Frugality For The Salaried During COVID
The COVID-19 Upheaval
The past year saw a complete upheaval in the job market. Shelter in place issues were announced, work from home became the norm and many sectors saw massive layoffs.
How Income Was Affected
Manufacturing units were shut, service and hospitality came to a standstill and payments dried up. Many salaried individuals experienced pay cuts and delays.
We’re Not Out Of The Woods Yet
Just as we thought we beat the pandemic - we’re now in the midst of a second deadly wave. And it looks like there may be more financial strain in the days ahead.
Spending Wisely Is Imperative
Whether you are single, married, or paying off a loan, you need to make sure you are spending wisely and only on things that are absolutely necessary.
Review Subscriptions And Memberships
You likely have magazine, app and streaming subscriptions you don’t really use. Unsubscribe - it amounts to quite a bit annually.
Instead of waiting to pay manually, automate payments for electricity, phone, credit cards etc. This way you won’t end up paying late fees.
Direct equity investing isn’t everyone’s cup of tea - but mutual funds are a great way to invest, with a fund manager doing the research so you get the best results. A little goes a long way each month.
No investment is too early or too small. Browse through a range of funds suited to every budget and financial goal at Scripbox.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.