How to save and spend during a crisis
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You need to have a plan for crisis because financial volatility can impair rational decision-making.
PHOTO ILLUSTRATION: PIXABAY
Connie Chang and Juli Fraga
When the United States began its war with Iran, Ms Merry Renduchintala’s first impulse was to “buy everything now”, before prices increased.
She isn’t alone. Roughly two-thirds of Americans feel stressed about money, and a March survey by the University of Michigan found that Americans’ overall confidence about their personal finances over the next year fell by 10 per cent.
