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.
1 MAKE SURE YOU HAVE A CONTINGENCY FUND
This story is from the April 06, 2020 edition of India Today.
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This story is from the April 06, 2020 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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