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How to rebuild your financial life if covid left you broke

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Replenish your rainy-day fund. The pandemic unleashed a flood of economic strife that will have decimated your emergency fund, and that’s okay. Should you’re ready, begin rebuilding this all-important security net (or begin one, in the event you by no means had a rainy-day fund). You could be inclined to pay attention solely on paying down your money owed, however don’t ignore the necessity to have a small financial savings cushion. Should you don’t save one thing and you’ve got a monetary emergency, your solely possibility could also be to borrow once more, and also you wish to keep away from this whilst you’re in restoration mode.

https://www.washingtonpost.com/enterprise/2021/09/07/financial-recovery-post-covid/?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | The right way to rebuild your monetary life if covid left you broke

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