Made family holiday plans with the kids, but had to cancel them? With ever-tightening travel restrictions implemented by the government to reduce the risk of Singaporeans contracting Covid-19 infection while overseas, you may find yourself reconsidering your upcoming travel plans and calling for a refund on booked flights.
On March 18, the government announced for all Singaporean citizens to defer all travels for the time-being, while those returning from abroad will have to serve a mandatory 14-day Stay Home Notice (SHN).
One less overseas trip could mean a few extra hundred dollars in your bank account. With your plans now put on hold, now is a great time to focus on your financial well-being. Not only do you have the money saved, you also have extra time on hand (and legitimate reason) to actually plan your finances.
Here are 10 financially prudent things you can be doing with this extra money saved thanks (or no thanks) to Covid-19.