Here's what you can do if you're panicking about the Coronavirus

Here's what you can do if you're panicking about the Coronavirus

Assessment

Interactive Video

Life Skills, Business

University

Hard

Created by

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FREE Resource

The video discusses strategies to manage stress during market downturns, emphasizing the importance of not obsessing over account balances and instead focusing on long-term financial health. It highlights the benefits of exercise for both physical health and financial savings, advises against retail therapy, and stresses the importance of budgeting. The video also encourages checking in on elderly relatives during health crises, managing debt effectively, and increasing retirement investments. Maintaining a calm mindset is crucial to avoid irrational decisions.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some common expenses that individuals can cut to improve their financial situation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What should individuals do to manage their debt effectively?

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