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Technology in the Healthcare Business

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The healthcare industry has gotten an exorbitant amount of attention in recent years, with media rightfully documenting the horrors of what’s taking place in the nursing homes and elder care centers. Nadia Kiderman has been a vocal advocate throughout, given what the intense scrutiny of these elder care centers has unearthed. The patient neglect; the archaic methodologies and lack of proper technologies in so many of them is deeply disheartening. 

There needed to be a public light shone on this horror show well before the Coronavirus pandemic even began. Unfortunately, lawmakers and others failed to oversee and regulate the elder care industry more broadly for the last decade. It’s not just nursing homes that were immune from this sort of oversight, regulation and scrutiny. It’s all forms of elder care facilities that were catering to the elderly, our population and society’s most vulnerable. And of course, the population most vulnerable to God forbid contracting the Coronavirus. 

But this population was never taken care of properly. As mentioned, elder care industry as a whole let down society and this population and its family members. Residents from across various backgrounds – racial, ethnic, social and religious; were let down through this pandemic. But this didn’t start yesterday. Besides for nursing homes these issues were and are prevalent in the assisted living facilities; and other elder care centers. 

Nadia Kiderman on Facebook has written about these issues. Her views are strong on this particular topic; and it’s heartening to see many in the public eye now joining in understanding the severity of the issue and the need to resolve it . This is a problem that certainly did not start recently; and it  must change. The change must start at the very top. 

In New York State for example, Albany has to be far more conscious about the situation on the ground in elder care centers. There has to be more of a proactive ability of lawmakers to institute reforms to this industry so as to advance a pro-elderly agenda that ends up proving immensely constructive for the hundreds and thousands of our state’s elderly who are in these homes. 

Lawmakers need to respond to the needs of their constituents. Their health issues need to be paramount and on the minds of every lawmaker whether on a regional, state or local city level. Each locale has to operate in such a way. Unfortunately, the way the political machine works, it’s not until we have mobilized a grassroots outcry and there is real political pressure that lawmakers feel, that leads them to acting in a substantive way. 

Although this should certainly not be the case; it  is the case. And there’s no changing the current political situation. It’s the same fundamental political situation that was the case for many years and decades. And it’s in no way limited to America in that way. This is an issue that defines the political systems of nearly every country worldwide. 

So let’s have more activists come out like Nadia Kiderman to protest through their writing, speeches and in other forums about the neglect taking place to our nation’s most elderly and vulnerable. One can only hope that there will be sweeping change and reform that takes place as a result. Together, we can make that happen. We can make that a reality. 

Technology in the Media Business

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Media has changed dramatically in the last decade. In part, this is due to the fundamental economic conditions of the marketplace. It’s also because more and more people have migrated to the internet in order to browse for their news, fundamentally evading the past-time of print media, and all that came from it.

Ken Kurson created Book and Film Globe with this in mind. The internet has changed things dramatically for so many businesses; and it goes without saying, that the business of print journalism has certainly been one of them. The print business is a dying breed in the eyes of many journalists, editors and marketers working in the journalism and media industries.

What one needs to be conscious of is that these changes that have been brought don’t need to be viewed through a negative lens. On the contrary, the change can create immeasurable opportunity for content creators who have a litany of platforms to choose from through which they can disseminate their content in an effective manner.

Ken Kurson for example, has a keen understanding of exactly how to go about communicating his various passions through the lens of the blogosphere. Of those passions is politics; and the need to ensure we are all leading lifestyles filled with stoicism.

The dying trend of print media is not a novel concept. It’s something that many have been discussing for a very long time; and any intelligent analyst in the industry could have easily forecasted many years in advance. As the digital world and the way the public consumes media started changing in an aggressive fashion, the journalism and media industry were both rife for change.

The shift for some media outlets from print to digital media outlets has been challenging nonetheless. The changes in streams of revenue for news publications have complicated things for some veterans of the industry. The reality is that challenges create and present opportunities. That’s something that people have to be conscious of, regardless of the industry they might be operating and working in.

There is so much change going on now during the Coronavirus pandemic; given the changes that social distancing has led to. Among them of course, is in the spirit of complying with social distancing guidelines, people are working from home, in a remote fashion.

With this, the commercial real estate business has taken a very serious hit. The hit will continue being more severe with time, undoubtedly. The reason is simple. People are realizing that for many businesses, including media businesses, it’s in no way a necessity or a requirement to work within a physical media space.

