The world is suffering from two aspects COVID-19 and financial crisis, the COVID-19 impacting communities, businesses, the current economic situation of the country is GDP rank is at 5 th (nominal; 2019) 3 rd (PPP;2020)
Family finances during tough times this places a significant burden on family finances, even for parents who have been working.
If money is affecting your family, use these tips to manage your finances during these tough times
Create a budget to add the cash to your family monthly income, then use the value to create a new budget for the family
Invest the money because the best way to grow your money is by learning how to invest
It’s as simple as reading and you can achieve
Interest from savings
Cash flow from business or real estate
Appreciation of value from a stock portfolio, real estate, or other assets
Thanks to advance technology, you can invest from your home with a small amount, with no fees on accounts, learn the basics, and make good investment decisions
Investing allows you to grow your money over time thanks to the power of returns
You can buy stocks and bonds, at least mutual funds or exchange-traded funds
We can’t control the overall condition of public health during a pandemic but we can control the growth of money to help the medical expenditure
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