The last few weeks have been a rough ride for the economies and financial markets across the globe. With trade and commerce having come to a standstill, several salaried employees who would rely on a regular source of income to meet their living expenses, face challenging scenarios ahead. And if that's a concern, one can only imagine how daily wage workers are coping with this shutdown.

In such cases, we're left with no option but to bank on our savings. But the question remains: does everyone have enough to survive? To help us emerge stronger from this bad phase, Rachana Ranade, a city-based chartered accountant-turned-YouTuber, is stressing on the importance of financial literacy and discipline. She says, "During emergencies like these, if one doesn't have their personal finances in check and a contingency fund to count on, things can turn out to be unnecessarily complicated."