“People do it the other way around: first they spend, and then, from what they have left, they save,” complains Elisabet Ruiz Dotras, professor of economics at the University of Catalonia.
For this economic expert, there are at least seven important tips to keep in mind this year when saving seems difficult.
Average annual food inflation in Latin America was 43.9% in September 2022, while globally it did not exceed 23%, according to the Food and Agriculture Organization of the United Nations (FAO) database.
Average food inflation in the world indicates a drop of 20.5% compared to the record reached at the beginning of the war, Haiti with 48.6%, Suriname with 58.3%, Argentina with 110% and Venezuela with 158%, according to the latest data recorded by countries in the trade economy, make it much more difficult for Latin America to reverse the negative curve. However, despite this context, Ruiz Dotras makes it clear that saving is important: “Whoever does not aim for saving is wrong.” But how can this be achieved?
Expert advice
Finally, Elisabet Ruiz Dotras insist on foster financial education, which begins, or should begin, in the family environment, and it is important to inculcate healthy saving habits from an early age.
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Source: Eluniverso
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
