5 Proven Ways To Improve Your Financial Health During And After COVID-19 Pandemic
Since the beginning of the pandemic, many got affected financially – from reduced work hours to losing a job. As this Pandemic is yet to be over, we will share some easy Do-It-Yourself ways to improve your financial situation despite the COVID-19 crisis. 1. Know your current financial situation. Understanding how are you doing financially is the way to start strategizing. Determine your monthly spending such as essential expenses, debt obligations , and bills then comparing it to how much you earn is a basic formula to test your financial capacity. 2. Cut out the unnecessary. The easiest way to save money is to avoid spending on things that is not essential. It’s a smart move if you can allocate this instead to more important things such as food, medicines, or emergency fund especially now that the pandemic is not yet over. 3. Side hustle to Increase your income. Earning more is also an option if you can’t avoid unnecessary spending. There are ...