Pandemic :: Unlocking Again

Just Chill, the unlocking process has just begun. Last week we saw some people are coming to the market for a variety of reasons.

Yet complete unlocking was not there. But the quantum of people was huge.

Yes, after one and half months of lockdown and tragedy, we have created anxiety.

But don't do this, last time we had done similar behavior, which created the present situation.

Do follow the government advisory for same.

This time we are facing another challenge that was not there.

Firstly when the first lockdown was imposed, we had a few advantages that we had savings which we used in that period as we had a clear picture for total lockdown then the process of unlocking was also predictable. 

But the business started late and the money circulation was not there for more than five months.

Getting the work on track was challenging but this time we are not prepared for this blow.

Take care of advisory, so that soon we don't have to face another lockdown.

Once, our life becomes normal after the unlocking revisits our financial situation, so that the corrective action needed should be taken.

This time we are not getting any moratorium for any payment be it loans or any other routine expenses. Avoid delaying the expenditure which we can.

Reduce the debt or increase repayment so that future savings can be restored and enhanced.

Yes, we have indeed faced the situation where we had no vacation with our family but we have spent a good time with them.

Instead of the immediate vacation planning, delay it for some time to recover completely.

Build the corpus for contingency, as now all of our funds are dried up. Lastly, sit with your advisor for review and corrective actions needed.

Flying free is good but with safety and precautions.

Do take the vaccine as per the schedule and stay happy and fit.