Cryptocurrencies and cryptoassets are digital means of exchange that use strong cryptography to secure transactions, control the creation of additional units, and verify the transfer of assets. In short, they constitute “digital money”. In recent years this currency has become very popular as a form of investment, especially among young people, a group willing to take a lot of risk in exchange for a higher return.
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Children and money: should they get an allowance?
Child allowances are often a source of doubt for many families. From whether or not to actually pay them an allowance to when to start or how much money to give at each age.
Your savings rate is more important than the return on your savings
Saving is the basis of healthy and stable personal finances. It is the cornerstone that will later support your entire financial system and perhaps the most important element for achieving financial peace of mind.
What is cashback and how to take advantage of it?
We all like to get free stuff and think we’ve got a bargain. These are the cornerstones of cashback, a marketing technique that rewards your purchases with savings, but it can be dangerous if you don’t know when to take advantage of it.
Does the savings envelope method work?
There are many ways to organize your finances so you can save and invest. The envelope method is one of the simplest and most traditional.
Cognitive biases that condition what you buy and how you invest
Have you ever felt like you were making decisions on autopilot? You don’t understand how you ended up buying that big TV? Why you save so little, even though you know it’s important? The answer to all these questions lies in your brain and what are known as cognitive biases.
How to make the most of your cash
What should you do with your emergency fund? Is it possible to get a return on the money you put aside for unexpected events? This question is becoming increasingly common in the face of rising inflation.
What should you do with your savings in a recession?
An economy goes into recession when its Gross Domestic Product (GDP) contracts for two consecutive quarters. This is the technical definition of a recession, something that already happened in the United States as well as in the eurozone in the first quarter of this year.
The power of automating your finances and certain habits
Saving and managing your finances is a lot like dieting or exercising. You always start off strongly and with enthusiasm. However, as time goes by, bumps in the road and unexpected events come along, then excuses, and finally you give up and go back to your previous routines.
Should you sell your investments to pay off your debts?
Whether it is good debt or bad debt, mortgage or credit card debt, with debt there always comes a time when it hurts and the question arises: how can I get rid of it? Should I sell my investments to pay off the debt?
Why is everyone talking about Treasury Bills?
Fixed income is back in fashion with Treasury Bills taking a starring role. The demand for these has been so high that it has forced the Bank of Spain to change the contracting system to avoid queues.
Passive income: what is it, how does it work and what’s the truth about it?
Can you imagine a life without having to work? Living on an income or retiring young is the dream of many people and the best way to achieve it is through passive income.
How to save money at the supermarket
Each household spends an average of 5,050 euros a year on food and non-alcoholic beverages, according to the data from the Spanish National Institute of Statistics (INE). Of this total household budget, 16% is spent on shopping and covering these basic needs.
What is your investor profile? We will help you find out
What is the most important thing when investing? If you are thinking about which product to choose, you are wrong. The key to everything is to be aware of your investor profile, and be clear about your goals, your time horizon, and how much risk you are willing to take with your investments.
How to start investing in the stock market without having to buy shares
Ask your friends what investing in the stock market is all about, and most will answer that it’s about buying shares. The reality is different. You do not need to buy shares to start investing in the stock market.
Passive or active investment, which is for you?
We think about investment as being something active: looking for the best performing stocks, finding the markets with the most potential, searching for the most promising sectors… In other words, investing time, effort and hard work in order to obtain good results.
How much do you need to live off the revenue?
Imagine. Living however you want to without having to work, , or by doing the things you really like to do. That is basically what it means to live off revenue, to have a monthly income that covers your expenses without the need for a regular nine-to-five job.