Dealing with that pay cut
After a pay cut, spend money only on core expenses for a while
After meeting the basic expenses, if there is still some money left, only then think about investing.
As the country braces for lockdown 2.0, employees across most industries are staring at significant pay cuts. While it's a difficult situation to be in, the truth is the factors at play are completely out of our hands. But what's in our control is how we adjust to the new normal. Salary cuts definitely mean changes to the way we live and spend, but if we are smart we can tide over the situation with minimum pain.