The covid-19 pandemic has caused many people to have a crisis in their financial situation. However, not everyone is feeling the pinch. Not yet, at least close to a quarter of the population of the United States affirmed that the difficult crisis generated by covid-19 did not affect it did not affect your finances.

According to a survey by JD Power carried out on April 10, 11 and 12. However, this figure may change with possible wage cuts by companies. Also, if companies lay off workers or halt 401(k) programs as they struggle to adjust to the so-called new normal.

Those who have the opportunity for financial stability right now should use that time of social distance to focus on getting out of the crisis in the best possible way.

Here are four tips that can help you reorganize while you're home.

4 tips to reorganize your financial situation

 1. Turn your expenses into savings

His car is stopped. He can't go to CrossFit or yoga. Your coffee is now prepared at home. As well as daily meals. This money you are saving could be eaten (literally) by your hungry children back home this time too.

If you don't have children, use this money to build up your emergency reserves. In a way, you would have three to six months worth saved in your emergency fund. If you feel intimidated, start with a single month, then increase to two and go from there.

If you already have a healthy emergency fund, you can use this money that you would normally spend on things like commutes, gym memberships, or travel to pay off debt or build your retirement fund.

2. Increase your 401(K) contributions

If you don't have a lot of credit card debt and have a solid emergency fund, consider increasing your retirement savings.

If you were already planning to maximize 401(k) contributions this year, doing so at a time when prices are low will increase your returns when the market eventually rebounds.

3. Save money on your mortgage to maintain your financial situation

If you're a homeowner, run the numbers on the refinance. You may be able to minimize your housing costs due to lower interest rates. Even new homeowners could benefit.

Well, mortgage rates are one percentage point lower now. Rates that are lower indicate a higher demand for refinancing. It can be even more difficult to qualify than a few months.

 4. Give back to your community

This advice will technically not improve your financial situation, however it will make a big difference to the community where you live. If you are still financially healthy during the pandemic period, support small businesses.

Donate to food at your local aid bank. Support the people most affected by the financial crisis we are experiencing.

Read More: In uncertain times, prepare your financial situation in a few steps

At a seemingly glacial pace, Americans are shifting their attention from the health aspect of the COVID-19 crisis to their household finances. In doing so, many financial consumers don't like what they see. According to a recent study by Resonate, a data marketing company, 80% of respondents say they are most concerned about their personal finance at this time (5,000 Americans were surveyed by the company).

Additionally, Resonate reports that…

61% of consumers say their spending has decreased as a result of the COVID-19 situation.
34% of people are less likely to remodel or renovate their homes.
The 32% is less likely to buy a house.
24% are less likely to ask for a personal loan.
20% are less likely to leverage new financial services.
With so many US households taking a closer look at their spending habits during the pandemic, what steps might Americans take when they finally start to cut back?

Financial experts point to these budget tightening strategies, for now and for the long term:

Prioritize needs over wants. As you reflect on what expenses to cut, you are likely to see some household budget items for your personal finance, that you like but that you can do without.

Cuts of all categories. When cutting expenses, people's natural tendency is to focus on which category of expenses they can afford to cut.

Read More: 4 ways to organize your personal finances quickly

"The best approach, though, would be to cut all household expenses equally, so you don't feel the sting," said Freya Kuka, founder of the blog personal finance Collecting Cents. “In other words, don't cut an entire category from your budget because you're just going to inevitably end up underperforming. Find ways to cut expenses in each category.”

– Top retirement fears and how to deal with them

Save money that you are not spending right now. Americans are home and not going anywhere yet, so it's easier to cut household expenses during lockdown.

The year 2020 has given rise to the "challenge of the 10 years» on social media, where people make their friends laugh by posting a photo of their younger (often thinner) selves alongside one from today.

10 years They can make a noticeable difference to your waistline, your hair, and your fine lines, but what about your bottom line?

I'm fatter than it does 10 years (the diet has already started) but at least my finances are in much better shape. Chances are yours are too.

Those of us who started the last decade with assets—think property, pensions, and stock portfolios—have seen their value rise thanks to financial stimulus from central banks around the world. Global stock markets have broken record after record, creating the first trillion-dollar companies.

British retirement savers have much greater control over their financial future thanks to pension freedoms, introduced half a decade ago.

But on the other hand, a decade of low interest rates has been terrible for cash savers and it's harder than ever to climb the property ladder.

So if you're inspired to do a financial exercise this weekend, where should you start?

I only check my stocks and Isa stocks a few times a year as I don't want to get into the habit of over trading. The last decade has been brilliant for people like me, investing in low cost tracker funds. But mentally, I am preparing for the downside that must inevitably come.

I'm not planning on touching the money inside my Isa until I'm sixty years old or older. My focus for this year (as a journalist and investor) is how to develop a more active strategy moving forward. This may or may not involve choosing actively managed funds – I tend to prefer mutual funds – but I recognize that taking a more value-oriented approach is going to mean spending more time managing my investments.

After completing a financial inventory, I definitely feel more prepared for the year ahead. But I also like to think that it helps prepare me for the decades to come.

Another (as yet unanswered) question for the coming year and decade is how green my investments should be. I don't like the ESG (environmental, social, governance) label, but the impact of climate change is something every investor should consider.

My 24-year-old stepson is cheering me on, as he wants to reposition his own investments for the greater good (“What do you think of this ESG Claer fund – is it just greenwashing?”)

My system for setting and tracking my spending priorities and savings goals hasn't changed much in the last decade; what has changed is the financial technology at our disposal.

Does 10 years I was banking online, via a laptop, but now I can manage multiple accounts and even pay by check from my smartphone.

The rise of app-based digital challenge banks is keeping legacy banks on their toes: it's never been easier to control your spending with free budgeting and alerting tools.

And check out contactless payments. My bank statements are several pages longer than they were a decade ago, as many more transactions are recorded, but this makes it easier to keep track of my spending.

A few clicks on the My Main Checking app can reveal the cumulative effects of good or bad habits throughout the year. How much have I saved on my Isa? And how much did I spend on Uber?

I find that looking at the yearly total gives you the incentive to lower (or cap) the monthly total. And after the excesses of Christmas, January feels like a good time to rebalance the budget and look for savings.

Start with your mortgage lender. If you have a good level of equity in your home, switching to a lower rate agreement could potentially save you hundreds of pounds per month. If those savings are invested in your new mortgage payment, you could reduce debt for years without even noticing a difference.