We don’t know how long the COVID-19 pandemic will last but we do know that the economic impact of the pandemic and the national lockdowns instituted by governments around the world will be felt for many years to come.
The COVID-19 lockdown has had a massive impact on businesses. Businesses both small and big may close down and this means that many more South Africans may be without work. While many others may experience a reduced income during this period.
For many people the thought of drawing up a budget is scary. There isn’t enough money to cover everything; the family wants and needs and the sums can be intimidating.