Coronavirus Cash Crisis: Should I Keep Paying Down My Debt?

Coronavirus Cash Crisis: Should I Keep Paying Down My Debt?

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses strategies for managing debt during the pandemic, emphasizing the importance of covering minimum debt payments due to the uncertainty of when normalcy will return. It advises against accelerating debt payments unless one has a stable job and a healthy emergency fund. The video also highlights the need to understand the specifics of debt payments, such as whether payments go to the principal, to make informed decisions based on one's financial situation.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors should be considered before deciding to pay off debt more aggressively?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

How can individuals assess their income security when making debt payment decisions?

Evaluate responses using AI:

OFF