You’re being bombarded with information right now: how to wash your hands, how to safely buy food, how to socially distance with your friends, family and co-workers. But don’t ignore the how to’s when it comes to managing your money during a crisis.
Use your First PREMIER Bank credit card responsibly to help get you through cash flow shortages and don’t forget about all the great tools PREMIER has to help manage your account and your finances. Download our mobile app through the App Store or Google Play to check your account 24/7 and monitor purchases. Use our convenient payment reminders so you don’t miss a payment and incur additional fees.
Assessing your emergency savings fund is an important step right now. If you haven’t established one yet or it’s not as large as you need, read our PREMIER Perspectives blog post, Building Emergency Savings to learn more.
Check government programs to see what you may qualify for. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, launched in March 2020, provides extended unemployment benefits in response to the COVID-19 pandemic. To learn more, visit https://www.dol.gov/coronavirus/unemployment-insurance.
Managing your budget is crucial. Look at ways to reduce your spending. It doesn’t have to be drastic; small steps add up to big impacts. For example, making your morning coffee at home just one day a week is a small, easy step you can take towards saving. Want something bigger? Examine your subscriptions and memberships – the gym, streaming services, beauty and fashion boxes – and see if you really need to keep them active during this time.
If you’re experiencing hardship, we encourage you to reach out to us at 1-800-987-5521 for help with your First PREMIER Bank credit card account.
This information is presented for educational purposes only. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.