How saving money

How saving money in five steps

We propose five steps and some ideas to learn how to save because we want you to be able to save more and better and meet your savings goals.How saving money

We made this list of steps as a guide based on the answers to the pilot tests that have been given so far as part of the “Learning to Save” program.

1. Record your expenses.

To save, you don’t need large sums of money. As a habit, it is something that is incorporated into our behavior.

Idea | Keeping a daily spending list will help you prevent unnecessary purchases like soda, Uber, and taxi rides.

What are ant expenses?

These are expenses that we make without realizing it, but above all without wondering if we can postpone, replace, or suppress them. Small impulse purchases like meals out, ice cream cones, and sweets slowly reduce our ability to save.


What is popularly known as “having money under the mattress” is a type of cash savings. They’re our bills and coins, but they don’t include our name, so if they’re lost or stolen, they’re no longer ours. This money does not pay any interest or a dividend. Therefore, savings alternatives in the financial system are better options for forming savings habits that allow us to achieve our goals.

2. Prepare a budget.

To budget, we must record all income and anticipate future income and expenses based on our observations and hopes.

3. Plan and set goals.

Know what you want to save for and how long it will take to reach your goals. With a goal, it’s easier.

Idea: Organize and establish a compliance plan with deadlines so you can estimate how long it will take to achieve what you want. Using a spreadsheet or a visualization tool will allow you to identify the time needed, identify difficulties, and discover opportunities.

4. Make decisions according to your priorities.

Knowing how to chose to reach our goals is difficult, but if we do it, we solve a lot of the problem!  That is why it is important to pay attention to decision-making. Small changes, almost invisible, can help us a lot!

Idea | Before making an expense, ask yourself many questions: how will it make you feel to allocate that money to that purchase, if you can postpone it or if it is necessary to do it now, if it replaces another expense, or if later it will involve other expenses in spare parts or maintenance, among other examples.How saving money

5. Use savings-investment strategies in the financial system.

We can employ early savings options to help us save and record expenses and income in the financial system.

They may also let you utilize debit cards, ATMs, and online or mobile shopping.


Investment bank accounts allow us to protect savings from inflation and spend them when we turn 18.  In some cases, you can also get an interest rate that allows savings to increase.

Saving vs. investing

Saving means separating a portion of money to use it in the future, not spending or consuming it today.

Investing is allocating money (for example, savings) to instruments that can generate some gain or return in exchange for taking a risk. We call this profit interest.

Saving allows us to achieve short- and medium-term goalsInvestments yield more than savings accounts, but they carry greater risk and are used to achieve long-term goals.

We will be happy to hear your thoughts

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