INVESTMENT AND MONEY MANAGING FOR LOW EARNING PEOPLE DURING WORLD CRISIS.

The corona virus Pendimic had lead to loss of many jobs and increase in poverty line for most of the world population, many people are Choiceless to work on low wages and many had to leave their jobs. The reduction in medical aid for the Covid vaccines had also lead to loss of life for many individual's who were unable to get those vaccines due to the increase in demand and it's shortage. Most of the people loose hopes to survive in such a dreadful situation, but there are few ways to handle such situation which had supported many falling economies. 

• Clearing all bedt's/ avoiding any sort of loans. 

  During recession or great depression most of the people had to face a pace of jobless life, where he/she cannot earn a living for his/her family, so in such situation most of the people tries to gain loan from banks on the basis of mortgages or credits, Due to this most of them cannot repay their loans due to joblessness and had to give up their property's. So to avoid such situations, if someone had lost his/her job avoid taking any loans or credit and for those having jobs with minimum wages should avoid taking those loan's which cannot be repayed by them and both need to live a normal life by spending less money and saving more money. 

• Sharing a single room/flat with many. 

  It is often seen that if one person with 10,000Rs earnings cannot afford a healthy room/flat which is good for his/her living, but if he/she adjust's with few members to reduce the rent he/she can save some money for any further savings or some sort of business. 

• Growing eatables at home/ buying affordable eatables / Saving money by self cooking. 

    Many countries had observed a hype in inflation in last 100 years so similarly the rates of most of the eatables shows a sustainable growth during recession or great depression because thoe the prices could be affordable but most of the people cannot even earn so much that they could afford dairy products or some fruits or vegetables on daily basis, but not only this as there are really highly rated goods such as cooking oil, herbs, spices etc. Many people suffers from malnurisment during such situation as they could not afford the price of 1kg wheat. Many of such below poverty line people had to search for new regions to earn their livelihood, but due to the corona pandemic most of them had to suffer below average wages and a life full of suffering's such that even the food for 2 times a day is not available for few. In such situation those living in group's should try to grow those eatables which of very unaffordable cost in the market and should have wise selection while buying eatable good's required for daily basis, and to avoid the unavoidable cost of hotel food and beverages people should start cooking those food which can produced quickly and which requires less ingredients and needs less time. Such food could be rice,potatoes, lentils, peas, flour ,honey and poha.

• Using public transport rather than private transport or using bicycle for visiting nearby places. 

  Due to Covid19 pandemic most of the public transport are scheduled till date to avoid the spread of diseases this had lead to slow down of those relying on transportation business, many people had broked their relations due to no jobs during lockdown and even after lockdown there are reduction in their income this had caused increase in psychological depression of many people which had led to the increase in number of Sucide's and deaths due to the pandemic , so in such conditions we can use bicycle as an alternative to travel near distance infact for now we need covid test done with negative results which ensures proper permission to travel long distance. Most of the states are relying on 3 times covid examination for complete reduction of covid symptoms in the state. But most of the time during recession public transport provides a better alternative for long route travelling. 

• Saving electricity as much as possible. 

  In the era of increasing petroleum and coal rates most of the countries are trying to shift their dependence on Photovoltaics and using artificially created nuclear fussion techniques to generate electricity, but it could take several decades to achieve such achievement but till then human population is facing the problems of air and water pollution due to generation and use of petroleum products. As per calculation a 60 watt incandescent bulb cost 0.4 Rs for 1hours use which requires 0.03kg coal which cost's around 0.1Rs in India, these calculations are just for single bulb which cost's around 15Rs, but when calculations are done for 8 hours of 1 night then it cost's 3.4Rs which requires 0.24kg coal which cost's around 0.8Rs these calculations can be reduced for those 15watt led bulb which cost's around 200Rs to 300 Rs in India. These readings are just for a single bulb but for the whole India or the whole world it might go upto million or crore and also could be a few billion and the same amount of coal might be required and this was only about a single bulb but what about the other electrical appliances such as T. V, mobile phones, fans, washing machine, electric water heater, vaccum cleaner etc. So we cannot reduce the complete energy consumption but could try to reduce using appliances like light bulb, electric water heater, washing machine etc by using soy candles instead of paraffin wax candles for hours at night, using manually operated washing machine, and using solar water heater or maybe powered using photovolatics. 

• Conclusion:

              During recession or great depression or during pandemic government of every national declares some scheme so as to maintain the supply of money, the banks in a country are it's economic backbone which helps many people by aiding them loans for startup which generates employment. People in the world should have patience in investing and should spend their money wisely during or after or before a recession or economic depression. 

THANK YOU FOR READING MY ARTICLE.........