With this ongoing coronavirus (COVID-19) pandemic distress, it seems that we are new to this earth or a new inhabitant because the life of everyone has completely changed within one and a half months. All of us life have been impacted due to this pandemic by some way or the other. The situation is even worst for the one who suffered through pay-cuts and job losses.

 “It’s important that we practice prevention-saving and budgeting-so that we are better able to deal with crises like this one”                                              -Annamaria Lusardi (Economics Professor at George Washington University)

Coronavirus (COVID-19) is a virus that was first identified in Wuhan in December 2019, the capital of China’s Hubei province. This virus is just an outbreak until it moved beyond the geographical boundary of the nation.  And once it becomes pandemic it started to affect both the health as well as the economies wealth. The workers of the organisation in the gig economy or those workers whose income varies with level of work they do have suffered the biggest hit due to this pandemic. And they are amidst a very stiff financial crunch even after the help from the government. Even some of the retail shops and MSME’s wouldn’t be able to survive this hit and they wouldn’t be able to revive even after the pandemic. And also the workers and employees who work in sectors like hospitality, aviation are going through a more harsh conditions of financial crunch then in comparison to those in FMCG or essential goods. Managing the personal finance is very important because it acts as a guiding path for one household, when we pre-set our budget it will help to foresee and match at every point of time our expenses, savings, investment etc. So personal finance is all about meeting one’s personal financial goals. It all depends on your level of income, expenses, living requirements and individual’s goals and desires. My paper presents the economic condition of the household amidst this pandemic in India it also shows the financial crunch faced by people of the country besides the management of one’s personal finance amidst his pandemic.

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Keywords: Covid-19, Stock Up But Do Not Splurge, Credit Card Payments, Guard Your Healt.