Here’s how to stay financially strong during COVID-19 pandemic

An emergency fund always comes in handy in situations such as sudden job losses, health emergencies and more. Touted as a shock absorber, it has the potential to cover many months of household expenses and it takes a lot of time to create such funds. 

The COVID-19 pandemic has shattered people’s lives, both personally and financially. The havoc created by job losses, pay cuts, layoffs, and closure of small and medium businesses has forced people to restrategize and rethink their personal finances. Also, the collapse of the healthcare system and humongous cost of the treatment has forced people to use all their savings. This dastardly effect of COVID-19 asks for a renewed approach to deal with an evolved environment.  Therefore, it is very important to step up your game when it comes to investments to make your future secure.