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After months and months of soaring prices it seems that the situation is improving. Inflation falls but the prize, saving more and getting paid for our money, is not as close as we imagine. The bank says no, the pressure rises and the savings continue parked without generating anything. There is no war for the deposit. To keep waiting… and fighting.
Back with the money. Our European friends see how the banks pay them more and more for their deposits, their savings. And in Spain little or nothing. The bank has its reasons and says that it is not necessary, but it is preparing to raise the remuneration. For the Government, it must be done now and it suspects an agreement not to pay.
More margin. Inflation is low and we are recovering ground to save. In Spain it is already less than 2% after two years of oppression. The supports that were launched with the pandemic are being withdrawn, although the VAT reduction on food can barely hold. The mortgage does not give respite, with the Euribor at 4% and the fees on the rise. When it’s not one thing, it’s another…
The basics. The theory says that you can always save at the end of the month. The 50/30/20 rule states that 50% of expenses go to basic needs, 30% to dispensables and 20% to the piggy bank. Is it feasible? Others bet on the 30-day method to save without realizing it. Either add 1 cent or 1 euro each day, pay attention to the new coins that arrive in Spain.
Recuperate. As difficult as it may seem, there is always a way out. The pandemic showed what things can change in one day, adding debts to keep going or no margin to pay the mortgage (Podcast). There are formulas to limit and even eliminate debts that suffocate us. “They can no longer claim me,” says an entrepreneur who has come out of the well (Podcast). From there, to go up.
If you have not made the income statement and you were obliged, you are already late and you can end up marked as delinquent. And with a good debt: the sanctions reach 150% of what you had to pay. Even if you came out to return the thing, it can get very serious. These are the sanctions.
Debts can grow. So much so that you end up on some public list of defaulters. The Treasury has just published its own, with former referee Enríquez Negreira among the names that stand out. In Catalonia there are also flagged: who are the ones who owe 74 million?
