The Buen Fin offers in Mexico are tempting and every year many people take advantage of them to make purchases. However, if you think about your financial future, is it better to spend or invest that money? This is why we present reasons to invest in the Buen Fin, where we explain why putting your money to work instead of spending it can be the smartest decision in 2024.
Why invest in the Buen Fin?
1. Investing generates returns.
Consider that when you decide to buy at the Buen Fin, you are exchanging your money for products that may lose value over time. On the other hand, investing allows you to grow your capital. By allocating part of your budget, whether in stocks, mutual funds or real estate, you have the opportunity to earn long-term returns. This growth can far outstrip the short-term bargains you find during the discount period.
2. Protect your purchasing power against inflation.
In 2024, Mexico continues to face inflationary challenges that erode the value of money over time. By spending on consumer products, your purchasing power is reduced because the goods do not maintain their value. Investing helps you fight inflation, as many financial instruments such as CETES or indexed funds offer yields that exceed inflation, maintaining and increasing the value of your money.
3. Take advantage of discounts in investment platforms
During the Buen Fin, there are not only discounts on consumer products. Some investment platforms and financial services also offer promotions, such as reduced commissions or account opening bonuses. Taking advantage of these discounts allows you to start investing with lower initial costs, further increasing your future profitability.
4. Diversify your savings.
The Buen Fin can be an ideal time to review your financial situation and create a diversified investment plan. Instead of spending on items that depreciate quickly, consider allocating a portion of your budget to investments in different sectors. Instruments such as bonds or fixed income funds can offer stability and growth over time, diversifying your savings efficiently.
5. Wealth creation.
Spending, especially during bargain seasons like the Buen Fin, may give you temporary satisfaction, but it rarely contributes to wealth creation. By investing, you not only maintain the value of your money, but you create the opportunity to improve your quality of life in the long run. While a new appliance or technological gadget loses value quickly, a good investment can increase your wealth over the years.
6. Investments for long-term objectives.
If you have long-term financial goals, such as buying a house, traveling or saving for your children’s education, allocating that money to investments instead of spending on the Buen Fin will allow you to get closer to your goals. Strategic investments allow you to use time to your advantage, benefiting from compound interest and increasing your capital.
7. Tax exemptions on investments.
As previously mentioned, in Mexico, certain investments such as retirement funds or voluntary contributions to the Afore offer tax benefits. Instead of buying Buen Fin products, you could allocate those resources to investments that will help you reduce your tax burden in the future. In addition, some instruments such as CETES have reduced tax rates, which makes them an excellent option for those looking to minimize the tax impact while growing their capital.
8. Improve your financial history.
When you spend, your financial history is not positively affected, but when you invest, especially in instruments such as mutual funds, bonds or stocks, you improve your financial profile. A healthy financial history will open doors to better credit options and lower interest rates on future loans. This is an indirect, but powerful benefit that makes investing a better long-term decision than impulsive spending.
Make the Buen Fin an opportunity to grow
This Buen Fin, instead of falling into the trap of endless consumption, reflect on the importance of investing instead of spending. The key to improving your finances lies in strategic decisions that help you grow your money over time. It’s not about depriving yourself of all the pleasures of consumption, but about balancing your expenses with smart investments that will ensure a more solid financial future. Take advantage of the Buen Fin, not to spend, but to put your money to work.
