Are you likely to save more money going forward in case another “rainy day” comes along in the future.
Or
More likely to spend more as you only live once.
I know this won’t apply to everyone as some can’t save due to income/expenditure being similar but I was thinking about my own circumstances and that I am likely to start saving more as my job doesn’t feel as safe now and my small savings don’t feel enough if the worse comes to the worst. I plan to cut back on what I deem unnecessary. The cup of Coffee from Costa a day, the sandwich from the sandwich shop for lunch, cutting back on clothes and the like.
Should a lot of people think like this then it will have a knock on effect on the economy which isn’t ideal given the fall this had had.
On the flip side there is the only live once argument which this illness has highlighted.
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Covid
Will CV19 affect your mindset money wise?
2 replies
btsky · 06/05/2020 11:34
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