For that reason, this is one of many examples of trends that the Coronavirus has spurred that might just end up serving a durable and permanent purpose. Why should businesses incur extra costs associated with office spaces, when in some cases there’s no need for what amounts to an extraneous and excessive cost?

This is a question that many are proposing; and many companies have already made official announcements along the lines of the fact that these changes from working inside the office to working remotely, will be lasting. There’s no reason to change it . It’s more cost-effective; more secure; more healthy and certainly better for all involved.

This is a great example of what the pandemic has wrought that might even prove constructive in the long-run. Regardless, and in any event, this is an issue that has been brought to the light in an effective way due to the pandemic. For some, these changes will merely be temporary; but for others, they will be permanent.

For many industries – including for journalists in the media industry, these changes are certainly manageable. This is merely a continuation of what the industry has already experienced, in the form of changes from the rigidity of old business practices to new ones.

Innovation in every industry is healthy; and creativity is important. These changes create opportunities. Some that are effective at capitalizing on them will be able to develop their businesses further in constructive fashions. Others will not be as fortunate. It remains to be seen what happens.

Summer Home Improvement

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With summer just around the corner, there are a lot of people scrambling to get their home and yards ready for summer. Guests coming over, family reunions, friends of family, and neighborhood lawn competitions are all rearing at the door, and you have to be ready.

With that said, there are a lot of things that need to be done to de winterize. One of the most obvious things that needs to be done, is lawn and roof work. Winter takes its toll on your plants, often by killing them. It sounds harsh, but a lot of lawn plants just can’t survive a harsh winter, and depending on where you live, that’s exactly what they get.

Having a good looking lawn and garden  is one of the most important things you can do to increase your curb appeal, and look better than your neighbors. Bright, freshly cut grass, and healthy, trimmed plants show that you take care of your home, and make it look just that much better. With that said, it’s probably one of the first things you’ll want to get started on, especially if you need to plant more seeds or take out old, dead plants. Roof and outside wall work are another great project to work on, since harsh winters can also take their toll on your shingles.

It’s important to make sure that your roof is in working condition, and that you don’t have any shifted, broken, or missing panels or shingles, as well as any leaks. While you’re up there, it may be worth packing up your chimney, and covering it for the summer. Walls are a very durable part of the house, and may not need any attention, but they’re also seen the most. Making sure that your paint isn’t fading and that your panels are all intact and not missing any screws or nails is important to increasing your curb appeal. While paying attention to the walls, it’s also worth washing windows and checking all of your trim to make sure that everything is sealing properly, and isn’t tearing or peeling up.

When it comes to inside your home, there are endless possibilities for summer home improvement. Of course, the obvious is keeping it clean. Making sure that you keep floors and walls clean, washing your carpets, and dusting all of your furniture are all obvious ways you can keep your house that much cleaner, and ready for guests.

But if you have the time, it’s also worth taking a look at counters and tabletops, and making sure that paint isn’t getting faded or scratched and repairing or touching it up if it is. It’s also important to realize that no matter how clean your house is, if it smells bad, it’s going to lose a lot of brownie points. Essential oils are a great way to help your home to smell better, while creating a more enjoyable environment! You can use essential oils however you’d like,  whether you want a relaxed environment, an energetic one, or maybe want to set the mood for a loved one. 

Freight Hub Group Shows How to Design Client-Centric Technology

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Many of the giants of the modern global economy are companies with a focus on technology. Due to the dominance of technology to give companies a competitive advantage, many businesses work to create their own software to provide superior customer service. Though this is a laudable goal, it can be easier said than done. With some businesses launching quite cumbersome systems, and others amazing technical assistance for customers worldwide. Like Shiply in shipping for instance, where you can control your own workload as a customer trucker, shipping or logistics company, and be your own boss.

To assist our readers in creating workable applications of their own, we’ve turned to the example set by Freight Hub Group and its TruckHub software. Under the guidance of CEO Luis Lopez, the third-party logistics company has helped highlight a method of software development that can be applied across many different industries.

Know your industry

This may seem apparent to some, but it can be surprising how many business owners attempt to implement technology into a new venture without fully understanding the industry in which they are working. This type of “leap before you look” approach can often be doomed to failure as early mistakes may steamroll into critical downfalls as time passes. Without a firm grasp of the unique challenges of a particular industry, a business leader may find themselves ill-equipped to articulate to developers exactly what issues need to be solved through the creation of a piece of technology.

