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.
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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.
5 tools for saving money on your inheritance
The best way to save on taxes is to plan your actions from one year to the next, and not just wait until you have to fill in your income tax return. With an inheritance it is exactly the same.
Ant expenses that you can eliminate to save more
When it comes to money, there are times when you can’t see the forest for the trees and vice versa. That’s precisely what happens with ant expenses, those small day-to-day expenses that you don’t normally take into account but that, once added up, can total up to a considerable amount.
Financial wellness. What is it and how can it help me be happier?
Surely when we hear the word “wellness” it is not something we would ever associate with the economy or our personal finances. We naturally tend to associate it with a good physical or mental state, but can wellness and finances be related? Well, yes. And this happens through this new concept of financial wellness.
Why do I never manage to save what I set out to?
If you’re asking yourself this question, you’ve already taken a big step, and you’ve set yourself the goal of saving for your dreams.
Saving is also for young people
What do young people think about saving? How capable and willing are they to plan their financial future? As revealed in the latest survey conducted by the BBVA Pensions Institute, more than half (54%) of millennials (those born between 1980-2000) managed to save during the months of lockdown, and around 40% continued to maintain this habit afterwards. This saving is coupled with the fact that almost half of Spanish millennials are not confident that they will get a public pension when they retire, according to the same study.