Category: FINANCIAL HEALTH

  1. Set a Christmas budget Just as you budget the rest of the year to manage your money, do the same at this time of year so you can spend less at Christmas. Choose whether you want to do it in Excel, a notebook, or an app, and write down every purchase you will […]

  World Savings Day was celebrated on October 31, established in 1924 at the first International Savings Banks Congress in Milan. The aim of this day was to encourage money saving among the population and thus restore public confidence in banks, as it had been wholly lost after World War I. This day continues to […]

  Not having good financial health contributes negatively to physical and mental well-being. Economic problems can cause the onset of some disorders such as increased blood pressure, sleep problems, depression, and obesity. According to an April 2020 study by the National Endowment For Financial Education (NEFE), nearly nine out of ten of the 4,000 U.S. […]

  For a person who resists giving or spending money, we assign the adjective stingy or miser. But when this behavior interferes with the natural development of life and severe conditions a person, taking to an extreme this irrational fear of spending money, is a phobia called chrometophobia. Currently, the World Health Organization (WHO) does […]

  When we go on vacation we want to rest and enjoy ourselves. What usually happens during the holiday period is that we tend to forget to take care of our economy as we do during the year, but we think even less about saving money during the vacation period. If we spend too much […]

There is a popular myth that ostriches hide their heads in dangerous situations. And although it is not true that they do it for that reason, it has become so strongly fixed in the popular imagination that the saying “don’t hide your head like an ostrich” has become common, used when someone tries to escape […]

  Financial education, contrary to popular belief, is not limited only to experts in the economic field. It is very important in everyone’s daily life, since we perform actions every day that require us to know how financial terminology works and how it works. Knowing how finances work helps a person to know how to […]

  To consume is to make use of services and products to satisfy one’s own needs or desires or those of another living being. Consuming is not the same as buying in an uncontrolled way, understanding that this action will make us happier. When this happens, we talk about consumerism. On the other hand, the […]

  In this article, we would like to highlight seven steps for smart consumption, extracted from the work developed within the framework of the Agreement established between the Ministry of Education, the Bank of Spain and the Comisión Nacional del Mercado de Valores for Financial Education at School. The objective of this initiative is to […]

  Cash refers to paper money, metallic money, bearer bank checks and everything that has been conceived to be used as a means of payment. Focusing on paper money, which we call banknotes and metallic coins, we can say that just as there are many countries on the planet, we can also find different types […]