7 financial misconceptions you need to get rid of

1. Spend all the money earned

If you spend all your money cleaned up, then any financial difficulty can unsettle you. And it's not just about such serious problems as job loss or illness. If your refrigerator breaks down and you urgently need to replace it with a new one, this will also be a force majeure situation. And in this case, it is better to take money from savings than to get into loans and debts.

Try to create a financial cushion that will help out in difficult situations. Its amount can be equal to 3-6 months of your expenses. This money can be stored on a debit card or revocable deposit, as long as you can easily access it when needed. To save up the amount, you need to set aside some of the funds every month. It may be 10% of income, but consider your situation: if possible, save 20%, if not, start with at least 5%. To speed up the process, try to find additional revenue streams or cut spending.

2. Do not keep track of income and expenses

Financial planning is necessary not only for business, but also for an ordinary person. It allows you to understand how much you earn and spend, helps you save money for large purchases, and helps you choose an appropriate savings strategy. You will be able to see where the money is flowing and be more realistic about your options.

Better to start planning with setting goals. For example, let's say you want to buy a car, make repairs, and go on a trip. Prioritize your goals, think about how much money you need, and set specific deadlines. After that, analyze your income and expenses and calculate how much you have to save. If it is too large, the strategy needs to be adjusted. Gradually, as you learn to stick to the plan, you can start building investment capital.

3. Keep money at home

Keeping cash at home does not make sense - every year, inflation eats up part of the savings. Some amount can be invested in stocks and bonds in order to receive additional income, and some can be put on a savings card. It combines the properties of a regular debit card and a bank deposit. You can pay with a card for purchases, replenish it, transfer or withdraw money, and the bank will charge interest on the account balance. Usually banks provide for a limit on the card balance - for example, in order to accrue interest, it is necessary that the account has at least 5 thousand rubles.

4. Overpay for status items

Are you barely making ends meet but taking out a loan for a new smartphone to show off in front of your friends and colleagues? You seem to be living beyond your means. If you don't rethink your habits, this can lead to financial difficulties in the future. Instead of expensive purchases that you clearly cannot afford, it is better to think about the formation of financial airbags and personal capital - it can be invested in different projects and get passive income.

And planning will allow you to avoid expensive purchases or at least postpone them. Thanks to him, it will be possible to objectively assess your financial situation.

5. Do not invest in your development

Investing in yourself is a great way to increase income in the future and reach a new level of life. It’s foolish to just lie on the couch and wait for the employer to knock on the door and offer a lot of money. But for training spending to be effective, you need to define a goal. Let's say you need English to work. You can teach it in courses or with a tutor. Formulate a clear goal - for example, to communicate freely with native speakers, to get a job in a foreign company, to pass an international exam. Determine the specific time frame and amount that will be required.

6. Invest in obscure projects

Trading on the Forex market, investing in startups and other super-risky projects promise big money. But you can easily lose them. Especially if you don't understand these financial instruments. Therefore, it is advisable to invest no more than 10% of savings in such projects. The rest of the money is best invested in more conservative instruments. If you are a beginner, then you can start by buying government bonds and shares of "blue chips" - large and reliable companies. Such investments will not bring much return, but will allow you to understand how the stock market works.

Some banks offer to open an account with a ready-made investment strategy. You can consider this option, especially since impressive amounts are not needed to start. You can start, for example, with 10 thousand rubles.

7. Use the card without cashback

With the help of a bank card, you can not only pay for purchases, but also receive part of the money spent back - in the form of a cashback. Sounds weird. Why would someone give you money back? But in fact, it is profitable for the bank: the greater the turnover of funds on the cards, the more commissions it will collect. And you can save money - provided that you are smart about spending.

The bank can charge cashback in rubles, bonuses or miles. To choose the most profitable option, track your spending for a month or two. For example, if you often buy baby products, a card that can be credited with bonuses for purchases in stores for children may be beneficial. And if you travel regularly, it is wise to choose cashback miles and spend it on buying tickets. Pay attention to how much the card service costs: it should not be higher than the cashback you can get.

