Thread by @iam_balaji

#personalfinance - Impact of covid on personal expenses. Defition of needs have surely changed - wanted to quote a few of my experiences - while the norm would have to be that it would be life with real basics - but outflows for basic groceries have drastically increased -

Maybe 1.5 to 2x times of normal expenditure. Stay in an building which has 100+ flats - have various sourcing groups r formed where we are sourcing everything from veggies to n varieties of fruits (not sure in normal scenarios sour fruits consumption would have been so high)

While initial groceries cost would have been on account of a stocking impact coz of potential unavailability - but replenishing seems to be happening at the same pace - the very mode of sourcing I guess post covid is going to change - with singinficant players in the supply

Chain cycle being eliminated. Lot of debate in covid scenario for ordering takeaways from swiggy et all - this might become a norm post covid reopening where cloud kitchens would flourish more and faster than restaurants. What are the expenses we are actually going to get back

To incurring when life is back to business as usual - not too different is what I foresee at least for a quarter - by when a different spending habit and pattern would have been deep rooted and inculcated. With these kind of changes where discretionary spends are gonna be put on

Hold - how is the economy supposed to recover with this change in consumer behavior - Thoughts pls - @invest_mutual @larissafernand @RichifyMeClub @FI_InvestIndia