Time for a health check for your savings

2020 has turned out to be a year to forget, as a pandemic wreaked havoc on economies, jobs, health and lives. Against this backdrop, it is tempting to let personal financial planning fall by the wayside.

For now, you may be unable to maintain or increase your regular savings commitment. Still, there are ways to eke out savings on your various investment and insurance plans, or on your taxes, which will help in managing your cash flow and generating a higher net rate of return. Here is a checklist:

Revisit your insurance needs