Every person should have a financial cushion, regardless of their income level, family status, and so on.
It needs to be formed not on Monday, but right now, as soon as possible.
To do this, you need to put aside an equal or any amount of money every month that will not hit your budget, but will allow you to preserve your savings and increase them.
It could be 2,000 rubles or 20,000 rubles, the main thing is that the person saves regularly, without missing a single month.
Typically, a financial cushion involves an amount equal to 3-6 person’s salaries, but it can be more, since everyone has different salaries.
To save money, you need to wisely refuse something, not squander your finances on all sorts of nonsense, and try to plan purchases in advance.
Usually a financial cushion is formed within six months to a year, but what to do next with this money?
Many people think that this is money that can be accessed at any time, whenever you want, but in this way a person will quickly deplete his reserves, and he needs to maintain them at a stable level.
To do this, you should resort to the help of a financial cushion only when it is vitally necessary, for example, buying expensive medicines, household appliances that suddenly break down, and so on.
But in other cases, you can’t spend money on something unnecessary, try to be content with the resources of your salary, but money is also put aside for a pillow from your salary, so it turns out to be a vicious circle that doesn’t allow a person to waste money in vain.
A financial cushion is a lifesaver for anyone who wants to save their finances, but at the same time be confident in the future and be able to manage money wisely.
But how can you spend money that you have put aside for future use if you have to spend it all often?
It’s okay, this is a reason to start all over again and collect money again to form another financial cushion, because this process should never end.
And it’s good for a person to never go into the negative, for his expenses not to exceed his income, otherwise there will be no talk of any accumulation of money.
The more economically a person lives, the better, but it is even better for a person to earn well, and not to live on bread and water, because it is much easier to save money for a financial cushion when the salary is 50,000 rubles than when it barely exceeds 10,000 rubles. You need to live within your means, but always strive for more.
Earlier I talked about how to create a friendly team.
