Small Change

Good to save, but better to save with a plan

As with most recessions, it takes a crisis for you to start taking note of your finances. This one is no different.

I figure it is a confluence of factors: more time on your hands, less spending on dining, entertainment and travel, and a general uneasiness about the current economy. And financial security seems to be the most tangible form of security right now.

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A version of this article appeared in the print edition of The Sunday Times on June 28, 2020, with the headline 'Good to save, but better to save with a plan'. Print Edition | Subscribe