Almost every country is now suffering economically due to which people's cost of living is increasing day by day and various companies have laid off their employees.If I were in his place it would be really difficult for me to manage life. Those who have no earning source know how hard life is, life of men without job is very miserable.Saving is a very important thing in people's life, those who have no savings understand how important saving is at some point.So every one of us should save money effectively in this case we need to save in some way from our needs.
Savings are necessary but won't be enough to get you through a period of unemployment because if you don't get a job soon, those savings will quickly be used up. Besides saving, I think any man should have an investment because investing in it can help us increase the amount over time, not standing still like saving. That will help a lot if one day we are unemployed, but investment is risky so be careful in choosing assets to invest.