Updated on April 13 at 5:06 p.m. ET
Forget living paycheck to paycheck. Many families have lost work during the pandemic and are running out of cash as they wait for unemployment checks and government rescue money to arrive.
These are highly unusual times, and family budgeting recommendations are also unconventional.
Kathy Hauer, a financial planner based in Aiken, S.C., says she's telling people to do things she has never recommended before: "Defer as many payments as possible and worry about it later."