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If It Hasn't Already, COVID-19 Pandemic Should Change Your Savings Goals

Video Credit: Wochit News - Duration: 00:38s - Published
If It Hasn't Already, COVID-19 Pandemic Should Change Your Savings Goals

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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