Here are a few pieces of advice on creating a financial airbag without much stress.

Today we’ll talk about the essentials. Here are a few pieces of advice on creating a financial airbag without much stress.

A financial airbag is important, especially in the current world situation, isn’t it?

▶Remember that the money reserve should provide your usual standard of living for 3–6 months.

▶ Expenses include everyday spending: not only products, communication, transport, and utility bills, but also clothes and loan payments.

▶ To calculate the average monthly expenses, you can look at your expenses for the year and divide them by 12.

▶ You must keep a reserve with a quick access to cash.

▶ It is better not to invest in shares that have been set aside for a rainy day. It may happen that the money is needed urgently, and the stock price has dropped.

▶ The ideal option is a card with a percentage on the balance or an expense-replenished deposit. So, money can be quickly withdrawn, and the interest will cover inflation a little — or at least equal to it.

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