The example of Freight Hub Group CEO Luis Lopez makes for an instructive example to show the type of legwork that can help you gain a more complete understanding of an industry. The shipping professional’s experience in his field dates back to his time in high school, where he was first introduced to the work through a part-time job. That first exposure to third-party logistics not only taught him many fundamentals that are still relevant in the field to this day, it also gave him an understanding of areas that could be improved upon. One such area that caught his eye was the lack of flexibility in the industry, and the opportunity to create a company that could be more agile in its ability to serve client needs.

Know your clients

That simple observation highlights a second important concept that can be critical for any business owner seeking to design technology to aid in their goals. It is absolutely critical to know and understand your clients. This idea goes beyond an understanding of the industry itself which, though important, is often focused on the nuts and bolts of delivering services. By contrast, knowing your clients hinges on understanding the pain points on their end and better understanding what might be done in order to more fully achieve their goals.

To continue drawing from the example of the third-party logistics company, the CEO’s understanding of a client’s need for flexibility was a direct inspiration for his push to create his TruckHub platform. One early way in which he saw this need manifest was through his observations of the handling and shipping of hazardous materials. Early in his career, he noticed that regulations and other burdens created a slow-moving environment for this type of transportation, causing unnecessary bottlenecks for clients. Through this observation, he worked to create a more streamlined hazardous material handling service that offered same-day pick-up to allow the company to better meet client needs.

Take feedback

No piece of software is created in a vacuum. Though a business owner or design team may come up with the original concept for a piece of technology in order to solve or alleviate a perceived problem, it is the users themselves who ultimately decide its worth. For this reason, keeping an open line of communication with users as to how to best serve their needs can make the difference between a successful product launch or a lackluster attempt.

The launch of TruckHub illustrates this concept perfectly. The application was the result of a long design process with input from a range of sources. Though Luis Lopez was instrumental in the initial conception of the software, he and his design team made the decision early on to solicit input from actual clients. This led to the design process being heavily guided by the desires of clients as the company sought to implement features that had been explicitly requested through user feedback. This has been one of the top factors leading to the successful launch of the TruckHub platform.

Feature selection

Ultimately, the design and implementation of a piece of software comes down to the prioritization of features. The decision to include or exclude certain features can be one of the most important parts of the design process and can contribute greatly to an application’s success. Though the above process of soliciting user feedback can be a great determiner of which features to focus on, it is generally left up to the individuals in charge of the software to make the final decisions regarding implementation.

To better understand this idea, let’s take a quick look at the features that have been implemented in the software created for Freight Hub Group. The TruckHub application is a tool used by clients to track the status and whereabouts of their goods throughout the transportation journey. It also allows dispatchers, drivers, and shippers to share contact information and rate quotes for business owners seeking to utilize the company’s transportation services. The use of GPS and real-time updates to achieve the software’s goals helps to illustrate how focused the platform is on streamlined client-driven features.

While technology is often at the heart of many of the largest and most successful companies in the modern economy, it can sometimes be tricky to implement on a case by case basis. Rather than act as a deterrent, however, this concept can serve as motivation for business owners to become better educated regarding the specifics of software design and implementation. Looking to the above overview of Freight Hub Group and how CEO Luis Lopez has led the design process for its TruckHub software can be informative. Look for additional resources through the company’s website to get a better idea of this process and to see how you can implement a similar process in your own pursuits.

Magento Development Agency: Who Should Consider

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If you need plumbing services, you call a plumber. If you need dental work, you call a dentist. If you need web development help for your booming eCommerce page, you call a Magento development agency!

Magento is an incredible eCommerce platform that features tons of extensions and themes, unrivaled store customizations, data and order management, prolific features, an unstoppable community, and many other incredible features that are all helping to skyrocket Magento straight to the top of the leader board when compared to its rivals. 

With such massive popularity, its no wonder why many developers and development agencies are making the switch to adopt the Magento platform. As you may already know, Magento was divided into three categories:

  • Solution partners
  • Technology partners
  • Magento solution partners

The agents that you want to find to help take your online store to unimaginable new heights, come from the Magento solution partners division. 

What is a Magento Development Agency?

