Not having an emergency fund was one of the greatest financial mistakes people made last year.
For most people, this is a financial mistake not only for the past year, but for almost all the years of their life.
Having an emergency fund is crucial, and while many people made this error last year, they should not repeat it this year.
People will definitely repeat this mistake and will repeat it year after year. You'll see. This is the lot of the majority.
People may ask, What is the appropriate amount to save?
The amount that remains if the next point of “OVERSPENDING” is eliminated.
2. NOT INVESTING
There are questions about this point. The global financial market is at the stage of “overheating” and many predict the collapse of the global economy (with good reason), therefore, investing in traditional financial instruments is questionable. You can easily lose money, and in this case, it’s better to leave this money under your
pillow.
Investing should bring profits, not losses. If you choose a good financial instrument for this, why not?