During the first part of the presentation, he spoke about savings as one of the key elements to achieve future economic stability. "Savings is not an end in itself, but rather a means to obtain something you want or need; it can also be the best tool to face expensive unforeseen circumstances," said the expert.
The specialist closed this workshop by inviting the audience to reflect on how today is the best time to save, emphasizing the use of AFORES (individual retirement accounts) as the most secure option to this end.
"It does not hurt to save."
Enrique Valencia
During the second part of the credit workshop, the financial specialist stressed the importance of knowing how to manage each loan including cars loans, mortgage loans, payroll loans, credit cards and others.
Credit, in Latin creditum loan, sustantive verb of crédere to believe, was described by the specialist as follows: "Credit means obtaining and using money you do not have. When using this system you promise to return the money borrowed, plus an additional fee called interest."