How to stop worrying about money all the time

Why do we care so much about money

Because without them, there is simply nothing to pay for housing and nothing to buy food with. Life rises in price, it can knock the ground out from under the feet of even an inveterate optimist. Economic news is adding gasoline to the fire of anxiety: the outflow of capital from Russia has increased, the ruble rate has gone down, experts predict a fall in oil prices … After such news, you want to get into the closet and never get out of there. Does it sound familiar?

There really isn't much point in plaguing yourself with feelings and forebodings. We cannot influence the events taking place in the world economy. Whether we like it or not, crises will recur again and again. The only thing that can be done is to adequately prepare for them, so as not to face a rainy day with empty pockets.

What to do to get rid of anxiety

If you are between 20 and 30 years old, you have already experienced several financial crises of various sizes and you probably wondered what to do if the global or domestic economy starts to fever again.

Everything is quite predictable: in a time when money is in order, you should not go crazy, dropping everything down to a penny, but make stocks in case everything suddenly becomes bad. Yes, it sounds very boring, but this principle really works.

So, for starters, put 10-20% of your income into a piggy bank every month. This should be done immediately after you receive your salary, so as not to find yourself in a situation where the money is spent and there is nothing to save. Repeat until you reach an amount equal to your income for at least three months, and ideally six. You will get an airbag that will help you hold out if you are left without work or some unforeseen large expenses arise.

When the required amount is collected, think about how to dispose of it.

Storing cash in a cherished envelope hidden in the bottom of your laundry drawer is a very, very, very bad idea.

Are you afraid of inflation? Rightly afraid, she loves money that is bad. Over time, they are at least a little, but depreciate. For example, in a year for the same amount, you will be able to buy fewer goods or services than today.

You can protect your savings using different financial instruments. But we must remember that reliability and liquidity are important for your reserve capital - that is, the ability to get your money quickly and with minimal loss of income. The most common options are a bank deposit, a savings account, or at least a bank card with interest accrued on the account balance.

Investing in more profitable, but also more risky instruments for the financial airbag is not suitable. However, if you have accumulated more than six months of your income, try investing in securities. In the long term, you can not only offset inflation, but also earn money. Now this market is available even for novice investors with small amounts, for example, through mutual funds.

Think about currency risks. If you earn and spend in rubles, this is your main currency. But by keeping part of your savings in euros and dollars, you will protect yourself from losses in the event of exchange rate fluctuations. By the way, for those who travel more or less regularly, it definitely makes sense to keep some of the money in foreign currency. The main thing is not to buy it during periods of growth.

How to learn to correctly understand the news of the economy

As soon as money appears, worries appear. What will happen to the exchange rate, how will the deposit rates change, whether the volcanic eruption will affect the stock price, and so on. Understanding information noise can be tricky.

However, in fact, in many events taking place in the world economy, there is nothing terrible for the average Russian.

Over the past 20-30 years, we have experienced enough shocks to acquire the habit of being afraid of everything and always. Just like that, just in case.

At the same time, the importance of various phenomena from the world of finance is often exaggerated.

“How to stop being afraid of economic news and start living” is the topic of the third lecture from the “Financial Environment” cycle. Nikolai Korzhenevsky and Alexander Kareevsky, presenters of the Economics: Course of the Day analytical program on the Russia-24 TV channel, will tell you what these or those events mean for the life of ordinary people, teach you how to filter information and choose only important messages from the news stream.

The lecture will take place on October 4 at 19:00 at the Central Library. N. A. Nekrasova (Moscow, Baumanskaya street, 58/25, p. 14). Attendance at lectures in the "Financial Environment" cycle is absolutely free, but the number of places is limited. Follow the link below and register in the list of participants in advance.