The financial reserve is not only one of the foundations of peaceful life, but also a necessity in the case of unexpected expenses. In addition, with increasing age, this need is still growing. How much and how should we save?
Even before we postpone the first crown for savings “in case of real needs in old age”, we should really say responsibly what could be the reason for their selection.
See how you can build a financial reserve. Inspiration can be a video on YouTube by Milan Zítek
Source: YouTube
Without strong will you do not save money
But according to this we also have to follow and not succumb to momentary temptation. The so -called iron reserve should only serve, for example, after the necessary financing of interventions in health problems, an unexpected outage of income or even housing loss. Other apparent necessities such as a week of rest in the mountains (although it would certainly be useful) should be financed from other sources.
Annual expenses in reserve
How big should this, in normal operation inviolable, actually be? Finance experts advise that it should be at least either the amount of six monthly income or twelve months of expenditure. How much it should be specifically in your case is certainly easy to find by simply multiplying the monthly base.
First savings, then spending
We can say – and it will be true that they are easy to advise, but more difficult to save, especially from lower income. Also, specialists have a clear opinion. Try to postpone the savings aside immediately after the money (payment or pension) comes to the account. You will only manage to manage the rest, and if it may mean a need for a certain stumble, if you do not see the finance on your account, it will be a bit easier. Sometimes it is simply not possible, but in this case it would be advisable to address social workers, for example, who can advise on available posts.
Even small amounts count
In order to get to the required amount of savings over time, we should regularly postpone at least ten percent of the income aside, such as a savings account. Keeping money at home under the mattress may seem safer if you do not believe banks, but it is important to realize that they lose their value every month due to inflation and other circumstances. If you can postpone even more, it will only be beneficial. In addition, it is necessary to realize that the sooner you start, the sooner the basic target amount will be saved and everything above it will be a kind of “bonus” to your certainty.
It pays to think
In many families, this is not easy, as in the case of lonely living people whose only income is a modest pension. Yet regularity even in small amounts brings its fruit. If they are still responsible younger families with children, it will also be good to reconsider the need for expenditure and minimize the really unnecessary ones. This does not necessarily mean a transition to a strictly ascetic way of life, but one or two unnecessarily costly actions per month would certainly be found in an active household. Consider that there will be a time when there is almost nothing left of the retirement, health problems can come, and then thank you that you once did not go to the cinema and prefer to postpone the money for the entrance fee aside.
Beware of ill -considered steps
Without a financial reserve, (not only) the senior can easily get into a difficult situation that will make him a reckless decision to reach for disadvantageous loans, or force him to rely on the help of the family. With your own financial pillow, one is calmer, more independent and better prepared for unexpected events. And how well we know: Who is ready is not surprised. Be prepared.
Sources: www.i-senior.cz, www.investia.cz, www.i60.cz
