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Smart Budgeting Tips: Global Crisis Edition

SMART BUDGETING TIPS: GLOBAL CRISIS EDITION The global crisis the world is facing right now due to the coronavirus pandemic has made a dent in the economy and caused many Australians their jobs and livelihood. Apart from keeping you and your family safe, you should also think about the precautions you can take to manage financial risks Here are some things that you can do to manage your finances during a global crisis: REVIEW YOUR BUDGET AND PREPARE A GAME PLAN. It is time to get your finances organised. Write down your income, break down your expenses and make a plan. You want to make your savings last for a long time. BE MINDFUL OF YOUR UTILITIES. You should be mindful of how you use your utilities. They can help you save a lot of money on your bills. Try to be smart with the usage of water, gas and electricity. LOOK FOR НOME- BASED JOBS. This option may not be available to every industry, but you can always pick up a new skill. REVIEW AND EVALUATE PLANS AND SUBSCRIPTIONS. Check if you can update, downgrade or completely cut out one of your subscriptions or plans. TALK WITH FAMILY MEMBERS ABOUT MONEY ISSUES. Each member of the family should understand that it is best that everyone makes practical decisions and focuses on the essentials. People have needs, and despite the health risks of the coronavirus-- people will not stop having those needs. People have to buy food, pay bills, take care of insurance, etc. The pandemic and the lockdown restrictions only made these needs harder to obtain. Prevention is better than cure. The best way to make sure that you don't go through a hard time •financially is to prepare for it as much as you can. Pundo

Smart Budgeting Tips: Global Crisis Edition

shared by april4 on May 21
COVID-19 pandemic has affected millions of lives all around the world physically, mentally, emotionally and financially. It has made a dent in the economy and caused many Australians their jobs and li...


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