Everyone is going through a difficult period if we consider the situation from a financial perspective. No one is doing absolutely fine in this troubled time, not even the ultra-rich business people. Coronavirus has dealt a heavy blow to everyone economically. To be particular, the sufferings of the middle-class people are beyond descriptions. Most of the families are having trouble paying the monthly house rent while some others are even starving sometimes. So, what to do during this crisis to overcome financial burden? Read on to find out:

1. Slash down your monthly bills

We spend a considerable amount of money for different purposes every month such as cable network bill, maid’s payment, milkman’s bill and internet bill. If possible deduct some of these bills.

As for example, for the time being ask your maid to take a break. The husband can lend a hand to finish the household chores and wash clothes. This way you can save money. You can also ask the internet provider to cut you line for a few months and family members can resort to television for the next few months for fulfilling their entertainment requirements.

2. Sell some of your gold collections

Well, many may consider it as a bad option, but trust me this is really a good option. You probably don’t know that the price of gold is on a rising trend in the Bangladeshi market.

So, this is the right time to sell some of your collections to your jeweler at a higher price and keep the cash in your account. Experts feel that after the pandemic the price of gold items will fall down drastically. You can take advantage of that situation. Once everything gets back to normal and the price keeps going down, you can again buy some gold items with the money deposited in your account. In the meantime, you can use some of the money for your essential purposes.

3. Look for online opportunities

Keep your eyes to open to new opportunities and do that in addition to what you are already doing. Many businesses are looking for online content writers, grab this opportunity.

Prepare yourself for this job and approach them with a view to earning some money right from the comfort of your home. Even some people are also searching for online tutors. This is the right time. Do it for your family’s sake. This way you can earn money to meet the expenses.

4. Switch to a seasonal profession

You must know how to cash in on a disadvantageous situation and make it advantageous for you. For the time being forget who you are and what you used to do. Rather concentrate on what you can do at the moment.Go for a seasonal profession like selling health safety gears or home delivery agency. If you can hit the right chord, then you are sure to earn a lot of money.

If you follow the afore-mentioned suggestions, these will definitely yield some good results for you, at least from afinancial perspective.And one last point, don’t invest money anywhere now.

(The writer is a freelancer who takes interest in economics and financial affairs.)