You first need to assess your financial situation, then set financial goals, create an action plan to guide you towards those goals, take an identified course of action and monitor your progress over time. Assessing your financial situation usually involves a listing of all your assets and liabilities.
Together with the effects of stepped‐up counter‐ pandemic measures in China, this has amplified fears that shortages and halts in global supply chains, which were expected to resolve gradually during the year, may extend or even become more pronounced.