Probably the last thing you want to think about during a crisis is working on healthy financial habits like saving money. But if you’re able to save, you can make your eventual recovery easier.
“Every time you put some [money] away, you’re looking out for your future self,” says Saundra Davis, founder and executive director at Sage Financial Solutions, a San Francisco Bay Area-based nonprofit that offers financial coach training and services to people across the wealth spectrum.
Whether or not your financial situation has changed since the start of 2020, you may benefit from these saving strategies now or down the road.
Do: Reduce costs, including bills if…