Tag Archives: pandemic

Millions of OFW’s Left Unemployed by the Pandemic

In Philippines, OFW’s (Overseas Filipino Workers) are hailed as modern day heroes. They contributed a lot in the economy, sending back money to their loved ones for local consumption. Thus, fuelling our economy. It is estimated that their total contribution alone contributed to around 11% of the countries GDP (gross domestic product) according to 2018 data. They are mainly responsible ... Read More »

In Times of Crisis, Hold On to Your Cash

hold cash

SARS pandemic in 2002 only lasted for 8 months. There were no widespread lock down and no millions of jobs lost. Economy around the world were not that much affected.Then came the COVID 19 pandemic which was believed to start as early as Dec 2019. It’s now October of 2020 and still no sight of getting better. 2nd wave or ... Read More »

How Pandemic Prove Us Wrong and Humble Us

In the past, I always advocate to have at least 6 months emergency fund. It’s all fine till the pandemic hits. We always thought that we are prepared financially. We assume that we have enough to last the hard times. This pandemic proves us wrong. It humbles us. Having 6 months of emergency fund is really not enough during the ... Read More »