Why do we need to save more?

Average incomes in Portugal are low compared to the Eurozone. This makes it difficult to create a savings margin, but not impossible. Even with little, saving is fundamental to creating security and financial independence. Without savings, unexpected situations such as illness or unemployment can cause enormous difficulties.

Moreover, retirement is a growing challenge. Public pensions no longer guarantee the same level of comfort. The wage replacement rate could fall to just 38% by 2070. This means that without savings of their own, the standard of living of pensioners could fall dramatically.

Small steps, big changes

We often think that it's only worth saving large sums of money. That's not true. Small steps can make a big difference:

Monthly budget: Control your spending and identify where you can cut back.
Creating targets: Set goals, such as building an emergency fund or saving for retirement.
Automation: Automatically put part of your salary into savings.

Benefits of saving more

Saving doesn't just bring security. It also opens doors. With savings, you can invest in new opportunities, diversify sources of income and even increase the amount you have accumulated thanks to compound interest.

Get the right help to save more

At Serro & Andrade, we know that saving can seem like a challenge. We're here to help. We offer personalised solutions to plan and manage your savings effectively. From financial advice to investment strategies, we help Portuguese people turn the habit of saving into a real gain for the future.

Don't leave the future to chance. Get in touch with us and find out how to start saving more today.