How to secure your Financial Health in this Pandemic and be Crisis ready?
The world is passing through a nightmare. Since last year the pandemic has cast a dark shadow over us. Every day we wake up to hear the news of death of the loved ones. At this time Doctors are advising to eat well and keep our immunity strong. Not only is the pandemic taking a toll on our health, but also it is crippling us financially. Job losses, huge hospital bills, medicine cost, price hike of the essential goods, seems like the list does not end. Just like our health, it is also time to think about our financial immunity. There are several important medicines I am going to discuss. Build an Emergency Fund. Don’t live paycheck to paycheck or invest all of your savings into illiquid funds or at the hour of crisis you will not have a penny to save yourself. One should keep aside every month some of his/her monthly income as an emergency fund. It can be kept in the form of RD, FD or in a separate savings account, which he/she will not touch until the hour of crisis like J...