Who knew, right? Who could have predicted (aside from Bill Gates) that such a wide-scale pandemic would paralyze entire countries, leave thousands of businesses bankrupt and millions without a job or income.
While the Philippine government have tried to support people who have not had any income during the quarantine with some social amelioration programs (SAP, locally called “ayuda”), unfortunately, it was not really enough.
While some businesses restarted during the general community quarantine (GCQ) in June, the curve does not seem to have flattened at all and there are still a lot of people unable to return to work, such as Jeepney and bus drivers, etc. There’s also not a lot of people around and most small businesses I see seem to be struggling. Many have also closed permanently.
It’s a sad reality.
Who knew something like this would happen, right? I certainly didn’t.
There’s a reason why a lot of personal finance instructors tell people to save up an “emergency fund”, and this pandemic showed us exactly why.[Read more…]