Anyone that is thinking about becoming an investor needs to realize they not only need a solid strategy they can use to make profits from the markets, they also need to make plans for all the negative circumstances they may encounter, circumstances like losing your job, a sick family member, your car breaking down and so on.
So having some money saved up in the case of an emergency is a must, with 3 to 6 months of living expenses being regarded as a good benchmark for most people.
Isn't something like this often discussed before where in the end a reserve fund or emergency fund or whatever it is called must exist.
All those who have income and want to do good management must of course have considered this as an unexpected budget and that is the function of the reserve fund that must exist in financial management.
So that the division in this case apart from the basic needs that we must calculate, we must also plan for other unexpected needs from the start so that when things that are not wanted to happen such as a car that is damaged and must be repaired, a house that must be renovated and others, we already have a budget to cover it so that we do not need to take from the funds that we have posted from the start.
In the end, whether this is used or not does not matter, the most important thing is that this must be taken into account from the start so that we do not lose money later.