How to manage your money during the coronavirus crisis

Mar 17, 2020, 12:52 PM
Coronavirus is taking its toll on every area of our lives and nobody knows when the mayhem will end. This is why it is so important to take good care of your finances as well as your health. Stock markets are crashing, employees are working from home, schools and entertainment venues have closed and incomes and jobs are in jeopardy. With so much uncertainty around us, it is time for all of us to assess how financially secure we really are. Can you afford to support your family if your income is cut or you lose your job? And are you torn between buying and selling as the value of your investments dwindle and no one know when the markets will reach the bottom?

Alice Haine, the personal finance editor of The National is joined by Nyree Mcfarlane, The National’s features editor. Also joining later in the show is Steve Cronin, the founder and DeadSimpleSaving.com, an independent community for financial education in the UAE, who shares his tips on manage your money in these uncertain times.