2023-06-26 15:37:05
High inflation, interest rates that do not stop rising and prices in the shopping cart that are still skyrocketing make it a challenge for many families in our country to make ends meet without ending up in the red. Faced with this scenario full of adversities, the habit of saving becomes more essential than ever, not only to avoid going bankrupt along the way, but also to be able to achieve a better standard of living.
Pre-savings is a method that consists of saving before starting to spend, since a person contributes a part of the fixed income that they receive monthly as soon as they arrive in the bank account. In this way, you avoid allocating only that part of the income that is left over at the end of the month after facing the long list of expenses and that the money is “wasted” just by having it in the account.
“We can allocate between 5% and 10% of our salary for pre-savings, in such a way that, as soon as it is deposited in our account, it is transferred to the savings account, every month,” they explain from the Finance blog for all.
Acquiring the habit of using this saving method has the advantage that by not having the money available, you will not have the option of spending it, so the main virtue is the saving itself.
Pre-savings can be used for a specific goal such as taking a trip, buying a car or a home, or even for a more generic goal such as having an emergency fund. This fund is a reserve of money so that people can face those unforeseen expenses that appear at the least opportune moment without having to resort to external financing and get into debt. From this blog they explain that asking for a loan and contracting a debt in this convulsive economic scenario is “unwise”, since interest will increase the fixed expenses of a family when they can least afford it.
“So that our family economy is not affected excessively, we can combine pre-savings with traditional savings, marking a low amount of pre-savings, which we can complete at the end of the month if we have money left,” they say from the blog.
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