Financial Lessons we can learn from COVID-19

Dr. Deepti Dwivedi

The end of the pandemic is nearing, but it has not been without economic repercussions. Last year we have seen a huge amount of money lost in both jobs and investment opportunities. However, this also means that there are many personal-finance lessons for us all to learn from; these will help you no matter what happens economically down the line into your future!

Lessons about how to properly prepare for the future, such as saving emergency funds and accepting that not every opportunity will work out. Along with these lessons are important reminders of what has worked in past financial situations (having different sources of income) so we know it can be done again if need-be. And no matter how things may feel currently, this is just a phase – like all phases before it have been short lived; they’ve come and gone but life always moves on regardless.

With the possible end of pandemic (with vaccination) just around the corner, it’s time to reflect on some lessons we learned from COVID. It was a tough one with many things that people would like to forget about. But before you try and wipe out these memories, here are important reminders for investors, savers and spenders alike