- Doctors and health personnel reported as one of their main financial assets having money saved with friends, relatives, tandas, loans to third parties and savings coves.
- This means that in the country there are almost 20 times more households that save or invest through informal methods.
- The Condusef advises setting aside between 10 and 15 percent of salary to a savings fund.
A total of 10.3 million households, where doctors also reside, which represents 28% of the total, reported as one of their main financial assets having money saved with friends, family, tandas, loans to third parties and savings coves. pointed out the National Survey on Household Finances of the National Institute of Statistics and Geography and the Bank of Mexico.
This level is higher than the 539 thousand households (1.5% of the total) that reported having money saved or invested in time deposits or investment funds.
The above means that in the country there are almost 20 times more households that save or invest through informal methods than through the formal financial system, even higher than in checking accounts (17.2% of households). government support accounts (18.3% of the total) and life insurance (2.4%).
The main financial assets of Mexican households are the Afore or retirement account (53.9% of the total) and payroll or pension accounts (49.9%).
The rich also enter
By income level, it is observed that rich households also prefer batches or other informal mechanisms: 45.1% of the households in the 20% with the highest income resort to informal savings, versus 9.4% of the households that belong to the 20% with the lowest income.
Regarding savings in investment funds, 42% of the richest households resort to them, versus 0.5% of the lowest income households.
In general, in all financial assets, higher-income households have more participation than lower-income households, situation in which it stands out that informal savings also follow the same behavior.
Thus, the population in all strata has more trust in leaving your money in people close to you or even lend money rather than entrust it to the financial sector, which is a challenge for the system.
This means that the institutions of savings and investment in the country they have the challenge of getting closer to the population in general so that the population understands the benefits that money is not managed informally.
How can doctors save?
The Condusef recommend separating between 10 Y 15 percent of salary to saving Fund. And it is that few people know that saving money is essential to face the future, when it is time to retire or when you are unemployed.
Fortunately, there are some applications that help motivate the habit of saving. Below we present 4 apps with which you can carry out a saving and investment process in an easy and simple way.
- Condusef family budget. This institution makes available to users a mobile app that aims to support the family economy with which it is very easy to create budgets and save the money that you think is necessary to invest it in the financial instrument that suits you best. If you want to know and calculate the balance of your monthly income and expenses, we recommend you download this app.
- On line bank. It is another very effective resource to keep the maneuvers of your finances under control to monitor them in real time. You can make transfers from your smartphone and depending on the bank you are in, you can make investments in various financial instruments.
- PayPal. It is a popular online service that you can link to your credit or debit bank account. You can make and receive payments, but it also works as a savings instrument.
- zaveapp. With this app you can automate your savings, that is, you decide how much to save and how often to do it. Thus, when you reach the necessary capital, you can transfer your money to invest it. The application works as follows: Zaveapp connects to your card and you will only indicate how much money or percentage of money you will save, as well as the frequency, such as 20 pesos a day.
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