Spanish Youth and Saving: Expert Offers Practical Financial Advice

A financial expert, Sofia Auñón, recently addressed the common perception that young people in Spain struggle to save money. In a recent video, Auñón acknowledged the reality of low salaries and challenging economic conditions for many young individuals. However, she emphasized that the core issue often lies not solely in income levels but in financial management practices. Auñón advised viewers to prioritize saving immediately upon receiving their salary, suggesting a monthly allocation of 50 to 100 euros. She recommended transferring this sum to a separate, interest-bearing account to keep it out of immediate reach and prevent impulsive spending. "If you don't see it, you don't spend it," she stated, highlighting the psychological aspect of saving. Furthermore, Auñón stressed the importance of self-investment for young people. She encouraged viewers to focus on learning, enhancing their skills, and pursuing professional growth. "The best investment when you are young and just starting out is to invest in yourself," she concluded. The video prompted viewers to share their opinions on the topic and offered a private financial analysis service.