Veniamin Stepanenko, founder of the W-Trading investment platform, said that before you start creating a financial cushion, you need to decide on the amount that can be effortlessly allocated per month. It has been reported RT.
He emphasized that in banking applications there are services that allow you to automatically or manually transfer some of the funds to a savings account.
Stepanenko believes that to create a financial cushion, you need to use the right tools. He named bank deposits as the most popular option, but in this case it is necessary to choose appropriate interest rates.
“There is another popular way to save and increase finances – investing in real estate. This tool is considered the most reliable and can bring good profits with the right approach,” he said.
Prior to that, certified public accountant, investor Tatyana Volkova saidthat keeping money “under the pillow” at home is not worth it. According to him, the ways to save savings vary from person to person, but there are a few general rules for everyone.
Previously, the Central Bank of the Russian Federation sharply raised up to 12% key rate in an unscheduled meeting.