by Jesus Barrena Saving always requires effort, but there are different ways to make saving less expensive.
To have maximum information when making a financial decision, and to get the most out of our resources, one way is to have the help of a financial advisor. Together you will have your financial plan to meet your objectives. You can hire one of the best savings plans for your retirement with the Western Catalan Pension Plan.
One form or formula of savings is saving by consumption, this is a novel way of saving, at the moment we decide to save, postpone, modify the decision in part of the amount of our purchases or tourist vacations.
Saving can be simple, do you know how?
One of the conclusions of the study carried out by the Caser insurance company, with 3.400 interviews, is: That 58% of Spaniards would consider saving if there were simple and innovative options to do so. More than half of those surveyed, around 60%, have not heard of the formulas associated with their own daily consumption habits.
We are thinking about what would be the first step of savings, which is savings in consumption, in which we decide on a part of the amount of our purchases.
The most responsible and personal consumption
As an example, we are talking about energy savings, looking at the origin of the products, their packaging, additives, their respect for the environment, etc...
Different Profiles of savers
As a result of the behavior of Spaniards when faced with saving and the influence of new market trends in relation to their retirement, this study analyzes four different saver profiles for retirement:
- Savers interested in SRI:
These are partially dissatisfied savers. These savers seek to save through pension plans that take into account Socially Responsible Investment criteria, giving importance to the proactivity of companies to adapt to social and environmental changes.
- Those aware of responsible consumption:
This is the profile most concerned about their retirement, 20% have calculated what they will receive when the time comes to stop working and live off their pension, savings and investment returns. They are mostly women, aged between 41 and 45, who like to take care of themselves and prepare for a longer life. When they think about saving for their retirement, they do so through a pension plan and are quite willing to incorporate different savings formulas.
- Searchers for new and different savings formulas:
It is a more forward-looking profile when it comes to saving for retirement – between 20 and 40 years; The majority are men, between 41-45 years old, are active and hope to remain so during their retirement. They usually have savings products and financial products contracted, both specific for retirement and other types.
- Traditional savers:
They cannot or do not know how to save since they do not have knowledge of the new savings formula. The consequences of greater longevity have not been considered and they begin to prepare for retirement later than the average age.
Saving money monthly and investing it in a pension plan is a way of systematic saving that provides a future plan for retirement.
When choosing the best pension plan, it is important to buy the service and trust of the insurance company that offers it to us. To have financial peace of mind at the time of retirement, getting to know the company, such as Axa, Mapfre or Catalana Oeste, is a guarantee of security.
Source: Caser Seguros Study “Retirement savings profiles, according to new market trends.” With the collaboration of Seguros Catalana Oeste.
recommended book: Extend your life expectancy: How science helps us control, slow down and reverse the aging process (Well-being, health and healthy living). The Harvard Professor's Book, David Sinclair, the scientist who is revolutionizing research on the rejuvenation and life expectancy. |
