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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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 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.
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.
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.
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.