What can be added to the financial safety cushion?
In addition to cash savings, there are many auxiliary tools that can be used to pay off in difficult situations. The most accessible of them iscredit cardwith a long grace period. It can be used if you suddenly need to, for example, buy new household appliances or pay for medical services.
A credit card will not replace a financial cushion, but it can be used to cover urgent expenses without paying interest to the bank.
It is best to keep money in the currency you plan to use. The problem is that in times of crisis, high inflation can reduce the size of savings. For this reason, experts recommend keeping your money in different currencies (rubles, yuan, dollars, euros, etc.). Be sure to keep some funds in the national currency so that you can quickly pay off your bills.
What can it be used for?
A financial safety cushion should not be viewed as a reserve slovenia mobile database fund for collecting money for household appliances or a car. This is money to cover expenses for the most basic needs - health, food, payment for housing and communal services and repayment of loans - during a period of unemployment. The ability to use funds for their intended purpose is an indicator of the financial literacy and maturity of their owner.
Bank Sinara offers suitable options for storing savings. For this purpose, the line includes profitabledeposits and accounts, and alsodebit cardswith interest on the balance and cashback for purchases. Find out the rates on the bank's website or contact the manager by phone 8 800 1000 600 and start creating a reserve right now!
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.