Personal Finance & COVID-19
COVID has had a terrible impact on the global economy, leaving many people unemployed or working on reduced salaries.
It’s important to save & spend wisely in uncertain times like these.
Review And Analyse
Take a look at your financial situation and analyse how much you have saved up, how much is coming in each month and your monthly expenses.
Maintain A Strict Budget
Whether you are still working, have received a pay cut or are a freelancer who is facing payment issues, it’s important to live well within your means.
Cut Back On Spending
Things are rocky now - we don’t know what the economy will look like in a year.
Don’t splurge, and cut back on unnecessary expenses so you have a buffer for emergencies.
The virus has taught us that health emergencies can strike the young and old alike at any time.
Choose a health insurance policy that takes care of you and your family.
The Side Gig
Since times are uncertain, it pays to have a side gig - a freelancing or temporary job that can bring in a little extra income for you and your family.
It’s always good to put money in an equity MF. Long-term equity mutual funds can bring you good results, even if you start with a small amount each month.
Invest With Scripbox
At Scripbox, we have a range of investment offerings to suit every budget and investment goal.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.