The Coronavirus known as COVID-19 has changed the world’s day-to-day life. The future is uncertain in terms of health and social interaction. One of the biggest concerns many face is financial stability. One in five American households are out of work because businesses are closing, and the stock market is becoming increasingly volatile. Because of this, income insecurity is turning into a very real problem.

However, there are elements that you can control to feel more stable in a time of instability. These tips for managing finances can help you to survive a recession while setting yourself up for success in the future.