All in all ,you need to become economically ,resourceful and strategic. Save keep what you have in this pandemic situation because we all don't know when it will stop or if when is the cure for the virus so that we can live a normal life again.
On an individual level your strategy seems very good, but for the hole economy it's not very helping. With cutting down spending you will just worsen the crisis for everyone. Cutting down unnecessary spending seems good but if everyone stops spending, where will the economic recovery coming from?
Same for trying to avoid investing in risky assets. So far the stock market is pretty resilient to the crisis. If you would sell all your risky assets and just hold cash then you will be losing money every year due to inflation. Being risk averse is good, just not too much, you might miss out on the recovery.