This article is based on one part of the book by Dave Ramsey: The Total Money as a part of the book gives a list of things you should be saved, to be clear that it will be easier to save.
Well among the things for which we should save are:
1 .- Have an emergency fund of € 1000 .- All we need at some point in our life fast access to cash, in the book by Dave Ramsey featured a story about a woman who placed $ 1,000 in bills of 100 in a bottom frame with glass and wrote “In case of emergency break the glass” and hid the back of the closet where a burglar would look hard to steal.
This is an example of how having an emergency fund, preferably should give you immediate access to cash but you must do something to protect yourself and not use it to buy things on impulse.
2 .- Having a second emergency fund to cover 3-6 months of supply .- 78% of the incident that people will seriously affect your financial life in 10 years may be unemployment, divorce, an accident or serious illness , etc. is better to have money ready for these difficult days, in case of unemployment this emergency fund will help give you time to find a good job instead of having to accept the first offer you.
3 .- To have a retirement fund .- If you have a fund for your retirement will be condemned to live off the charity of your family or having to work to death.
4 .- Studies Fund .- The best time to save for college education of children is before they are born.
5 .- .- School Supplies is an expense that some may be strong, save it in advance to avoid having to borrow to cover these expenses.
6 .- Gifts and events in which you want to emphasize .- Christmas, personally significant events, are small pleasures and activities that we spend money but they help us to move forward.
7 .- .- renovate the house need repair it sooner or later and it is better to save money in advance for this.
8 .- Change Vehicle .- It is best to plan the purchase of a new vehicle that does not plan it.
9 .- Tax on housing or car .- Do not be surprised, they are an expense that many do not consider until they reach the last days for payment.
10 .- Medical insurance or life .- A health insurance for your whole family can avoid financial disaster in case of accidents or serious illness, life insurance will prevent the family is destitute if something happens to those who brought the money home .
These are like depots, ie things that are important and will be required at some point perhaps not immediately but it is preferable “to have and not need it than need it and not have them.”
