Coping with cash flow woes amid Covid-19

Tapping govt relief schemes, tips to reduce debt explored at first askST@NLB virtual session

The Straits Times' Invest editor Tan Ooi Boon (left) and Mr Alfred Chia, chief executive of financial advisory firm SingCapital, at the askST@NLB virtual session on managing one's money during the pandemic, aired on The Straits Times Facebook page on
The Straits Times' Invest editor Tan Ooi Boon (left) and Mr Alfred Chia, chief executive of financial advisory firm SingCapital, at the askST@NLB virtual session on managing one's money during the pandemic, aired on The Straits Times Facebook page on Friday.ST PHOTO: KUA CHEE SIONG

No one will deliberately plan to fail, but the failure to do any planning can result in similarly bad or even worse outcomes.

That is the view of Mr Alfred Chia, chief executive of financial advisory firm SingCapital, who has encountered many people of late who find themselves short of money now because they neglected to plan during the good times before the Covid-19 pandemic hit.

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A version of this article appeared in the print edition of The Sunday Times on August 30, 2020, with the headline 'Coping with cash flow woes amid Covid-19'. Print Edition | Subscribe