Five things to do in this lockdown

We've often heard that great changes are preceded by chaos. Forcing economies to shut down, Covid-19 has created quite a bit of commotion. There are piles of visible negatives; however, there still are hidden bright spots. The current situation of being home bound presents all of us with an opportunity to think about things which we would otherwise keep postponing. Staying positive is a DIY venture. Here we list out five things you can do in this situation that can help augment your financial health. 1. Set up a financial plan The most important aspect of any journey is whether you have an itinerary or not. Such is the case with an investment voyage. Take the lockdown as a blessing in disguise, rework on your thesis and create your financial plan. If you have been saving for long then spend time evaluating if you are saving enough. You can devise a plan based on the following: Discuss with your family and spend time thinking about your goals. A smart investor is the one who focuses on listing out the goals for which he/she is saving. Consider classifying the goals into near-term, mid-term and long-term. Analyse how much you need to save and invest to achieve each of them. Further, explore the best possible parking vehicles for the same. If you already have investments, assign them to different goa