5 Money Mistakes to avoid during Covid-19
5 Money Mistakes to avoid during Covid-19 Covid-19 has affected countries, global markets and individuals on varying levels. Many measures have been taken by regulators and governments in response to this crisis to ensure that their respective economies survive. With the weight of sustaining livelihood becoming more critical as compared to reducing the pace of COVID-19 spread, governments across the globe are now heading towards gradual unlocking of the economies. Unprecedented situations like these can lead to hasty decision making, some of which might yield sub-optimal results, and hence investors should try to avoid the following mistakes: 1. Inadequate rainy day Fund The importance of having an emergency fund is critical during the current pandemic situation with a lot of uncertainties relating to businesses and job continuity. It is advisable to keep at least 3 to 6 months of your expenses as an emergency fund and putting those funds in highly liquid instruments such as liqu...