Among the youths There is a relatively new strategy to fatten the piglet known as soft saving either soft or soft savingswhich is characterized by prioritizing current spending to have a comfortable life, rather than filling the piggy bank for retirement.
That is, it proposes that people manage their finance with a more relaxed budget, without stressing about investing and having a background to face some contingency in a given time.
In other words, people who embrace this way of saving They prefer to live experiences such as eating at their favorite restaurant, traveling to the destination of their dreams, seeing the most spectacular play on stage or buying the truck they want so much, before paying into their Afore’s voluntary savings. Doesn’t mean they don’t do it, just It’s not your top priority..
“Young people say: what I want is to have experiences. Perfect, I want to see when they are 40, 50, reaching 60 or more years old, if the experiences are going to give them monthly money as a retirement. Experiences don’t feed you”, comments Gianco Abundiz, specialist in personal finance.
In it world of moneyhe says, the goal of goals is to generate wealth and the most important is to have brick. That doesn’t mean you shouldn’t enjoy the present, just do it in balance.
He soft saving is characteristic of the generation Zthat is, in people who were born between 1997 and 2012, who represent 25% of the total population, says the National Commission for the Protection and Defense of Users of Financial Services (Condusef).
A study carried out by the CFA Institute (Chartered Financial Analyst) indicates that young people usually seek advice on managing their money in platforms such as Facebook, YouTube, X, Instagram and TikTokfor two reasons: due to poor financial education and the perception that professional financial advice is very expensive.
“This trend that is being promoted on social networks is aimed at changing the financial goals of generation Z, who, upon seeing the economic outlook and current job, they prefer prioritize your mental health and personal growthleaving aside financial goals such as savings and retirement,” says the institution.
Yes ok any form of savings It will always be better than having nothing, there are some schemes that do not generate an optimal outlook for the saver.
For Condusef, the soft savings “puts this young generation at risk, as it leaves them exposed to short and long term risks; For example, if they suffer an accident and do not have an emergency fund, they will not be able to pay for medical care or, when they reach old age, they will not have saved enough if they live several years.
Savings options
According to the latest National Financial Inclusion Survey (ENIF), which is prepared by the National Institute of Statistics and Geography (Inegi), 86.6 million people between 18 and 70 years old they savethat is, around 66% of the national population. The problem is that 55.2% do it only informally.
To improve these figures, the Federal Consumer Prosecutor’s Office (Profeco) recommends launching the “ant savings”.
This is done with coins or bills that they could surplus of daily or usual expenses and that, when added up day by day, can mean a significant amount for an unforeseen event.
To carry it out it is advisable to define the place and container where the money will be deposited. It can be a jar, piggy bank or other container, and have it where you regularly leave coins when you get home.
You can try saving five and 10 peso coinsor bills of 20, 50 and 100 pesos, depending on the amount that the person can part with at the moment.
If you save a five peso coin every day, in one month you will have collected 150 pesos; in one year it would be 1,825 pesos. “This can be the beginning of generating the habit.”
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