Your money and your life
If you're reading this, chances are you're among the lucky ones who have some savings to tide over these precarious times. Even if your income streams are intact (and that too, for perspective, puts you among a privileged set of Indians), you might like to ensure that your money is safe-and parked in sensible avenues. The unprecedented national lockdown will only worsen the economic crisis, and we don't even know yet what further miseries lie in wait- job losses, pay cuts, upended small businesses... What follows is a sort of primer on your personal finance priorities in this dire hour.
by Naveen Kumar
Mar 27, 2020
2 minutes
3 STEPS TO STAY AFLOAT AS COVID-19 STRIKES
Make sure you have a contingency fund
One of the first principles of prudent financial planning is to set aside some easily accessible money for emergencies, such as unforeseen expenses or a sudden, even temporary, loss
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