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Economist Belyaev advised keeping part of your money in cash


Candidate of Economic Sciences, financial analyst Mikhail Belyaev said that a certain portion of cash should be kept in hand. Regarding what amount should be set aside and for what purpose, the expert said during a conversation with Lenta.ru.

It is not advisable to keep all the money in non-cash form, because there are some risks, the financier pointed out. As examples, Belyaev drew attention to such unexpected events as a power outage, suspension of ATM operations, and breakdown of a terminal in a store.

“You should have some amount of money lying around at home, and another in your wallet. You can go out into the street with a few thousand rubles, but at home it’s good to have a month’s income in cash. But everyone determines the amount themselves, based on their needs,” the economist said.

Earlier, economist Chibinyaeva warned that storing money in foreign currency is dangerous. Read more in material Public News Service.

Message Economist Belyaev advised keeping part of your money in cash appeared first on Public news service.

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