A solution for everyday finances
BBVA has presented a new tool aimed at facilitating the financial control of its users. This expense calculator allows both bank and non-bank customers to organize their monthly income and savings efficiently.
How this revolutionary tool works
Using the calculator is extremely simple. First, users must enter their monthly income, which can come from various sources such as wages, pensions or other regular income.
Next, you need to specify the fixed costs. These are classified into two categories: the mandatory ones, which include payments that do not change such as rent or insurance, and the reducible ones, which can vary depending on consumption such as water or electricity services.
Variable expenses and savings opportunities
Finally, it is necessary to incorporate variable expenses, those that are not essential and that can fluctuate. These expenses, which include outings to restaurants and non-essential purchases, are the key area to adjust the budget and boost savings.
The value of financial awareness
Once the data is entered, the calculator provides a monthly savings estimate, allowing users to easily identify where they can cut expenses. This tool promotes awareness about spending habits and helps improve the ability to save.
Accessibility for everyone
The calculator is not exclusive to BBVA customers, but anyone can access it to better manage their finances. It is especially useful for those who need to manage expenses as a family or couple, as well as for those who want to have better control at an individual level.
In addition, this tool allows you to anticipate expenses before you receive your salary, helping you make more informed financial decisions.
