Budgeting for staying at home

These are hard times.Many of us are working from home. We may be saving on transport and entertainment but our bills in other areas have gone up.Are we buying tokens in advance?  The urge to overstock on groceries and prescription drugs is real.The cost of electricity has increased on the wings of a weakening Kenya Shilling. We are all spending more on internet and TV subscriptions.Why do we give in to panic buying. It is very easy to go into a permanent scarcity mentality at this time. Question is "How long will my emergency fund last?" As a Financial advisor, I would like to recommend that any money you earn at this time should be well budgeted to include regular expenses,an emergency fund,a sink fund and an opportunity fund.

There will be a life after the worst of COVID 19 is over. Prepare for it now.All this sounds very theoretical. Practically plan your shopping lists to the last detail. I, personally have cut out snacks,sweets and chocolates from my lists. At the risk of dealing with an uprising from my children I have decided to save for Emergency,Opportunity and Sink funds and apportion some cash for what is absolutely necessary.I am happy to help you develop your personal COVID 19 financial response.