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How Saving and Investment Help us Reduce Financial Consequences
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[QUOTE="Vladv26, post: 255280, member: 39581"] I think what you are talking about in a fund for emergency situations and that is a must in every person's life. We are not even talking about saving or investing money here, we are talking about a a certain amount of money that is put in a secured place and used only when there is an emergency like the loss of a family member, the loss of your job, a financial crisis in the world and other situations like this. You should calculate how much money you would need to survive at least 6-12 months and this should be the minimum amount of money your fund should have. As I said this is the first most important thing. In addition to this you can also have a savings account and an investment account to generate you profit but only do that after you have set up your emergency fund account [/QUOTE]
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