As the bees you should have your emergency reserve

Bees always produce more honey than they need. The purpose of this behavior is because they are cautious and always have their emergency reserve.

Ricardo Rangels ® ©

In the human world, an emergency reserve is an amount of money saved to be used in unexpected situations such as unemployment, medical treatments or accidents.

It is very important that all people have an emergency reserve, because in case of unforeseen circumstances, you do not ask loans to banks or having to borrow money from family and friends, which makes for an awkward and unpleasant situation.

The ideal value of an emergency reserve shall be the equivalent of your monthly income to give to you live well for 6 months to 1 year.

So if you get 1000 dollars per month, your reserve must be between 6 to 12.000 dollars, for if you become unemployed can keep for up to a year to get a new job.

Although these figures seem a lot to those who earn so little and even difficult to join, then start small, go keeping a savings account from 50 to 100 dollars every month, until the habit of saving keeps in your life.

It seems few, but with time you will have good results and may break to new challenges like learning to invest.

And never forget, your emergency reserve should only be for emergency, never use this to realize dreams of consumption, to buy something that is on sale or even to lend to other people, even if they are very dear people.

Sooner or later you may need that much more money than them, then we understand that while we like to help others, we need to think of ourselves and be prudent. 

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