The year 2020 has become a harsh criticism of financial literacy for everyone without exception. Those who are used to spending all their money find themselves in a difficult situation. People who keep a close eye on their finances and regularly save and invest at least a small part of their income have appreciated how important it is to have a backup and a “safety cushion”.
We live in a COVID-19 world where a global economic downturn may hit unexpectedly. In this article, I will provide you with some helpful tips on how to keep your savings intact in a time of crisis.