Rules of conduct with finances during the war

“I am only interested in two things in life: a financial pillow and an orthopedic pillow. The rest please do not offer! – once joked my aunt-accountant. She always said, and now even more so, in such a difficult time, the importance of saving. Now that you can lose your job or your home at any time, pillow It just became necessary.

Today's edition. "Site" will tell you how financeWhen life has changed irreversibly. Real estate is better not to buy!



Financial cushion Now many have decreased income. Someone has lost their job or business, someone has lost their salary, and someone due to stress can not work as productively as before.

Some people in Ukraine lost not only their jobs, but also their homes, and as a result, moving to a new place, renting housing and the need to support relatives who lost their jobs. And plus inflation, prices are rising and incomes are falling. And then our conscience whispers in our ears every day: volunteer, transfer money to the army, because they protect us without sparing themselves.



Such realities, alas, are now faced by many. But there is no need to despair. There is always a way out of the most difficult situation, and this is what we will talk about today, dear reader.

Start with the proverbial pillow. Ideally, it should be for every person and every family. This money will help solve problems without having to borrow, and the availability of funds gives confidence in the future. And they are very helpful in difficult turns of fate. If you don’t have it, it’s time to start building it.



The optimal size of the reserve should provide you with financial security for at least 3-6 months. This should be an amount equal to your monthly expenses multiplied by 3, ideally by 6. I mean, six months. It can be a little less if you have multiple sources of income.

Part of the cushion can be kept in dollars or euros, this will protect against the problems inherent in the national currency. It is important that this money is easily available. That is, the option when they are in the bank at interest for six months and you can not withdraw them at any time is not suitable.



Distribute savings, given the availability of this money. If your savings are up to a thousand dollars, then keep them in cash, let them be at hand under any circumstances. If it is up to 4-5 thousand dollars, let a third of it be in cash and the rest in a bank account.

If you live near the front line or occupation, it is better to keep savings in the bank, and the airbag - at home in a safe or on a map. If you are abroad, it is better to place cash in a bank safe or on deposit.



For those who live far from the front line, you can not be afraid to keep half the amount on the card, as the banking system is stable.

Accumulation is the basis of the foundations financial literacy. Make it a rule to save at least 10% of any income. This money can not just lie at home, it can be made an asset, turning it into an investment. Of course, with the advent of war, the conditions and opportunities for investing have changed a lot not for the better for people, but they still exist.



For example, you can invest in military bonds, which will bring income to you and the APU. The rate at the moment is about 10%, besides it is not subject to taxation. But to invest in cryptocurrency or not, is now a controversial issue, since investments in the crypto sector are not protected by any state, generally not protected.

So now is definitely not the best time for such experiments, given that our future with you is no less unpredictable than the future of the crypto market.



Real estate is also a very risky investment right now, especially in Ukraine: you never know where a missile is going to go.

And it's worth it. liquidityizeThat is, how quickly you can sell something and get your money back. And if it is easier with bonds and stocks, then with real estate, precious metals or business you can hardly quickly figure out.



“When the war is over and we are victorious, I will go make teeth!” she said. Perhaps this is not the best solution for her or for the Ukrainian economy. First, the more the process with the teeth is started, the more expensive it will cost, and you can suffer. And secondly, using the services of a national manufacturer, you help the economy of the country. A person gets paid for his work, pays taxes – the economy works.

So if you forbid yourself because of the war to get a manicure, go to a massage and buy a new dress, because you think it is inappropriate and “what people will think”, stop. We have to live now! And with these small actions you will help not only yourself, but also Ukraine.



I also suggest you learn how to make friends with money and never be in debt again. They won't teach you that in school!



By the way, making money work under the current conditions is not the most important thing. The main thing is to have a financial safety cushion, which should be maintained and increased, maximally distributing risks so as not to lose your savings. Yes, with the advent of war, we all become poorer, which means that we need to try to stretch this process over time and mitigate its impact as much as possible.

It should be noted that the crisis is always about opportunitiesFinally, look where you were afraid to look! It is also about creativity and non-standard solutions.

What are your fears and questions about money?