Gamayunov emphasizes the importance of responsible financial behavior when it comes to creating reserves in emergencies. This money should not be spent on hasty purchases or risky investments. The ideal period for creating reserves, according to Gamayunov, is six months. This makes it possible to adapt in a crisis situation where motivation and strength may suffer in the first place.
To start saving, Gamayunov recommends analyzing your usual spending and identifying where you can cut unnecessary spending. The difference between your regular spending and your reduced spending is the amount you can save each month for a financial airbag. Multiply this number by six to determine the target amount of your emergency reserve.
Andrievskaya recommends setting aside 10-20% of each income and transferring it to a savings account at the bank. Using a savings account keeps your money ready, but the discipline of not touching the reserve is crucial.
Also, Andriyevskaya advises you to diversify your savings by opening a dollar deposit along with a ruble account.
Source: Ferra
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