What to do if your income has been affected by COVID-19

All around the world people have been affected by COVID-19 in so many different ways. For many, the unexpected shock of redundancy or reduced salaries has had a huge knock-on effect when it comes to personal finances.

Whether you have been hit hard in the pocket by COVID-19, or whether you’ve been fortunate and been relatively unscathed, finding ways of saving money is always welcome and wise, so this post is for you too!

Taking small steps can make a big difference

“Look after the pennies, and the pounds will take care of themselves.”

— Old Mr Lowndes (Secretary of the Treasury)

Priority bills

First, make a list of all your priority bills, e.g. mortgage / rent, car payments, bank loans, credit cards, etc.

Food and clothing
Photo: Gustavo

Next, aim to reduce your food budget considerably each month, e.g.

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