Importance of Financial Planning During Covid19
The novel Coronavirus pandemic has had an overwhelming effect on people’s personal finances across the globe. During this time of uncertainty and insecurity, the best way to tackle the uncertainsituation and make sure a thriving financial future is to re-evaluate your present finances and plan properly. This is the time to have a look at your financial planning with a fresh set of eyes and re-assess what you can do in each aspect of financial planning. Given the scale of the economic impact of the pandemic, the steps you take now could well decide your financial future. Re-assess your income stance: We have noticed an extraordinary number of layoffs, salary cuts and job loss because of the impact of COVID-19. There’re not many people who’re not affected by this crisis. As organizations cut their funds & revenue projections, even those that are still in jobs would be interested to re-assess their short-term & long-term income outlooks and business opportunit