Financial risks: why it is important to have a back-up financial plan and financial reserves.

There are just a few simple rules to follow to keep yourself safe:

1. Insurance is sometimes very necessary. A car, an apartment, your own health and the health of loved ones will be safe if you take care of their safety in advance.

2. Consider a financial airbag. Ideally, this is five of your regular salaries. There is another way to calculate. Make a financial plan, figure out how much money you need each month, and multiply that number by six. This way, you will calculate the amount with which you can feel more or less at ease.

3. Use financial instruments. Interest on the deposit compensates for losses due to inflation, cashback cards will help return part of the spent money. Additionaly, study the possibilities of an individual investment account. Find out in what cases you can get a tax deduction and from what exactly.

What else would you add to these tips? Write answers in the comments.