The end of the year comes accompanied by reflections on unmet goals and the inevitable review of the financial objectives established in January. Although it is easy to feel discouraged by what has not been achieved, the end of the cycle also represents an opportunity to reevaluate, reorganize and, above all, rethink your relationship with personal finances.
Although there are no magic solutions, there is a proven and solid trick to save 3,300 euros in the next twelve months: the key is in the budget.
Creating a budget involves carefully examining monthly income and expenses.
A budget is nothing more than a spreadsheet detailing income and expenses for the last six months.
But the work does not end there: the key to saving 3,300 euros in twelve months is the ability to identify and reduce unnecessary expenses, and allocate that money to savings.
If this objective is achieved, taking into account a payroll of 1,400 euros, about 280 euros per month would be saved, that is, more than 3,300 euros per year.
Saving is only half of the equation; Where you keep those savings can make a difference. Remunerated accounts without commissions or requirements, and with money always available, are presented as an interesting alternative for those who want to multiply their money safely.
As explained by HelpMyCash, the Italian bank Progetto offers the most profitable account at the moment, with a profitability of 3.5% APR. It is easy to hire from Spain and has the support of the Italian Guarantee Fund.
Those who trust more in Spanish banking can opt for the Sabadell Online Account, which offers 2% APR returns and returns 3% of electricity and gas bills.
For those who are sure they will not need the savings in the short term, one-year deposits are also an option to consider. Their interest rates reach 4.4% and represent an opportunity to maximize returns with very low risk.
In short, the trick to saving 2,000 euros in twelve months consists of the effective implementation of a budget, which acts as a roadmap to reorganize finances and start saving. However, the savings that remain in the checking account or under the mattress lose value every day due to inflation.