Magento has always been loved for its famous open-source platform with the ability to support online stores to customize their experience with total flexibility. The network of Magento partner is a great way to help you with projects like: 

  • Implementation
  • Support
  • Site design
  • Merchandise

However, Magento doesn’t want to just stop there as they want to essentially become the best eCommerce platform creating the best customer experience possible. In order to do this, the team has created programs and trained top-notch partners with the Magento Solution partner program. 

It is now up to you to find which Magento development agency best fits your unique business needs! Here are a few things to consider while on your search:

  1. Length of Time in Business

You work hard for your business. Your Magento development agency should too! Here are a few questions to ask yourself before finalizing an agency:

  •  Have they built responsive and mobile websites?
  • How many websites have they built using the Magento platform?
  • Do they have a history of working in your specific industry?
  1. Cost 

To avoid any confusion down the road, it is important to get an estimate of costs for continued web development in the future. This will help to prevent a headache or two when you realize you may need more help after you have launched!

  1. Technical Expertise

Take your time doing your research to find the best agency for you. It is always better to hire certified resources. You will want to make sure they have the technical expertise and possess in depth knowledge of the domain.  

  1. Portfolio

Only an experienced agency can offer you the cutting edge and world-class Magento solutions you are looking for. It is important to check out the portfolio to get a deeper look into the work of the Magento development agency prior to making your decision. The portfolio can give you insight on their efficiency in delivering projects in a timely manner, performance, and costs. 

  1. Resources

It is important to make sure that the Magento development agency you are interested in has a sufficient number of developers and designers that are always readily available to help whenever the need arises. It is also a good idea to check for high-end resources like high-speed internet for an example. This will help to ensure that projects are completed efficiently. 

You are an entrepreneur. Your job should be to focus on growing your business – not the web development aspect of your site. Hiring a Magento development agency will greatly enhance your website for the better, saving you hours of frustration to allow you to focus on what is most important, the success of your business!

Sales enablement technology: What are the options?

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Technology is ever-growing in the world around us and as a business it is ever more important to keep up with technological trends. Look at the automotive industry at the turn of the century. The companies that adopted the new technology of the assembly line came out on top while the manufacturers that continued the assembly on a car by car basis ended up on the bottom. The same goes for the sales department. Imagine if there were still a company that hires door to door salespeople and how they would do in today’s world against modern call centers, automation, and the internet. Sales enablement is a good way to get your company up to speed with various technologies which will ensure maximum productivity and sales numbers. Below are some technology options that sales enablement can provide.  

Customer Relationship Management

One key aspect that sales enablement technology attempts to improve is the salesperson and buyer relationship. To accomplish this one technology that is adapted as an indicator is Customer Relationship Management which while it is a form of management carries many technical evaluators. One such evaluator is customer retention analytics which looks at individual buyers to see if there are repeat visits to buy or if there are missed sales from returning customers. Customers coming back again, and buying is an indicator of good customer satisfaction as well as a good indicator or good sales practices by salespeople. Another indicative technology is post-call or interaction surveys administered to customers. These are direct indicators as questions like “How likely are you to buy again?” or “How would you rate your experience today with our sales rep?” give clear answers to how the customer feels. The answers to these questions are then utilized to manage and guide reps to the optimum sales methods to increase customer satisfaction and retention. 

Marketing Automation

Automation is a large technological development in the business world within the past few years and is an area of ever-growing products and new technologies. The goal of automation is to eliminate tedious repetitive work and make it occur automatically with the utilization of technology. A very simplified example of automation that everyone has experienced is a signature line in an email. This signature line is something that you would have to type every time you sent out an email without automation. One popular marketing specific automation tool is Marketo. With a huge selection of avenues to reach buyers it is easy to see what makes the platform so popular. Email Marketing, Lead Marketing, Consumer Marketing, Customer Base Marketing, and Mobile Marketing are some key features Marketo brings to the table to seek new customers and keep retainment up. Marketing automation enables the marketing team the tools to be more competitive within the marketplace.

Analytics

Analytics are perhaps the single most important technologies to implement within a business. From financial analytics to marketing analytics, these technologies are able to tell you where your company has been, where it currently is, as well as a project where your company will be in the future. With this information you are enabling employees to change future trajectories and see how alterations improve function and sales. 

Overall there are many technologies to choose from regarding sales enablement. The key to finding the technology that will benefit your company the most is to observe where the greatest amount of time wasted is. This analysis will weed out the technologies you don’t need while showing you the technologies that will most likely increase efficiency. Sales enablement often includes this analysis as a part of the process to determine the technology tools that will provide the most benefit.

