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If It Hasn't Already, COVID-19 Pandemic Should Change Your Savings Goals
Video Credit: Wochit News
Published on May 28, 2020 - Duration: 00:38s
If It Hasn't Already, COVID-19 Pandemic Should Change Your Savings Goals
Traditional personal finance advice about building emergency funds to deal with unexpected expenses, like car repairs or ER visits.
But now, Business Insider reports the novel coronavirus COVID-19 pandemic has turned that on its head.
The economic fallout from the virus is showing that "stable" jobs are illusory.
In particular, freelancers, independent business owners, and non-essential workers should think very seriously about preparing for a complete loss of income.
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