The savings are part of an income that is not consumed, namely that is not dedicated to expenditure. The great civilizations, such as the Inca, Greek or Roman, kept a portion of their crops to consumirlas later.

In the Middle Ages there is the rise in savings. In 1462 an organization was created to ensure that people could save their money. This is the origin of what are now banks.

Ways to save

When it comes to saving, there are many ways that consumers have to do so. Some of the ways to reduce costs occur:

·  On the shopping list: preparing a note with what is needed and choosing among several supermarkets, it may give rise to some savings.

·  The household is a place where there are more costs. Reduce the cost of energy, water or telephone are some of the ways that exist to save at home.

·  In the vehicle: this time, it saves by reducing fuel consumption. The costs also may decrease comparing prices workshops and insurance companies to find the most suitable.

·  In financial products: saving occurs hiring a financial service optimal. This should be compared between different banks looking for that spending is minimal.

·  Other ways to save: they are reducing extra expenses such as clothing, supplements, cosmetics, travel and holidays. It should seek the best deals, but without neglecting quality.

Fate of savings

If the financial amount saved is deposited into a financial product is being invested. With this, what is achieved is a profit within a specified period of time.

Some of the most prominent products funds are:

·  Savings Account: consists of depositing a financial amount in a financial institution in order to increase it. It offers a low cost and is not normally subject to a deadline.

·  Deposit: is similar to the savings account only where there is a set time limit and a minimum initial.

·  Pension Plans: contributions are invested at any time and serve as extra pension in retirement. These plans carry tax advantages.