Online banking is taking over

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With the rising generation constantly seeking out quicker, more accessible, and more convenient methods to live their lives, the world has moved online. Almost everything can be accessed at the tip of your fingers within the convenience of your own home.

Schools have gone online, entertainment is found everywhere now, between gaming consoles, online games, Facebook messenger, and now games that can be played between two friends through text, there’s hardly a reason to get together. Social media has become more than a simple trend and has planted itself in the heart of many cultures. It continues to grow in popularity and now billions of accounts exist in Facebook, Instagram, and Twitter. With everything, including contact with loved ones and colleagues becoming increasingly more accessible, there’s hardly a reason to leave the house anymore.

Uber eats and Door dash have increased in popularity since quarantine has started, and now even the desire to “eat out” has become the desire to “eat in”, but simply to have food delivered to you for more convenience. As the world continues to seek immediate gratification in various aspects of life, companies and corporations continue to develop means to satisfy those desires.

One such commodity offered now is that of online banking and loans. The majority of banks and traders now have websites, and loans can be issued without a formal meeting between the two parties. One such corporation is Checkcity. they issue cash advancements and loans in their entirety online. Although they have establishments in Utah, Nevada, Colorado, and Virginia, it is not necessary to attend any meetings with officials, or physically visit their storefront.

Because of this, loans and financial aid has become just as convenient as eating out, attending school, playing games, chatting with friends, and anything else that has gone online.

The Benefits Of Hiring a Digital Marketing Agency

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In order for any business to stay current and up-to-date with moving trends, it must do the essential marketing required to make potential customers more aware of the product that they are offering, or the service. You might have the best product or service in the world, at the best price, but if nobody knows about it, then it’s just a waste of time having access to it, in the first place. Marketing needs to take place to enhance your brand and to help increase sales. Frequently, businesses overlook the importance of marketing and just assume that the product will sell itself. This is definitely not the case.

It is the future, now.

Digital marketing is here to stay and it is the future of all businesses. Exceptional companies like,Move Ahead Media are at the forefront of marketing techniques that numerous businesses are now signing up for. If you feel that your business is lagging behind when it comes to digital marketing, then you need to educate yourself by visiting the various IT industry news and information websites, to keep yourself up-to-date regarding successful business practices.

The benefits.

The following are just some of the many benefits of hiring a digital marketing agency to do all of the hard work for you.

  • Receive marketing expertise – When you sign on for one of these creative marketing agencies, you just don’t get an individual, but you get a full, experienced, marketing team and these include SEO specialists, web designers, writers and experts who strategise your marketing needs.
  • Incredibly cost-effective – Statistics prove that businesses who hire marketing agencies to develop and create their marketing strategies, save a significant amount of money, because they do not try to complete the marketing activities themselves. There are many alternative marketing strategies that can be used, and these marketing agencies know about them all.
  • Receive a different perspective – As the owner of the business, sometimes you fail to see what is right there in front of your face. Using an external marketing agency allows you to be able to receive genuine and unbiased advice about your marketing campaign. Trying to do your marketing in-house means that your staff may be a little apprehensive to tell the boss what they really think and feel. Using an external digital marketing agency allows you to receive relevant information that your current marketing campaign is just not working.

When you use one of the leading digital marketing agencies, you get to avail of all of the modern marketing technology that is available. These marketing agencies will have all of the best tools, marketing software, and every piece of analytical data currently available, to make your marketing campaign the best that it can be. They will always try to keep you one step ahead of your nearest competitor, and in a competitive world market such as we have now, trying to stay ahead, can be the difference between keeping the doors of your business open, or having to close down.

Self-Learning Data Science Resources with Jonathan Cornelissen

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So you’ve decided you want to learn more about data science. Perhaps you’re seeking a career transition into the field or maybe you just want to be able to better understand the data professionals with whom you work. Whatever the reason, your path can be greatly helped by a guide to resources and topics you can study to learn aspects of this interesting and fast-growing field. We’ve compiled the following overview along with a look at the work of Jonathan Cornelissen, the founder of DataCamp, to do just that. Read on to help find your own path forward in data science.

