While we are still studying, we are aware of our future responsibilities in a vague way. But as soon as we start working and earning a salary then the realities of the world hit us very hard. Being on our own we learn to manage within the income and still need to pay back the debts already mounting due to various mortgages- education and car loan etc.
Planning sounds wonderful as an advice but implementing that plan is very difficult. When we are young we are surrounded by many temptations. We want to buy designer clothes, go to better restaurants and travel the world. Even if all these ideas remain in our dreams, it is difficult to figure out and stick to a budget. Slowly our income increases but so does the responsibility. We often forget to take into account the necessity of an emergency fund.
Crisis, as the name suggests, can happen anytime and does not depend upon our monetary condition, though our finances are the first thing hit by any kind of issue in our life. Whether it is some kind of a disease, job-related issues, travel due to some family problems, appliances at home or any other problem, we need to have some money available to handle the emergency.
The best advice that any money manager can give and that you must use is to have an emergency fund always available. You must make it a point to save some money in this account as often as you can. You can do it in various ways and have a separate account or keep a certain amount in a fixed deposit that earns better returns. You can start a trading account where you use your surplus money to be used for trading that can earn better returns. Though this may sound risky there are very trustworthy trading platforms like the Bitcoin Loophole software. You can trade and make digital currency using the robot and then reinvest it to make more money. Withdraw only if it is an emergency, otherwise, let it grow as long as possible. This automated trading robot comes highly recommended and is really useful.
Be very strict and clear about this emergency fund that it will be used only under certain conditions. Your strategy should be simple. You should not touch this account unless it is a real emergency. What really happens otherwise is that people save money for an emergency and end up using it for some impulsive shopping, postponing the saving to the next month. The pattern becomes a habit and when the real crisis happens the account may have next to nothing.