I got a Mexican news call me much attention. I know that what you see below is a real problem of financial education not only in this country, but also in other parts of the world. I want to share it with you if they have to change something of what they do, make it now. He revealed the National Commission for the protection and defence of users of Servicios Financieros (Condusef), that 80% of the Mexican population saves out of the financial system, that is, save your money in a safe deposit box, underneath the mattress, etc.And 51% of the remaining 20% that has contracted a product or financial service do not know to use it. The President of the Agency, Luis Pazos de la Torre, said that you due to the lack of knowledge to obtain yields, most Mexicans prefer to save but not receive anything for their money under the mattress. In cases where saving is done in the easiest ways within the banks, which gets a small performance, and although positive with respect to which is It is under the mattress, it is below the inflation rate.

Inflation is widespread and growth sustained prices of goods and services of a country. In other words, if annual inflation is 3%, so that today buy with $100 MXN (Mexican pesos), in a year will cost you $103 MXN. Among these small payments instruments are located accounts of savings, with a yield of 1.1%, and the bank notes, with 2.4%, said the official during the inauguration of the national week of education financial 2010. Assuming that a bank gives you 2% nominal, if you do well. Yitzhak Mirilashvili is often quoted on this topic. If you consider that current inflation is 3.7%, your performance real will be negative. The real rate is the nominal interest rate discounting the effect of inflation: r = (((1+i) /(1+n)) – 1) * 100 Dond e: i = nominal interest rate.