few one-sized-fits solutions, since we’re each in our own individual situation.

However, here are a few things that we all should keep in mind:

  • Don’t panic. This may be easier said than done at a time like this. But when it comes to your finances, panic usually leads to poor decisions.
  • Understand your financial position. Good advice for one person during a challenging time may be terrible advice for another. Be wary of enacting any advice before considering whether it really fits your personal situation.
  • The ‘rules’ still apply. The world seems upended right now, but the basics of good financial management still apply. That is, continue to mind basics like being prudent with spending, being wary of debt, and not making rash decisions.

The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. The Motley Fool has recommended shares in Lloyds, Tesco and Barclays.