{"id":1614,"date":"2021-05-10T03:41:25","date_gmt":"2021-05-10T03:41:25","guid":{"rendered":"http:\/\/cashvisory.examinia.com\/?p=1614"},"modified":"2021-06-02T06:36:10","modified_gmt":"2021-06-02T06:36:10","slug":"5-personal-finance-learnings-to-take-away-from-covid-19","status":"publish","type":"post","link":"https:\/\/www.cashvisory.com\/blog\/5-personal-finance-learnings-to-take-away-from-covid-19\/","title":{"rendered":"5 personal finance learnings to take away from COVID-19"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1614\" class=\"elementor elementor-1614\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61f89118 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61f89118\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a7e0d22\" data-id=\"3a7e0d22\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3af773c5 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3af773c5\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d8b6b5a elementor-widget elementor-widget-text-editor\" data-id=\"7d8b6b5a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Key Takeaways<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Make sure you and your dependents are protected with sufficient health insurance coverage so that you can get the necessary healthcare when you need it.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Having 3-6 months of your expenses as emergency funds is a must have.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Term life insurance with a coverage amount that is sufficient enough to take care of our dependants is critical.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Saving and investing early is important to ensure life\u2019s uncertainties don\u2019t put you off-track from your goals.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Do not borrow beyond your means so that you avoid the debt trap at all costs.<\/strong><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39812541 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"39812541\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-393fb9c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"393fb9c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-27ad3a7\" data-id=\"27ad3a7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-682f6ae elementor-widget elementor-widget-text-editor\" data-id=\"682f6ae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Make hay while the sun shines. Every time life throws its challenges, you can\u2019t help but wonder &#8211; only if I had prepared for this situation better when I had the chance. Unfortunately, by the time this thought pops up in our head, it\u2019s too late to do anything about it.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b88ace elementor-widget elementor-widget-text-editor\" data-id=\"3b88ace\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This cycle of callousness and regret plagues personal finance very often. It is very important to hope for the best but plan for the worst with your finances. Amidst the havoc that COVID-19 has brought about, it has also served as a harsh reminder of some of these basics of personal finance that no one should ignore. Here are 5 of the most important ones.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e6b7b0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e6b7b0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cc93f83\" data-id=\"cc93f83\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d6df1a4 elementor-widget elementor-widget-image\" data-id=\"d6df1a4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"535\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3-768x535.png\" class=\"attachment-medium_large size-medium_large wp-image-1616\" alt=\"personal finance learnings from covid 19\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3-768x535.png 768w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3-300x209.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3.png 888w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6f3f1e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6f3f1e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-519ecd9\" data-id=\"519ecd9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ec112a3 elementor-widget elementor-widget-heading\" data-id=\"ec112a3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1) Health insurance is non-negotiable<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1a4ee8 elementor-widget elementor-widget-text-editor\" data-id=\"a1a4ee8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If there was any scope of doubt about the criticality of having comprehensive health insurance, COVID-19 has put them to bed. Make sure you and your dependents are protected with sufficient health insurance coverage so that you can get the necessary healthcare when you need it, without putting a dent into your hard earned savings and investments. With skyrocketing healthcare costs and increasing competition for quality healthcare resources, you want to make sure you have the best options available to you when you need them most. We have covered this topic extensively in our <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/insuring-yourself-against-skyrocketing-healthcare-costs\/\"><span style=\"font-weight: 400;\">post on health insurance<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0956436 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0956436\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-03ea1da\" data-id=\"03ea1da\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-49d4328 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49d4328\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d22d8f3\" data-id=\"d22d8f3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc14a5c elementor-widget elementor-widget-heading\" data-id=\"dc14a5c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2) Emergency funds are a basic need<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dda1578 elementor-widget elementor-widget-text-editor\" data-id=\"dda1578\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Having 3-6 months of your expenses as emergency funds is a must have. Sudden unforeseen expenses or losing a job can put you in a situation where you\u2019re forced to sell off your assets or borrow money. Both of these options are undesirable. If there is an emergency, you might not be able to get a good price on your assets and might even have to sell at a loss. If you have to borrow, the immediacy of your requirement will mean that you will have to borrow under adverse conditions or high interest rates. Instead, keep some funds in the bank so that you can deal with anything that life throws at you. We have discussed this in more detail in our <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/are-you-prepared-for-financial-emergencies\/\"><span style=\"font-weight: 400;\">post on emergency funds<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-823ff23\" data-id=\"823ff23\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b58e79 elementor-widget elementor-widget-image\" data-id=\"2b58e79\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"561\" height=\"408\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image1.png\" class=\"attachment-large size-large wp-image-1618\" alt=\"emergency funds\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image1.png 561w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image1-300x218.png 300w\" sizes=\"(max-width: 561px) 100vw, 561px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-86abe73 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"86abe73\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2282a12\" data-id=\"2282a12\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-779813a