The coronavirus pandemic has turned lives upside down. Millions of people worldwide have lost their jobs or have seen their wages cut. In Singapore, some analysts predict that job losses may hit almost 200,000 this year. Despite various government support measures introduced, many companies have already had to reduce headcount and make wage reductions to survive.
Against this backdrop, you are not alone in feeling anxious about job security and lost income. While the broader state of the economy is out of your control, there are still many things you can focus on right now to get a better handle on your finances.
If you have been feeling anxious about pay cuts or losing your job, here are four things you can do right now to improve your financial future.
Start saving and budgeting
If you are still drawing a paycheck during this period, now is the time to