Professional background

Let’s first take a quick look at the work engaged in by Jonathan Cornelissen and the company he founded to help spread knowledge about his field. He first conceived of his company during his time pursuing his Ph.D. in Econometrics. Through his own studies, he encountered the difficulty of learning R without access to supporting resources. When he was teaching courses where his students were also required to learn the programming language, he witnessed the same difficulty in their efforts as well. He realized that the process could benefit from the advent of an educational platform designed to help in this area.

That idea would eventually lead to the creation of DataCamp, the educational service that has helped over 4 million learners improve their data skills to date. The platform showcases the capacity of such resources to help individuals grow their ability to work with data in a professional environment. Beyond simply teaching a programming language, the focus of the platform also allows students to improve data fluency and better understand the output of more experienced data scientists. In a world that is fast becoming more and more dependent on data, improving these skills can be a worthwhile endeavor for any modern professional.

Improving math skills

For those who are looking to actually transition into the world of data science, a firm foundation in mathematics is a must. Such a foundation allows data scientists to better understand their data and make useful extrapolations from it to help predict the future. Key areas of math that are important in this regard include linear algebra, probability, calculus, and statistics. It’s important to note that a foundation in this area doesn’t mean you need to be an expert, far from it. It does, however, require a degree of familiarization that will allow you to know what is required of you in a given circumstance.

In this regard, the advice that is generally given is to undertake an honest assessment of your math skills and formulate a plan for further knowledge based on that. Even if you’ve taken some related courses before, depending on how long it’s been since you were exposed to the material, you may want to revisit the topics as a refresher. This type of reintroduction can be accomplished through online courses, videos, or self-learning textbooks. Whatever route you choose, be sure to continuously relate the knowledge you’re gaining back to your end goal of becoming more proficient in data science. In other words, make sure you’re staying cognizant of how everything you’re learning will benefit you in the long run.

Explore a programming language

Beyond math, your journey into data science can be greatly helped along by a firm understanding of a relevant programming language. Most data scientists utilize either R or Python as their primary language, and will often use SQL as a supplemental language. Similarly to what Jonathan Cornelissen found in his own studies, you may be helped along on your journey by seeking out online or printed resources that can teach you one of these languages in practice.

However, understanding a programming language for data science goes beyond what is often used for, say, a software developer. Data scientists often make use of specialized toolsets within a programming language to help them accomplish their work and engage in analysis. For instance, popular libraries and visualization tools for Python include Pandas, Numpy, and Matplotlib. If you don’t already have a strong command of these or similar tools, then it can be a good idea to take steps to learn their usage. In this way, you’ll not only be proficient in the programming language of your choice, but also a number of additional tools relevant to data science.

Further learning

Once you’ve improved your abilities in math and programming, you’ll want to dive further into data-specific topics. One relevant field that’s garnering plenty of attention these days is machine learning. This subset of artificial intelligence uses data and neural networks to generate algorithms that can expand on their own and essentially “think” in new and different ways. The field rests on an algorithm’s ability to build upon itself as it’s fed increasing amounts of data. Beyond the connection to data science, the applications of this field are vast, including self-driving cars and more efficient online search methodologies.

For a broader suggestion of a path forward, it can be helpful to follow in the footsteps of Jonathan Cornelissen and actually set out to build a project of your own. In much the same way the entrepreneur saw a need for data learning resources, you can also identify projects of interest and engage in them in order to further your knowledge base. Such projects have the added benefit of demonstrating your newfound abilities to potential employers and might even help you get a job somewhere down the line. Regardless, they can be a great way to explore the field in a way that is interesting and engaging.

If you’re at the beginning of your data science journey, the field might appear overwhelming. While there is certainly plenty of work to be done by the self-learner in order to attain the same level of knowledge as someone with a formal education, the task is accomplishable with determination and hard work. Looking to resources such as the one created by Jonathan Cornelissen can help put you on the path to eventual success in this regard. The more you commit to growing your abilities in this area, the faster you may find a number of opportunities in the field of data science opening up to you.

6 Finance Mistakes to Avoid During Times of Crisis

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When catastrophes like COVID-19 strike, they can cause us to lose control. One area where control can be tough to get back is our finances. 

Being in control of your finances doesn’t mean you should sacrifice your health for a few bucks. If a stress management app would help you take better care of yourself, it’s worth the investment. Getting the occasional pizza with friends is a great way to maintain your social life.

The trouble starts when you let your emotions drive your financial decisions. When you’re stressed, you may overspend to blow off steam. Because they’re familiar, you may stick to your existing financial setup instead of exploring avenues that could save you money.

