Winter is coming. The cold is coming. Time for the nights to start earlier and earlier. The time to turn on the heating and feel, once again, a good part of the money that comes in month after month disappears because of the expenses that this entails. And even though, over time, we have become more savers, there is still a long way to go.
Because we now spend less on food or durable goods, but We don’t forgive trips or going to bars… and that’s where a lot of the money saved goes.
“The Spaniards are weak when it comes to savings. We lack financial education”, says Sara Ferrer, financial advisor and content creator.
To do this, three key points. First of all, planning. Know how much money comes in, how much goes out, and what it is spent on. The second aspect is generation of savings as if it were a fixed expense. As soon as it is collected, put money aside. Because what you don’t see, you don’t spend.
Then, and finally, investment. “You have to do it when there is a safety cushion. When you can cover between three and six months of expenses,” explains Amalia Guerrero, financial peace of mind expert.
