Russians should keep the planned expenses for a week on a bank card. This method is a convenient way to store cash savings, but you should not just leave all the money on the card; opens The words of the NIFI analyst of the Financial Literacy Center of the Ministry of Finance (Minfin) Olga Daineko Agency “Prime Minister”.
“It is very convenient to have money on the card; they are always available and can be managed quickly. But you should not keep all your savings there, the optimal amount of money on the card is weekly planned expenses,” said Daineko.
In his opinion, it is better to add funds to unplanned expenses separately on the day of payment. This will save you from “emotional” purchases and let you learn about “reasonable” savings. However, Russians should set aside some of the money in their savings account, in addition to having money on their debit card.
“As you know, in some cases, if you do not take into account the accrued interest on the balance, the money on the card does not increase. Therefore, transferring some of the funds to the savings account will allow you to generate passive income and build up savings,” concluded Daineko.
December 3 Ministry of Finance Financial Literacy Center NIFI Analyst (Minfin) Olga Daineko statedProtecting money from depreciation can help deposit money in a bank. Real estate is also traditionally considered a less risky and stable object for investment.