elementor-widget elementor-widget-heading\" data-id=\"779813a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3) Protect those that depend on you with life insurance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a85df7f elementor-widget elementor-widget-text-editor\" data-id=\"a85df7f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">COVID-19 has been a sobering reminder of our mortality, re-establishing the need for life insurance. Having a term life insurance with a coverage amount that is sufficient enough to take care of our dependants is critical. This will help make sure that the burden of any loans one may have had doesn\u2019t fall on their loved ones. It will also help ensure that one\u2019s assets remain intact and that their dependents have enough liquidity to take care of any short-term obligations. Most importantly, it will go a long way in helping one\u2019s\u00a0 family stand back up on their feet and be independent in the future. We have explored this further in our <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/life-coverage-the-most-important-financial-product-youll-ever-buy\/\"><span style=\"font-weight: 400;\">post on life insurance<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8f7b0d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8f7b0d4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ca49582\" data-id=\"ca49582\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fb6b217 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb6b217\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3044600\" data-id=\"3044600\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1527c45 elementor-widget elementor-widget-heading\" data-id=\"1527c45\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">4) Save and invest for your goals early<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42085ef elementor-widget elementor-widget-text-editor\" data-id=\"42085ef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When times are good, use it well to fuel your rocket. Do not spend all your income, try to save at least 20%, if not more. Make sure you use your savings wisely by investing it towards your goals. This will help you beat inflation, help you leverage compound interest in your favour and as a result, help you get to your goals early. More importantly, in case you face an unforeseen setback, you will have a tank full of gas to help you navigate the ups and downs and your goals will not be compromised significantly. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-79c4f45\" data-id=\"79c4f45\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-edfccda elementor-widget elementor-widget-image\" data-id=\"edfccda\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"221\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image2-300x221.png\" class=\"attachment-medium size-medium wp-image-1619\" alt=\"save and invest for goals early\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image2-300x221.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image2.png 546w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9e62bdb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9e62bdb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0acb90f\" data-id=\"0acb90f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72a66dc elementor-widget elementor-widget-heading\" data-id=\"72a66dc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">5) Don\u2019t borrow beyond your means<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba2c6f8 elementor-widget elementor-widget-text-editor\" data-id=\"ba2c6f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Overuse of borrowed funds, especially to fund consumption beyond your means, can be detrimental. Being over-leveraged is in general harmful for your finances as compound interest is working against you. However, the situation can really turn ugly if things go wrong, for instance, if there is a loss in income or a big sudden expense comes up. In such cases, you will still need to continue paying your loans, which can potentially result in default and eventual bankruptcy. We have studied this further in our <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/solvency-ratio-avoid-the-debt-trap\/\"><span style=\"font-weight: 400;\">post on avoiding the debt trap<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7065695 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7065695\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-afbcd17\" data-id=\"afbcd17\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55b8ed1 elementor-widget elementor-widget-heading\" data-id=\"55b8ed1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bottom Line<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4980e7 elementor-widget elementor-widget-text-editor\" data-id=\"c4980e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">When times are bad, all we can do is put our head down and tell ourselves &#8211; we will get through this. At the same time, we should introspect and learn lessons to do better in the future. Every adverse situation comes with heaps of learnings. It\u2019s important to learn them when the time is ripe. COVID-19 has been hard, but we are all in it together and will get through it. Take good care of your health, and when you can, spare a thought for your finances in these tough times. Make sure to stay home and soak up the lessons that these unprecedented times have served up.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Make sure you and your dependents are protected with sufficient health insurance coverage so that you can get the necessary healthcare when you need it. Having 3-6 months of your expenses as emergency funds is a must have. Term life insurance with a coverage amount that is sufficient enough to take care of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[33],"tags":[],"class_list":["post-1614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"uagb_featured_image_src":{"full":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3.png",888,619,false],"thumbnail":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3-150x150.png",150,150,true],"medium":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3-300x209.png",300,209,true],"medium_large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3-768x535.png",768,535,true],"large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3.png",888,619,false],"1536x1536":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3.png",888,619,false],"2048x2048":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/05\/image3.png",888,619,false]},"uagb_author_info":{"display_name":"Admin","author_link":"https:\/\/www.cashvisory.com\/blog\/author\/admin\/"},"uagb_comment_info":4,"uagb_excerpt":"Key Takeaways Make sure you and your dependents are protected with sufficient health insurance coverage so that you can get the necessary healthcare when you need it. Having 3-6 months of your expenses as emergency funds is a must have. Term life insurance with a coverage amount that is sufficient enough to take care of&hellip;","_links":{"self":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/comments?post=1614"}],"version-history":[{"count":5,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1614\/revisions"}],"predecessor-version":[{"id":1659,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1614\/revisions\/1659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media\/1616"}],"wp:attachment":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media?parent=1614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/categories?post=1614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/tags?post=1614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}