There are several reasons for this recommendation. The main one is that, with a guaranteed emergency reserve, you have more peace of mind and security to face any unforeseen.
This is because, when you decide to invest money in an investment project, there is a certain degree of rigidity in this applied value. This means that, in every situation of need, the redemption is not immediate, which makes the scenario even more serious, or that you can lose money if you decide to withdraw the application from one moment to the next, without planning.
Now, if you already have that money separate, check out our tips and understand how much of the income to allocate to investments!
How important is the emergency reserve?
A good reserve is constituted based on an amount proportional to the payment of one year of costs without the input of any source of income. So, if your monthly cost is BRL 3,000, a good emergency reserve should be equivalent to BRL 36,000. This offers comfort in dealing with unforeseen situations such as accidents, illness, or unemployment.
The reserve works as working capital for your family. Imagine, for example, that in a bad time of the economy, you end up losing your job. With a good reserve, there are no serious changes in your consumption habits, and the family is not affected by this event, in addition to being calm until the emergence of a new job vacancy.
In this way, the reserve serves to maintain safety, well-being, and good consumption patterns during unforeseen times. Thus, it reduces your risk and maintains all living conditions, even in difficult situations.
How much of the income is allocated to financial investment?
With the complete reserve, you are free to apply for the money in the financial investment of your interest. It can be aimed at alternatives that produce passive income such as stocks, bonds, or debentures, or even for the purchase of goods, such as financing a house or car.
It is recommended not to exceed 30% of the monthly fixed income in both cases. Thus, you do not commit a significant portion of the budget and minimize the risk of default.
How to carry out good financial planning?
Good financial planning must be based on some basic assumptions. First, it is important to evaluate your income and expenses so as not to accumulate debts. Because, in addition to making it difficult for you to access credit. Such conditions can cause great stress and emotional exhaustion.
The second point is to have a good reserve for emergencies or business opportunities. This value serves to offer tranquility and comfort in the face of any adversity.
The third point refers to an intelligent application of capital. Considering the assets aligned with your investor profile and with the objectives listed for this acquisition.
Did you see how important it is to have good strategies to invest your money well? By creating an emergency reserve. You have the necessary security to plan your investments, allowing your assets to meet the agreed maturity period. Thus, your money yields more and guarantees your safety and that of the whole family.
Thanks for reading this article by ExtNext, hope you will learn something about the emergency reserves and financial investment.
