Make the Most Of COVID-19 Financially - Here's How -
Friday , 4 December 2020

Make the Most Of COVID-19 Financially – Here’s How

The pandemic has hit all of us hard and in many unexpected ways. However, that doesn’t mean we can’t make the best out of the situation and save some money….This article explores 7 creative ways you can improve your financial health during this difficult time.

1. Polish Up on Your Cooking Skills

…You’re probably getting tired of expensive takeaway meals so consider cooking at home to save money…

2. Sell Your Old Smart Gadgets

…Trade your old gadgets for some cash and upgrade to a new one (or two). You’ll probably find lots of deals from which to choose. The time to buy probably won’t get any better than it is now.

3. Start a Garden

Starting a garden makes good sense, especially during this pandemic. Not only will you save money on produce, but it can reduce the times you have to visit the shops to help you stay safe…

4. Get Published

…Try writing and put your knowledge to work. Sites like Amazon’s Kindle Direct Publishing will walk you through the formatting process. The best thing about this option is that you’ll make passive income. Once you’ve published it, all you need to do is market it and wait for the royalties.

5. Save Your Pocket Change

Set aside a jar or other suitable container and start saving spare change…You’ll be surprised how much you can save…

6. Automate Your Savings

The easiest way to save money is when you don’t have to think about it…so set up an automated savings deposit with your bank to take care of the task for you and don’t link the savings account to your bank card so it is more difficult to withdraw and therefore not tempted to use it.

7. Sleep on It

Before you purchase something online, wait a day before you hit that “Buy Now” button, and then see if you still think it’s necessary to buy. You may find that many items aren’t such a great deal, after all. Many e-commerce sites will save the products you’ve added so that you can buy them later if you still want them.

Final Thoughts

…Instead of getting down about the pandemic, see it as an opportunity for a financially secure tomorrow. [I hope this article has some ideas that will assist you in making that a reality.]

Editor’s Note:  The original article by Julie Cheung has been edited ([ ]) and abridged (…) above for the sake of clarity and brevity to ensure a fast and easy read.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

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