Due to the covid-19 pandemic, a global crisis has been unleashed that has affected different sectors of the economy and therefore the pockets of thousands of people, who have had to adapt to the rises in input prices. and products. Likewise, two no less important factors are the consequences of the quarantines and the conflict between Russia and Ukraine, which means that the entire world is not clear about the behavior of the markets.
Therefore, taking care of money and finances in general is key so that the situation of families is favorable for the future. Here are some recommendations from economists consulted by CNN.
– The first thing you should keep in mind is that saving is fundamental. Experts recommend setting aside cash or having it in funds so that in the future aspects such as child support or something that may come up unexpectedly can be covered. Likewise, it is recommended to have investments of 2 to 4 years in economic sectors in which there is no greater variation over time.
– Another important point is to guarantee labor stability. Although there are many people who are in the job search process, the solidity of the labor market is a reality that must be taken advantage of and if there is a link with a company, people will be able to secure their position.
– Another point should be highlighted, which is the prioritization of debts, which must be paid on time. Negotiating with the banking entities with which there are debts is key, as is having an order in the expenses that you have, such as food, housing, public services and loans.