Save money, hard times ahead

Barbadians are being encouraged to position themselves to deal with financial shocks because they are coming.

The advice from consultant to the Financial Literacy Bureau (FLB), David Simpson.

Pointing to economic disruptions over the last two years, from the COVID-19 pandemic to natural disasters and even the Russia-Ukraine war, he said the challenges will continue so people should be prepared.

He says Barbadians must try to set aside money monthly to build the habit of saving, regardless of the amount.