Ten home finance truths I’ve taken from the pandemic | Money

We are not prepared for a rainy day
Admit it, when you saved for the worst, you never thought that day would come. Then we had a pandemic. Most people realised that they were massively underprepared, particularly the self-employed. Have you really got three months’ income tucked away? What about a will or life insurance? Have you written down where all your accounts are? What about lasting power of attorney? If you have not at least thought about any of these then if the worst should happen (heaven forbid) you and your family could face problems.

People will save . . . if you take away temptation
Forced to stay at home, and with the shops shut and holidays cancelled, we managed to save £184

Read more…