2024-10-08 02:37:00
The campaign encourages thousands of people to take control of their finances and create a long-term savings habit.
Photo: Multimoney.
San Salvador. In the context of celebrating savings month and with 2025 just around the corner, it is the perfect time for Salvadorans to start planning their financial goals and establishing long-term savings habits.
In this context, MultiMoney is implementing innovative strategies to support its clients in building a more stable and successful economic future.
A recent study by the Central Reserve Bank reveals that only 28% of Salvadorans have an active savings account. To continue to increase the savings culture, MultiMoney encourages adequate planning, and, by using modern tools such as the Goal Calculator, linked to the Smart savings account, it is possible to achieve financial objectives for 2025.
One of the main focuses of the MultiMoney strategy is target customization. The Goal Calculator is becoming a digital tool that helps users define clear and achievable goals, whether it’s buying a house, a dream trip, a college education, or creating an emergency fund.
With this tool, users can project their future needs and get personalized recommendations on how much they should save monthly to achieve them, so there’s support.
MultiMoney not only offers innovative tools, but also a series of savings habits that Salvadorans can adopt to maintain solid long-term financial planning. These habits enable users to organize their finances, save consistently, and move toward their personal goals. Here are some of the key habits that will facilitate efficient and sustainable savings, for example, leverage Compound interest: It is recommended to save in accounts that generate compound interest so that the money grows over time, such as the 3.5% annual interest offered by the MultiMoney Smart Savings Account.
Another habit is establish Clear financial goals: Define specific objectives, such as saving for an emergency fund, a home, or retirement. Having a defined goal keeps you motivated and achievable through the Goal Calculator.
Create Monthly budget: keep track of income and expenses and set limits for each category. This will help you manage money better and avoid unnecessary expenses.
Save part of extraordinary income: allocate some of the extra income, such as bonuses, gifts or bonuses, to savings instead of spending it all.
Avoid Impulse purchases: as much as possible, it is recommended to avoid unnecessary purchases and it can be achieved by doing a 24-hour analysis to determine if it is really necessary. This habit encourages conscious consumption.
Finally, review and adjust your monthly costs: evaluate recurring costs each month and find ways to reduce them, such as changing service plans or getting rid of unnecessary subscriptions.
“At MultiMoney we know that saving is important for a variety of reasons and it’s essential to have tools that will bring us closer to our goals. Saving is not just about how much money you have, but how much you are willing to plan and commit to your goals; That is why in MultiMoney we always provide advice and tools that allow Salvadorans to guarantee a healthy financial future,” said Florence Grassl, Director of Digital Channels.
As part of the target personalization strategy, the “Savings Master” campaign promotes savings in a consistent and disciplined manner.
This initiative invites Salvadorans to become “masters” of their finances, offering rewards for consistency in saving US$100 per week. To win incentives like Gift Cards redeemable at your favorite delivery shops, supermarkets and more, between 16th September and 3rd November.
MultiMoney invites all Salvadorans to incorporate the habit of saving into their daily lives to achieve their financial goals and objectives, building a more secure and prosperous future. Salvadorans can quickly open their Smart savings account by giving click here have access to the various tools that MultiMoney offers. For more information about this and other products you can visit the MultiMoney website https://multimoney.com/sv.
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