Pocketful of Dirhams: How to manage your money during the coronavirus crisis

With stock markets crashing and jobs and salaries in jeopardy, it's time to take care of your finances

Coronavirus is taking its toll on every area of our lives and nobody knows when the mayhem will end. This is why it is so important to take good care of your finances as well as your health.

Stock markets are crashing, employees are working from home, schools and entertainment venues have closed and incomes and jobs are in jeopardy. With so much uncertainty around us, it is time for all of us to assess how financially secure we really are.

Can you afford to support your family if your income is cut or you lose your job? And are you torn between buying and selling as the value of your investments dwindle?

Host Alice Haine, the personal finance editor of The National, is joined by Nyree McFarlane, The National's features editor, and Steve Cronin, the founder of DeadSimpleSaving.com, an independent community for financial education in the UAE, who shares his tips on how to manage your money in these uncertain times.

Listen to last week's episode for tips on the insurance you need in the UAE