How to align your finances now for a possible lockdown

What you need to know:

  • For the business owners, now is a good time to rework your company’s finances.

  • Budget your business expenditure based on what you have in your bank account right now, and from what debtors may settle.

  • If you are self-employed or a wage-earner, and have some financial obligations to settle at the end of the month I suggest you approach your financiers right away.

I doubt that anyone saw this coming: Coronavirus landing in our airports from the West and getting cleared through customs, self-quarantines, schools closing indefinitely, businesses gradually becoming non-operational, employers sending their staff on compulsory unpaid leave, us working from home and testing each other’s sanity.... It is unprecedented. And frightening, to be honest.

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