The devaluation of currencies in Latin America has been a worrying issue in recent years. Constant fluctuations in the value of money can create instability in the economy and affect people's purchasing power. In February alone, the Colombian peso devalued 5.14% against the dollar (Portfolio, 2023). For this reason, many people are choosing to save in digital dollars, as an alternative to protect their wealth easily and affordably.

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Before starting any type of savings, it is essential to be clear about the level of income and expenses

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It is necessary to make a budget that allows us to know how much money comes in and out each month. In this way, it will be possible to define how much can be allocated to savings. According to the teachings of the book “The Richest Man in Babylon”, one of the main secrets to achieving wealth is to allocate at least 10% of income to savings (Clason, 1926).

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Saving in dollars is an exercise that must be done periodically and in the long term

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This is not a speculative activity such as trading, in which you seek to make daily profits. The purpose of saving in dollars is to protect assets and to have a reserve of money for unforeseen situations.

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Saving in digital dollars has many advantages

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First of all, the dollar is a stable and globally accepted currency, which means that its value is maintained over time and does not fluctuate like local currencies. In addition, digital dollars are a safe and convenient way to save, since they can be purchased in a very easy and secure way on somosplenti.com

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In conclusion, saving in digital dollars is an alternative for protecting wealth and dealing with unforeseen situations. To start this exercise, it is essential to make a budget that allows us to know the level of income and expenses, define an amount for savings and allocate it at the beginning of the month. Remember that saving in digital dollars is a periodic and long-term exercise that requires discipline and perseverance.

- Portfolio. (2021, March 1). The Colombian peso suffers a strong impact: it is the third most devalued currency in the world in February. Portfolio.co.

- Clason, G.S. (1926). The richest man in Babylon. Obelisco Editions.

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