We all agree that saving is very important, but have you ever wondered what do you save for?
Saving "just because" is not strategic. Remember that your money loses value due to inflation, so you should not save your money "under the mattress."
The best thing you can do to save is to divide your savings based on different objectives. For example:
💚 #Emergency Savings: You must have this money in a financial tool that allows you to dispose of it immediately, such as a savings account. And you will use it to cover any contingencies that occur.
💚 #Investment Savings: You must allocate a percentage of your monthly income to invest. You can choose between different long-term investment products where you take advantage of compound interest.
💚 #Retirement Savings: Think about your future! This savings, like the investment, must be budgeted monthly so that, using the benefits of compound interest and the time until you decide to retire, you have the opportunity to create a savings fund that you can use when the time comes not to work anymore.
Do you know what you save for?
#Savings #Investment
