Throughout life, everyone's savings goals change. You can save for a car, a house, an exotic holiday, your children's education or your retirement.

Before making an investment, start with an analysis of your current situation and answer the following questions for yourself:

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  What are my monthly expenses? Make a list of all the expenses that may occur in a month: recurring ones (utility bills, food, household, insurance, etc.) and allocate an amount for any extraordinary expenses (which may be generated by urgent or unforeseen situations).
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  How much can I save, month by month? What do I want to save for?
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  Where do I want to be financially in 5, 10, 20 years? What goals do I want to achieve and in what time frame?

If you have clarified your answers to the above questions, we advise you to try to set aside an amount each month, however small. You can also do this by investing in a fund with a risk profile that suits you.