If you endured Covid-induced lockdown like the rest of us, it can be tricky to adjust to the new normal of the end of 2020. While six short months ago you were probably planning your summer holiday and planning on going for that elusive promotion at work, all this may now have changed. One small blessing might be that you might have more money in your pocket because you aren’t heading out as much, you are saving money on fuel, and you are working from home. I know I saved a little bit during the serious lockdown period on this kind of thing but I also definitely spent a bit more on takeaways and treats for the house as we were inside so much more. Take a look at how you can invest and spend your Covid-19 savings in a pandemic world.

Forex fun

If you are spending more time at home or you are furloughed, if you wanted to, you could do something productive with your time rather than settling in front of the TV every day to watch the latest box set on Netflix like those at https://www.wired.co.uk/article/. Forex trading can be a lot of fun and it is hugely accessible to amateurs across the globe. You could learn how to buy and sell currencies in order to make a profit. Sign up for a dummy account and practise with some pretend money. When you have honed your skills you can buy yen against the dollar and sell krona against the pound in real life. This could top up your savings a little bit.

Spend wisely on things you’ll treasure

If you are eager to put a little joy back into your life after the lockdowns and self-isolation, think about putting your faith in love. If you have a partner that you are ready to commit to, it might be time to head to a site like whiteflash.com/engagement-rings/ and check out their diamond solitaire rings. Getting engaged and becoming hitched might not be as straight forward in 2020, as we well know, but it can bring a lot of joy to your loved ones to see you settled down and happy. People across the globe have reassessed their lives and placed greater emphasis on love and relationships than money and investments.

Debt

If you are managing to end up with more disposable income at the end of every month, don’t consider being frivolous and loading up your credit cards with more debt if you already have some. Being debt free and finding financial freedom will empower you to save more readily for your twilight years. Consider paying back more than the minimum payment each month. You will pay off more of the money that you owe and clear your debt more quickly. If you are struggling with debt, you could consolidate your monthly repayments into a single loan if it’s more helpful to see the number as one thing instead of different amounts in different places. Remember that there is always help out there, check out Step Change if you are really struggling. 

Remember that these are just ideas and I am not a financial adviser, speak to the experts before investing or consolidating any loans.