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Servicing the "Profit" card (hereinafter referred to as the Card) - 0 rubles per month for purchases over 10 thousand rubles in month (some purchases are not taken into account, the list is on uralsib.ru), in other cases, the service is 99 rubles per month. Cashback condition: for Cardholders participating in URALSIB Bonus (hereinafter referred to as the Program) when using bonus rubles (hereinafter referred to as BR) for the Reverse cashback "- a payment to a DS Card in the amount of a purchase made in rubles using a Card with the Program in the amount from 1,500 to 50,000 rubles in the previous month, in exchange for BR. Accrual of BR: for purchases with the Card with the Program at the rate of 1 BR = 1 ruble in the amount of up to 3% of the amount of purchases made with the Card per month (some purchases are not taken into account, the list is at www.bonus.uralsib.ru). 1% - within the first month after registration in the Program, from the second - with the amount of spending on all Cards client with the Program from 10,000 rubles (some purchases are not taken into account, the list is www.bonus.uralsib.ru); 1% - if there is debt on a credit / debit card of the Bank with a line of credit (hereinafter collectively - Card debt) from 5 000 rubles inclusively for at least 1 day within a month or with the balance of the loan amount from 100 000 rubles inclusive at the beginning months; 1% - if there is a package of services "Priority", "Status", "Private", Premium Light, Premium, Premium Sport (respectively "Premium Light", "Premium", "Premium Sport") for 3 months or more, or if there is a Card Debt of 15,000 rubles inclusive, at least 1 day within a month. The maximum volume of purchases per month for which BRs are charged is 400,000 rubles for clients with packages services "Priority", "Status", "Private", Premium Light, Premium, Premium Sport and 200,000 rubles for others clients. BRs are canceled: if within 6 consecutive months there are no transactions to enroll or use the BR; if there is an overdue debt of 30 days (inclusive) on any loan at the Bank. The term of the BR is 12 months. Every month, 8% per annum is charged on the daily actual balance of the DC on the Card in the amount of up to RUB 1 million inclusive. purchases with the Card over 10 thousand rubles (some operations are not taken into account, the list is on uralsib.ru), up to 10 thousand rubles (inclusive) - 0.1% annual; in case of excess of 1 million rubles on the Card, interest on the excess amount is not charged. The Card is valid for 4 years. Commissions: changing the PIN-code / unblocking the Card using ATMs (hereinafter - BT) of other banks - 50 rubles; request for the balance of the DS through the BT of other banks - 30 rubles. Information service - 59 rubles per month, the first 2 months are free of charge. Servicing an inactive card account from 365 to 730 days - 199 rubles, from 730 days (inclusive) - 250 rubles. Cash withdrawal (hereinafter referred to as VN) at points of VN (hereinafter referred to as PVN) - 0.7% of the transaction amount (hereinafter referred to as CO); VN in PVN and BT of other banks on the territory of the Russian Federation with CO up to 3 thousand rubles - 99 rubles; VN in PVN and BT of other banks outside the Russian Federation - 1% of CO, but not less than 110 rubles, a commission may be charged by other banks; VN without a Card in the PVN of the branch of the Bank, in which the account is opened, in the amount of up to 1 million rubles / equivalent in conventional units (inclusive) - 1% of CO, from 1 to 3 million rubles - 5%, from 3 million rubles - 10%. Crediting to the DS account through BT and the payment terminal (hereinafter referred to as BPT) of banks according to the list approved by the Bank on the Bank's website (hereinafter referred to as the List) - 0.5% of CO. Cashless transfer of DS (hereinafter - BPS) to BT and BPT Bank from Card to cards of other banks on the list - 1.5% of CO, but not less than 60 rubles; BPS in BT of banks according to the list from Card to cards of the Bank and banks according to the list - 1% of SB, but not less than 30 rubles; BPS in other organizations from Card to cards of other banks - 1% of CO, but not less than 60 rubles; BPS in the Bank's Internet channels from Card to cards of other banks - 1.5% of CO, but not less than 60 rubles. Use of DS, composition. technical debt (hereinafter referred to as TK), within the term of reimbursement of TK, in percent per annum - double key rate of the Central Bank of the Russian Federation.

The conditions are valid as of 12/07/2021.

Detailed information - call 8 800 250-57-57 and on the website www.uralsib.ru. Advertising. It is not a public offer. PJSC BANK URALSIB. General license of the Bank of Russia - No. 30 dated 09/10/2015.