10 Do's and Don'ts During COVID-19

posted 11/5/2020 in Personal Finance

Our team at Lincoln Savings Bank has been fielding a wide range of questions as we continue to move through the COVID-19 pandemic. Along the way, we’ve put together a few do’s and don’ts - some fun, some serious - to help you navigate these ongoing changes. As always, if you have any questions about your personal or business banking, please give our team a call at 800-588-7551. 

1. DON’T hoard toilet paper or excess food. 

Stocking up seems to be a common reaction throughout the COVID-19 pandemic. However, the FDA is still recommending shoppers keep a 1-2 week timeline in mind to help prevent supply shortages. Since we began seeing the effects of COVID in March, Americans have also started to expand their culinary knowledge, creating more detailed lists before making a trip to the store. These lists help households determine weekly meals along with a list of the supplies they need to get through the week. By being cognizant of your purchasing habits, (and refraining from purchasing a mountain of TP) you can help safeguard your community from vacant shelves and an impeded supply-line.  

2. DO continue banking as normal with mobile deposit, online banking, ATM's, and drive-up windows. 

While we at LSB are limiting contact between employees and customers, we are still the bank you know and love ready to serve your needs. Whether you’re looking to make a payment, transfer money, or speak with a lender, our team is committed to serving you during this trying time. The CDC is recommending the use of digital wallets and other digital payment methods rather than cash, as cash tends to carry a great deal of contamination. Thankfully, our LSB debit cards are tap-to-pay equipped and digital-wallet friendly. 

Additionally, Lincoln Savings Bank is a part of  Shazam's Privileged Status Network, connecting LSB customers with over 4,000 surcharge-free community bank ATM's across the United States. 

3. DON’T beat yourself up over productivity. 

While learning a new hobby is a great way to pass the time, Americans across the U.S. are dealing with daily changes to their pre-COVID routines and realities. Processing the stress of these changes, compounded with the direct health effects of the COVID-19 virus, can be a frustrating experience. Remember to give yourself some much-needed credit for remaining calm amongst the chaos and committing to do your part to slow the spread of the virus. While this historic event in history will be remembered for generations to come, thankfully, no one will recount the piles of laundry that took an extra day to do or the number of times The Office was played at the end of a long day. 

4. DO stay connected. 

While catching up in-person is still not highly recommended, enjoying weekly conversations via phone or video can help you stay rooted with those you love. Online connectivity has been a source of friendship for many since March, with platforms like Tik Tok growing amidst the worldwide pandemic. This digital connection has helped millions of users continue to grow and relate throughout the ups and downs of this year. Whether it’s laughing over a shared memory, learning an exciting skill, or simply seeing a painting that makes you smile, these connections help keep people going. Platforms like Tik Tok and other social media, offer us insight and information into how we’re all moving through this year together.

5. DON’T travel more than necessary. 

Countless Americans have had to cancel or delay their travel plans for the foreseeable future. While we continue to adjust our plans for 2020 and 2021, it's sometimes refreshing to remember, we’re not in this alone. Join others online and start creating Google Lists of where you’d like to go when travel re-emerges in the not-too-distant future. Invite friends and family to Pinterest idea boards and begin compiling inspiration for all the adventures you’ll take together when the time is right. While 2020 may not have been the year to see new places, this early preparation will give you a leg up for 2021 and beyond. 

6. DO stop dating in person, for now. 

For those who are single, self-isolating can be a lonely experience. While utilizing apps like Tinder, Bumble, and Hinge can be great for meeting new people online and in-person, perhaps for now they can be adopted to start meaningful conversations to elevate those in-person connections at a later date. 2020 is the perfect time to revive old dating rituals like 3-hour text conversations, inside jokes, and meme contests. There are countless COVID love stories that have proved love can come even in the most bizarre of circumstances.  

7. DON’T get too close.  

While the COVID-19 virus has the potential to be spread by touching surfaces, we now know it’s most actively transmitted through particles in the air. By continuing to wear a mask while in public and practicing safe social distancing, you can continue to do you part to help slow the spread. Thankfully, those within a COVID bubble are typically deemed safe to interact with unless someone begins showing symptoms. Whether you live with roommates, family members, or a fun-loving pet, it’s great to have others close by to connect to without stretching too far outside your COVID comfort zone. 

8. DO make financial payments when possible. 

If you have mortgage payments, car loan payments, rent, and/or utility payments, it is recommended to continue making those payments if you are able. If you find yourself in a situation where you can’t make your payments, contact your creditor, bank, or utility company immediately.  Companies understand that the extenuating circumstances we are experiencing during this unprecedented time are creating financial hardship for many.  Most companies are compassionate and will do what they can to work with you on alternate payment options. 

9. DON’T forget to document your 2020 experience. 

In five, ten, and twenty years in the future, the world will look back on 2020 and remember. We will recount stories of hardships and triumphs, tales of creative endeavors, and memorable connections, each of us personifying the experience we witnessed. Whether your world is moving along or turning upside down, find a space in your life to document it. This could be in the form of journaling, artwork, or social media; however, works best for you. Living through this historical and life-altering pandemic is something people around the world will share for generations – make sure to document the stories you want to be remembered.  

10. DO have compassion and empathy.

Unfortunately, this global pandemic is going to temporarily cause a great deal of confusion and conflict. Taking a step back, a minute to breathe, or a moment to think can help you deal with the stress of a situation and become more productive during daily conversations. It often helps to remember that we are all coming from a place of frustration when it comes to COVID. While we each may convey that frustration in different ways, responding to confusion and conflict from a place of compassion and empathy can help to convey a sense of calm and safety within an ongoing stream of chaos.

With these ten do’s and don’ts in mind, we feel better prepared to weather this pandemic and intermittent isolation together. Because together, we can do anything.   

For additional insight into the bank’s ongoing COVID-19 response efforts, please check our social media channels, and website homepage.

Lincoln Savings Bank. Member FDIC. Equal Housing Lender. NMLS #480330
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