Who is Daniel Urías and Why is He Relevant?
Daniel Urías, the founder of Cooltura Financiera, emphasizes that consistency is key when it comes to savings challenges.
Savings Challenge Options and Investment Choices
Urías, a personal finance expert, highlights the importance of keeping your accumulated money in an investment account. He suggests several low-risk options with easy and quick setup:
- Cetes Directo: Allows you to schedule recurring savings weekly, bi-weekly, or monthly.
- Sofipos: Offers investment terms ranging from daily access to your money, months, up to one or two years.
Examples of Sofipos include Nu Bank, Klar, Finsus, SuperTasas, Kubo Financiero, and Fondeadora. Research these options, compare them, and choose the one that best aligns with your goals.
The goal is to preserve the purchasing power of your savings and generate some return as your money accumulates.
Key Savings Challenges for 2026
1. Challenge of 400 pesos per bi-weekly paycheck
This challenge requires saving 400 pesos in your chosen investment. Make it a part of your budget, preferably at the beginning of your expense list or set up automatic contributions if possible.
By the end of the year, you’ll have accumulated 10,000 pesos. Define your goal: what do you want this money to achieve for you by the end of 2026?
2. Challenge of 600 pesos per bi-weekly paycheck
If your finances allow, increase the previous challenge by 200 pesos to save 600 every two weeks. This will result in 15,000 pesos by the end of the year.
What will this money do for you in 2026? Set a clear objective for these savings.
3. Challenge of 800 pesos per bi-weekly paycheck
For those seeking a more challenging option, saving 800 pesos bi-weekly will yield a substantial 20,000 pesos by year’s end. Consider how these savings will contribute to your financial well-being.
4. Challenge of 250 pesos every Saturday
If your budget permits, try a weekly challenge saving 250 pesos each Saturday. This option is ideal for those who receive payments or are self-employed and can spare this amount weekly, accumulating 13,000 pesos by year’s end.
How will this money benefit you by the end of 2026 or the following year?
5. Challenge of 150 pesos per week
For weekly savings at a less intense rate, consider saving 150 pesos per week, amassing 7,800 pesos by the end of the year. Define your goal: what will this money accomplish for you by year’s end?
6. Custom Savings Challenge
Savings should be flexible and tailored to your needs and objectives. Adapt this challenge to match what you can or want to save. Remember, how will this money contribute to your wealth?
Key Questions and Answers
- What are the savings challenges? Six customizable savings challenges ranging from 7,800 to 20,000 pesos annually.
- Why is it important to invest savings? To maintain the purchasing power of your money and generate returns as it accumulates.
- What investment options are available? Low-risk options like Cetes Directo and Sofipos from various financial institutions.
- How do I choose the right investment option? Research, compare, and select based on your goals.
