Learning to save is essential for achieving short-term and long-term financial goals. The insurer Mapfre points out that there are different types of savings depending on personal objectives, and the way to save can vary in each case.
The most common types of savings include emergency savings, intended to cover unforeseen expenses, savings for planned future expenses, such as university education, and retirement savings, considered the most crucial in Spain.
On the occasion of World Savings Day, Mapfre offers tips to reduce monthly expenses, highlighting the importance of tracking and categorizing expenses, setting a monthly budget, and creating a specific account for savings. It also emphasizes the need to minimize unnecessary expenses and seek professional advice when investing.
Additionally, Mapfre's pension plan transfer campaign offers bonuses to those who switch their plans from other entities to the insurer's products. The company highlights the importance of starting to save from the beginning of working life and offers a variety of investment vehicles for different types of savers.
In summary, the key to good saving lies in planning, tracking expenses, setting realistic financial goals, and seeking appropriate advice to make informed financial decisions.
