'Low cost' life required | Newsletter 'Pocket'

This text belongs to the Pocket newsletter, which is sent every Sunday.

Oliver Thansan
Oliver Thansan
08 July 2023 Saturday 10:42
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'Low cost' life required | Newsletter 'Pocket'

This text belongs to the Pocket newsletter, which is sent every Sunday. If you want to receive it, sign up here.

Low cost is not just about traveling. From clothing to restaurants, the model has spread in recent years and is a mainstay for many. People who cannot cover their essential expenses are increasing and the alternative becomes mandatory. You have to know how to get the most out of our money.

Lacks money. If the low cost triumphs, it is for a reason: reaching the end of the month is very complicated. Up to 1.7 million households do not have income to cover their essential expenses, more than in 2020, notes the Bank of Spain. It does not come for food, bills and housing. The blame? Food continues to rise despite the VAT reduction and today we have to spend more even if we buy less food. Paradox faces...

Punished youth. Low cost consumption has become entrenched among young people. The permanent crisis they are experiencing makes them spend on clothes, restaurants and cheap entertainment. The sales, like the summer ones, are their habitat. Be careful because there are many traps that stores make so that you buy more than necessary. And getting carried away is one of the big mistakes young people make with money.

cheap planet. When traveling the situations are also very different. In Spain, the luxury tourist grows twice as much as the traditional one. But those of us who leave here are more austere. It is in the interest of paying less for purchases, using tax free so that taxes are refunded when traveling abroad or paying as little as possible for tickets. And if it can be without throwing a card, the better.

For all. There is some good thing. What previously seemed distant has become universal, such as investment in real estate. From 50 euros, "there is a formula for each one," explains the mathematician and investor Esmeralda Gómez (Podcast). There are those who focus on reforms. The energy companies are the star today, both to save at home and to improve the price in a sale. Which ones count?

For a long time we were told that with teleworking productivity increased. Well it turns out not. Now companies are holding on to it to leave the days of the pandemic behind and for everyone to go through the office. Another change in the labor landscape.

Who does not care where to work is Alexander, the unexpected heir to the empire of 23,000 million euros of George Soros. From a childhood of luxury to parties with models and a lot of alcohol, is he ready to take the reins?