What are the biggest mistakes to avoid? These six stand out:

1. Not building a new budget

In a crisis, there’s a good chance your financial circumstances will change. Your employer may go out of business, causing you to lose your job. Your mortgage’s interest rate may change. You may find yourself spending more in certain areas, such as healthcare or groceries.

Be proactive. Build a “skinny” budget that reflects your current needs and financial uncertainty. Maybe you need to shift some of your restaurant spending over to grocery stores. Maybe you need an Amazon or Instacart subscription to get things delivered to your house.

Think, too, about worst-case scenarios. If push comes to shove, which bills can be put off? Which creditors might give you some grace? Reach out: You might be surprised at how many of your lenders are willing to work with you. 

2. Failing to shop around

A financial crisis can be a great time to switch up your financial providers. You’re likely stuck inside, and many online-only financial services save you money because they don’t need to pay overhead to maintain branch locations. Use your downtime to research alternatives to your current investment, checking, savings, and financial management tools.

Many mobile trading apps let users make unlimited commission-free trades. Some app-based banking services offer a debit card with no hidden fees or account minimums. Other money management apps show all your subscriptions and recurring bills in a single interface, making it easy to pay, adjust, or cancel them. 

3. Panic selling

There’s no better investment than the U.S. economy. Still, that truth can be tough to keep in mind when the market crashes and your investment portfolio is bleeding money.

All stock market stumbles are temporary. The economy grew stronger than ever after the Great Depression. After the September 11 terrorist attacks and the financial collapse of 2008, the same thing happened: A temporary dip preceded an expansion.

The same thing will happen with the coronavirus uncertainty. Unless you need to access your investments to cover your essential costs, the best way to ensure that you don’t lose your money in times of crisis is to not liquidate your portfolio. Stay calm, and remember that the economy will pick back up soon enough.

4. Panic buying

If you find yourself in the financial position, it can be tempting to sink more money into the market during a crisis. It’s true that your assets will grow in value as the economy rebounds. But for a different set of reasons, panic buying is just as dangerous as panic selling. 

During times of uncertainty, “good deals” can be deceptive. A stock may be down because of a temporary dip in the wider industry — or it might have crashed because of internal struggles that will last long beyond the current crisis. 

If you’re a beginner, the best strategy is to hold your assets. A cheap stock that continues to sink after the broader market recovers isn’t actually a good deal.

5. Going to the wrong lender

If you find yourself in a tough financial position, you may need to take out a loan. But beware: Some loans are much more expensive than others. The APR on payday loans can top 500%, for example.

The best options if you need a little extra cash are:

  • Friends and family

Always ask your friends and family before going to another lender. It can be tough to swallow your pride, but the people who care about you will be glad you did. They may be willing to lend you money at no interest or at least at lower rates than you could get from a bank or other creditor. 

  • Personal loans

Bank loans tend to be the cheapest way to borrow money on the market. Depending on your credit, you may be able to find a loan with an APR as low as 4%. A bank you have an existing relationship with may even be willing to extend the loan term, which can reduce your monthly payments. 

  • Low-interest credit cards

Credit cards aren’t a good long-term solution. But if you fall a few hundred dollars short one month, a credit card is usually cheaper than payday loans, auto title loans, or cash advances. Ideally, take advantage of an introductory period on an existing card, which may let you borrow temporarily at 0% APR.

6. Soothing yourself with shopping

In many of us, isolation produces fear, boredom, and a desire for normalcy. If not kept in check, those emotions can turn into an urge to shop online.

There is a reason it’s called “retail therapy”: Buying things can make you feel good. You might be tempted to buy new clothes for the vacation to Aruba you’re planning to take once this is over. Maybe your house could use some new furniture and home decor.

Although those kinds of purchases might bring you joy in the moment, they can also put you deep in debt. Avoid the temptation. Unless it’s a necessity — think food, healthcare, shelter, or utilities — don’t pull out your wallet. No sale or discount is worth putting your financial security at risk. 

In a crisis, you have to keep a tight leash on your money. That doesn’t mean you shouldn’t spend on things you need, but it does mean your finances are likely to look a little different. 

Bonus Tip: Another way to respond financially in times of crisis is to have a side gig supplementing your income. Jobs like Merchant Services Sales are always in demand and need good sales people to keep them going.

Whatever your situation, stay positive. We’re in this together, and when it ends, we’ll be better at managing our finances.