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Tips on Managing Household Finances in the Middle of the Corona Pandemic

Corona pandemics have changed the way we live, the way we work, the way we socialize, and the way we worship. The gathering of people in large numbers should start to be reduced including the gathering of citizens to the gathering to perform an act of worship. Not only that, but the spread of the Coronavirus also affects family finances as many businesses or businesses are forced to close, and many employees are forced to reduce their working hours to help reduce the risk of spreading the virus. The economy in various countries is also growing slowly, in fact, some banks project economic growth to be only about 4.6% when compared to the usual conditions that can reach 5.4%.

Market changes also affect current family finances. For that, to keep family life stable in the midst of the Corona virus pandemic, Investree would like to share tips on keeping your household finances safe during difficult times. Check out the comments below!

Record all family needs

Talking about family finances is not easy. There are often differences of opinion between family members, but at the moment all differences should be put aside and try not to argue about mistakes that have been made before so that you and your spouse can make decisions that benefit the whole family.

See where you are now, how much savings you have, or what assets you can guarantee your life, also determine how much cash you need at home, and decide what needs to be purchased over the next few weeks. Going out of the house cannot be done too often so you have to buy household necessities all at once. If you do not register first, you are afraid of buying items that are not needed and make you lose. That way, keeping track of all your family members’ needs means you have to make financial arrangements to stay out of the way. You can also use Payday Loans to increase your need

Wise when shopping

Although the market conditions are currently uncertain, but the government guarantees that food stock remains safe even to face the month of Ramadan until Eid al-Fitr. So you do not have to panic and overbuying basic needs, and just buy as needed. Be smart when shopping, so you need to know in advance how much you really need to buy. When many people make excessive purchases, it will make the supply and demand of the market so unbalanced. Eventually it will lead to a shortage of goods and end up in a price increase.

Including when shopping online. As long as you stay at home, boredom may appear, but it does not mean how to cure that boredom by shopping online excessively. Household spending is feared to be out of control. Keep shopping as needed and take advantage of the discounts offered by online merchants appropriately.