Stability
Learn when, how much and how to build a cash reserve for personal emergencies.
Build enough available cash to cover income fluctuations and essential expenses.
Do not aim for the ideal amount immediately. Start with two to four weeks of expenses and build towards three months.
The fund must be quickly accessible. A safety reserve serves a different purpose from medium-term investments.
If you use the fund, set a replenishment rule to reach the target again within a short, realistic timeframe.
To bring these habits together in one tool, visit the Prism Finance website or app.