Management of financial incomes

Management of financial incomes and relationships with banks, in pandemic times

The person as a human being, has consider as its strong instrument, the financial relation with himself, with others, with social groups and of course with financial institutions. So, this year, 2020 as a moment that human history will analyze and remember it for a long period of time and this moment will determine the new conditions for the future. What happens with the person as a human being, what happens with their preparation, what happens with their investment till now, and what about other questions??  The most important focus of live, the money, the financial incomes, in “this COVID-19 year”, in pandemic conditions, moved steering rails towards balance or disbalance.

There are different social groups, and refer to the groups who has a high level of living with high level of financial incomes and for those groups, the pandemic time has a small impact but only the experts can analyze in economic terms the impact to this groups. But in my opinion, I just want to expose the economic situation of group with normal incomes according to our reality. The relation between this group and banks. For example, just for the moment can we image our live without the banks? What can happen in the world? I will be scared and you too because all person needs the support of institutions. And this imagination can exceed the border of pandemic. So, how people can manage their financial incomes, with or without banks?

First, the person or the familiar creditor is in dilemma: what about job position, what about the bank loan? Somebody can manage it, somebody lost his job position, somebody lost his economic incomes. So, what are the difficulties and where the bank is? Jus remember, the bank has helped in difficult moments, or in other moments. Also, in this time, the banks have their formats in new conditions and other facilities for which we would be grateful. The financial management in this time is related with just a single word SAVING. And all persons and families must have their savings, their ATM, their budget and this time isn’t for new investments and spaces but is time of limitations. And for new investments we turn to the bank and being correct with all rules of borrowing process.

Second, the persons with no bank loan has managed much better this pandemic situation. But also, for this people is common the word “Saving”.  All people know this word now and all investments are reduced. But banks offer different types of loans for all level of society.

Third, we don’t know how long will last the pandemic situation, so all people of all levels should save. In those conditions, there are banks that can help all people for the savings. There are a lot of people that can save nothing without the bank. So, all people must “smile” to the bank as an instrument that can help them in all times.

The pandemic as a problem of modern time and life with focus international balances, impact also money as a main instrument in a hand. In addition of social distance, masks, and tasks against Covid-19, all people must care about their financial incomes. “The bank of brain” and the bank as an institution now are melted. The institution of bank is hope-giving. When the pandemic ends, all people will work harder and will reevaluate the relation with moneys. The word “time”, “money”, “saving”, “balance” can consider as the essence of the transition from one phase to another. Don’t forget the beautiful path: Home-Bank. It remains beautiful, forever!

Mimoza Konomi

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