Personal working capital
A routine cash buffer that absorbs timing gaps between income and expenses within a single month — rent due on the 1st while salary arrives on the 25th, quarterly taxes, bulk grocery runs. Distinct from the emergency fund (which covers unforeseen events): working capital handles day-to-day life.
Why It Matters
Without working capital, month-end becomes banking Tetris. With it, you calmly absorb timing mismatches without checking your balance three times a day. Ankora sizes it automatically from your spending profile.
Concrete Example
Rent 800 €, groceries 400 €, smoothed quarterly taxes 120 €/month → recommended working capital ≈ 1 200-1 500 € permanent cushion on the current account.