Squeeze the money after the holidays | Newsletter 'Pocket'

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

Oliver Thansan
Oliver Thansan
02 September 2023 Saturday 04:37
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Squeeze the money after the holidays | Newsletter 'Pocket'

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

Despite the fact that the holidays are coming to an end, there is still a desire to finish squeezing the summer and, if there are still any, the savings. But the landing will not be easy. Inflation, mortgage payments, going back to school and other expenses will force you to juggle to balance the family budget. Yes, the September slope will be steeper than other years, although there are always joys along the way.

More for less. Domestic economies continue to battle against their main enemy: inflation, which did not go on vacation and picked up in August. The damage to the current account is inevitable: households spend on average more than they earn and the savings that families keep in banks fall. It is clear, it is necessary to cut.

drowned. The bleeding does not stop and dyes the granting of mortgages red, which plummeted 22% in June. Things go wrong for home buyers, especially for certain profiles, but not so much for those already mortgaged. The Euribor gives a truce and falls for the first time in 20 months.

At half throttle. Given this panorama, it is not surprising that the main engine of the Spanish economy is suffering a bit. To this is added that going on vacation for a week in the country costs 19% more than in 2019, although the money in the wallet has not increased in the same proportion. Despite this, tourist spending is growing and the main locomotive of the country continues at a good pace.

Pull damper. Yes, there are reasons for optimism. Banks begin to remunerate savings, an important factor when choosing an entity, as well as commissions. A field on which digital banking has known how to move well, as demonstrated by the fact that it has gained a market beyond the young public. Is it time to invest? If you have a mattress, go ahead, but be careful with the meme actions.

Bittersweet return to the classroom. Families with school-age children will have to make a much higher outlay on going back to school this September, which will be the most expensive in history. The good news is that there are ways to save on this item as well.

Those who are in a position to throw the house out the window are the managers of Mattel. The worldwide success of the Barbie movie, in addition to making the color pink fashionable, has given a boost to the company's business. In just two months it has managed to license its brand to 165 companies.