The Covid-19 pandemic has strained the finances of many businesses around the world. Maraming nagsara, at ang iba naman humina ang kita due to hard lockdowns tulad ng ipinapatupad na Enhanced Community Quarantine or ECQ sa bansa. Akala natin patapos na at on the road to recovery na tayo, biglang dumating ang DELTA VARIANT. Dahil dito, ECQ nanaman!
ECQ means “ONLY ESSENTIAL establishments and industries will be allowed to operate fully or with a skeletal workforce.” Ang mga establishments at industries na tatamaan nanaman ng husto dahil sa ECQ Lockdowns ay mga kainan, other non-essential manufacturing, non-essential retail trade and service establishments, mga opisina, indoor and outdoor tourist attractions, personal care services gaya ng mga salons, barbershops, medical aesthetic and derm clinics, casinos, recreational venues, bars, clubs at marami pang iba. (DTI Memorandum Circular No. 2114)
Isa ba ang negosyo mo sa mga humina ang kita, worst of all, nagsara?
During these times of financial turmoil and stress, it’s more important than ever to take control of your financial situation. Regardless if kumikita ka pa, or may ipon ka.
Here are some tips to stay on top of your finances during ECQ.
1). Track your budget: Keeping track of how much you earn and spend will help you to stay the course during the lockdown. Kung nabawasan ang kita mo, humanap ka ng paraan kung paano mababawasan ang gastos mo. Budgeting apps can help you analyze your saving and spending patterns.
2). Control your spending habits: The COVID-19 pandemic created a tale of two economies: those who were able to save, and those who struggled to make ends meet. Kung isa ka sa mga mapalad na may Ipon, now can be a good idea to cut credit debt. Where should your money go? Basic needs.
3). Build an emergency fund: Kung may isang bagay tayong natutuhan sa pandemya, ito ang importansya ng pagkakaroon ng emergency fund. Ngayong may 2-week ECQ sa Metro Manila, maaari na nating gamitin ang ating emergency fund para sa dalawang linggo na walang income. Ang emergency fund ay katumbas ng sahod mo o backbone budget na magagamit sa mga hindi inaasahang gastusin. Tamang diskarte: if you have some money set aside and want to earn a higher rate of interest on your savings, switch to Lloyd’s and earn 5% interest p.a.!
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