A financial reserve is needed to be prepared for unforeseen situations that could cause you to lose income or a significant portion of it.
Thinking about bad things in advance is unpleasant, but necessary.
For example:
An unexpected layoff;
business closure;
health problems;
What is an emergency fund
This is the amount that will help you stay afloat until you return to your usual level of income. The recommended amount of reserves is a minimum of 3 and preferably 6 months of income. In most cases, this amount will be enough not to experience difficulties during the problem period.
What financial instruments to use

The main thing is high liquidity, that is, the ability to quickly get cash without losses. To do this, you can use:

A term deposit with the possibility of early withdrawal of funds without loss of interest. Deposits will partially protect funds from inflation and are insured by the state up to 1.4 million rubles;
cash in different currencies, but they are not protected against depreciation, as well as theft, fire, etc..;
an impersonalized metal account (OMC) – an account where precious metal belonging to the client is reflected. OMCs do not fall under the law on deposit insurance, and when selling metal, personal income tax must be paid;
liquid securities, i.e. those that can be sold at any time at a good price.

If there are difficulties in choosing financial instruments for the family reserve, contact an expert – a financial advisor from BCS Premier.