Savings

"We are in an extraordinary time for the asset management industry,” says Jaime Martínez, global head of asset allocation at BBVA Asset Management. "We are witnessing a new landscape, characterized by regulation and technological disruption.” Martinez reveals five trends that are transforming the world of asset management.

Garanti has introduced three new inflation-indexed products that will peg the Turkish lira to inflation thereby helping its customers achieve their savings goals while also making a positive contribution to the national savings rate.

In response to the growing demand for passive investment instruments, BBVA Asset Management is encouraging institutional investors to use its range of passively managed index funds, called Bindex. This product line facilitates efficient portfolio creation thanks to the simple nature and low cost of the instruments.

Artificial Intelligence and online messaging platforms are joining forces to help users easily build their savings with chatbots. Millennials are accustomed to using these kind of channels to address personal admin chores, so it is logical that they tend to be the target market for tools like Charlie, a chatbot that is part of Propel Venture Partners’ investment portfolio.

Budgeting. We all know we need to do it. At one point or another, chances are good we’ve been taught, taken courses or heard tips on how to budget. So, why do so many people still find it difficult?

Saving money can feel like a personal triumph (and it should!). To live within your means and set aside funds for a rainy day, major purchase or personal goal is very empowering. But did you know your savings can also impact the country’s economy as a whole?

Certificates of deposit, or CDs, may be one of the better ways to safeguard your money, so long as you have the discipline to not make a withdrawal before the CD’s maturity date.

Unique Experiences is a special program of BBVA in Switzerland, by which clients can access a wide range of experiences and services carefully selected to help them enjoy life and their patrimony. The program encompasses a range of areas such as lifestyle, health, education, innovation, culture and entertainment. It also seeks to bring clients closer to Switzerland, a country whose living standards have put it in the top positions in the rankings of quality of life around the world.

Let’s face it. Saving money is not easy, especially when at every turn, it seems there are more wants that feel a lot like needs. It can be a hard fought battle.

According to a recent Bankrate.com survey, just four in ten people indicated they were able to cover an unexpected $1,000 expense without going into debt to do so.

For these people, a savings plan is the obvious answer, but for the many Americans living paycheck-to-paycheck, even the smallest savings can feel out of reach. But it doesn’t have to be that way. Below are five tips to help you get started saving today.

Sustainable Development is essential to achieving more peaceful and just societies and the United Nations counts on the private sector to help in this effort. The BBVA Microfinance Foundation (BBVAMF) has contributed its experience in the finance sector to the report entitled “Business and SDG 16: contributing to peaceful, just and inclusive societies,” drawn up by the Sustainable Development Goals Fund and the University of Pennsylvania.

BBVA Global Wealth held the second edition of its Next Generations Madrid program, intended for second generations of Private Banking customers. The purpose of the program is to bring value to customers’ families, providing them with a specific educational experience.

Richard H. Thaler was awarded the Nobel Prize in Economic Sciences by the Royal Swedish Academy, for his “contributions to behavioral economy”

According to the National Retail Federation (NRF), the average family will spend nearly $700 on the return to school this year, contributing to the nation’s projected back-to-school spending total of $29.5 billion — the second highest figure on record and an 8 percent increase from last year. Although consumer confidence seems to be on the rise, BBVA Compass realizes that budget and convenience were probably still two core subjects in a parent’s back-to-school shopping curriculum this year.

Edufin Summit 2017, the first annual meeting of the BBVA Center for Financial Education and Capability, has a packed agenda full of the sector’s latest trends. One of the most relevant topics at this summit will be behavioral economics, or in other words, how people’s behavior affects the economy.

Latin America is not very keen on, or good at saving, says a new publication by the Inter-American Development Bank (IDB). The solution would be to promote financial education and build a culture based on improving saving habits among Latin Americans.

The 'millenials' are defying all the stereotypes: they are more careful with their savings and more cautious with their finances than most people might think.  The latest studies show that young people between the ages of 18 and 35 are concerned about the future, in spite of the obstacles they face in the present.

Thirty years ago, microfinance revolutionized the market with affordable loans for the disadvantaged. Until then, the most vulnerable population segments were left out on the fringes of the financial system, and had no way of accessing credit. Today, with 2 billion adults still unbanked, new technologies are emerging with the potential to reach more people at a lower cost. But this opportunity is having a challenging impact on the current microfinance model, which was built on the pillars of personal relations and trust.

You may think you can’t afford to travel because of your limited budget.

But you may not be familiar with all the options that apps and the Internet offer, ranging from cost sharing to house swaps.

We tend to plan our trips based on the destination, budget or what we’re going to do during our vacation.

We know you’ve been waiting for that trip to the beach, to that country you’ve never visited before, or to the place with fresh, clean air. But you also probably don’t want to come back broke. It’s hard to manage money when you’re away from home! We don’t know what we spent our money on or who paid for what.

In Peru, what happens with the exchange rate is news, perhaps more so than in other latitudes.