Displaying items by tag: savings
As a founding member of the Consorcio de Inclusión Financiera para Remesas (FICCAR), Banco CUSCATLAN committed to make efforts so that 20% of the person-to-person transfers received in its branches and digital banking, its clients will use them for savings.
During 2022, the Government subsidized the purchase of fuels to prevent a drastic escalation in commodities. From march 2022 until the end of this year, the Government favored an estimated savings of US$585 million to consumers through price containment in diesel, regular gasoline, premium gasoline and liquefied petroleum gas (LPG).
According to the Ministerio de Economía (MINEC), the economic relief measures promoted by the Central Government since 2022 have generated an estimated savings of US$122.41 million for propane gas consumers.
After enjoying a well-deserved vacation, it is time to go back to school and, consequently, to buy uniforms, shoes and school supplies, so it is important to allocate a budget for these purchases so your family economy is not affected.
The family economy is based on three main activities: consumption, savings and investment. To achieve healthy finances it is necessary to balance these three aspects, so that we spend appropriately and save funds to plan for the future.
The Stock Exchange of El Salvador, which is celebrating its 30th anniversary, provides a variety of investment and financing options. It is also committed to training and education, through multiple activities that provide knowledge about the capital market to the population.
Personal finance advice from family to family especially has a strong influence on financial habits in general. Some of these lessons, consider them a tasty chicken soup for your pocketbook.
A budget will help you answer these questions and is absolutely essential for managing your personal finances. Do you need a budget? Yes! Does everyone need a budget? Yes!
Saving to buy a home can take several years. Even if your plan is to take out a mortgage, these loans require you to make a down payment, so the process of saving is irreplaceable. In this note we tell you where you can keep your savings for this purpose.