Paying it forward: You should quarantine your money too

Paying it forward: You should quarantine your money too COVID19Quarantine

While millions stay at home fearing the rising fatalities from COVID-19, I am surprised at how some companies and entrepreneurs are looking at it as one more way of cashing in by turning the crisis into a money-making opportunity.

I was also added to chats that offer food delivery, household items, construction materials, and it appears there is a group for almost anything you could need and want while on quarantine. You and your wallet should ideally be on quarantine together. Here are some tips to help you hold on to your cash in this emergency.R.A. No 11469 or the Bayanihan to Heal as One Act mandated a 30-day grace period to loans with principal and/or interest falling due within the Enhanced Community Quarantine period without incurring penalty interest and charges. Initially, that period was for March 16 to April 15, 2020. With ECQ extended, the grace period is extended too.

Most banks waive the fees because they are hoping to cut down on the queues at their branches and move some of the transactions onto the digital world. With Apps though, because of the convenience they offer, there is usually a fee when you cash in or out.

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