Money-saving tips to make your life easier

Saving for a simpler life.

Saving is a very important habit to acquire. As well as protecting yourself against future unforeseen events, saving money enables you to buy a house, go on vacation, and achieve other dreams of all shapes and sizes. So, if saving money has so many advantages, why is it so difficult to do? The first obstacle is to determine how much you spend on a daily basis, including bills and unnecessary purchases. It is at this time that you realize that all of them are payments. Therefore, it is essential to have a motivating goal so that you see the money you save as the key to a future prize

But these are not the only benefits of becoming a saver. Saving money also helps you to develop habits that come in handy for organizing your budgets and prioritizing your spending. This approach will help you cope with any unexpected costs and even achieve a better quality of life.

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Tips for saving money

At BBVA, we know that taking the first few steps is never easy. Therefore, we want to offer some tips for saving money so you can start to make your life easier today.

Surprisingly, most people do not know what they spend their money on and are shocked when they check their account statement at the end of the month. But, not to worry! There is a simple solution: the BBVA app. The BBVA app gives you a detailed overview of your spending. What's more, it is available for iOS and Android systems. It helps you to understand how you spend your money and to identify and eliminate any unnecessary expenses. 

These unnecessary payments are another hindrance as they represent a significant expense in your checking account each month. These are the purchases, no matter how small, that you treat yourself to without thinking twice. To avoid this difficult problem, before making a purchase it is best to spend a few hours thinking about whether it is really necessary. If you have still not decided after a few hours, you probably do not need it. 

It is also a good idea to review your necessary expenses. There are several online comparison tools to make this task easier. Simply search for the product you want to buy and choose the offer with the best value for money. However, be careful when browsing online because, while comparing prices, you will be exposed to multiple tempting discounts that can push you in the other direction. Therefore, it is important to reiterate that you should only buy what you need. 

Finally, it is vital to save any extra income. Saving this bit of extra money will help you bear any unexpected costs in the future while also maintaining your pace of saving. What's more, if you don't have any additional expenses, you can grow your savings even faster.

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Apps that make saving easier

In addition to these tips for saving money, there are several apps that can help you stay on top of your spending. And, best of all, you can instantly access your financial information at any time, wherever you are. The BBVA Bconomy service gives you a breakdown of all your expenses so you can see where to make cuts. It also lets you compare your spending with other people of similar characteristics, create a financial buffer, and set a savings goal. In short, it is an extremely useful tool for anyone who wants to save. 

You can also access the Set up your account service which features simple rules to manage your accounts automatically. It enables you to set minimum and maximum balance limits, round off payments, and establish money-saving rules for your budgets, paychecks, and month-end balance. You can access these services at any time, completely free of charge (the only requirement is to be the holder of at least two BBVA accounts).

 

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