2023-11-29 11:10:00
Faced with the financial uncertainties that permeate the lives of many, the emergency fund emerges as a key piece to guarantee stability in unexpected times. Where to allocate this crucial resource? InfoMoney has prepared a comprehensive guide that unravels all the mysteries on the subject.
In an exclusive interview, Rosimara Braga, renowned financial consultant and professor of Accounting and Finance at Centro Universitário Internacional Uninter, highlights the importance of directing the emergency reserve towards very low-risk investments, emphasizing the need for immediate liquidity, security and low volatility.
The emergency reserve, according to Braga, is savings carefully accumulated over time, capable of covering fixed monthly expenses for a determined period.
This “safety savings” is activated in the event of sudden drops in income or unexpectedly high expenses, providing a safety net against layoffs, family illnesses and other unforeseen events.
Ilda Spritzer, professor at Fundação Getúlio Vargas (FGV) and author of “The bag in your pocket: Fundamentals for investing in shares”, reinforces the universality of the need for an emergency reserve. For Spritzer, this practice not only protects against debt, but also allows for more attractive allocations in long-term investments.
What is the ideal value?
The dilemma about the ideal reserve value persists. Rosimara Braga advises that the ideal amount varies depending on fixed monthly costs, suggesting that, for a CLT employee with a monthly cost of R$3,000, the reserve should be at least R$18,000, equivalent to 6 months of expenses. For business owners and self-employed professionals, the recommendation is a 12-month reserve of essential fixed costs.
Given these guidelines, it is clear that the emergency reserve is a fundamental part of the financial planning mechanism.
How to create an emergency fund?
The starting point in this process is organizing the budget, identifying financial bottlenecks and areas of excessive spending. This thorough analysis provides the release of resources necessary to effectively start the savings process.
Establishing a monthly amount to be allocated to the emergency reserve is essential, and the speed in adopting this practice is crucial – you should not wait for there to be a financial surplus, running the risk of never starting this savings and investment habit.
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