Africa-Press – Angola. Economist Palmira Ingles considered, in Luanda, the exercise of savings as an important financial mechanism, mainly in term deposit accounts, because it allows banks to have more liquidity to promote employment and develop the economy, in a sustainable way.
Speaking about the importance of this financial instrument “Savings”, Palmira English explained that countries where families have a low level of savings, as a general rule, have a very low human development index and Gross Domestic Product per capita.
According to her, countries with families that save little “are considered third world, underdeveloped and other adjectives”.
He highlighted that, if families (economic agents) save more, credit institutions will have more liquidity to finance the economy, by granting credit to entrepreneurs.
In turn, the second cycle teacher, Clotilde Caieie, defined the culture of savings as a habit and custom of people or individuals repeated over many years.
He argued that talking about savings in Angola cannot just mean verbalizing the term, it is necessary to educate the citizen, so it takes time for the act of financial education to be practiced and become a culture.
“Savings are not related to a good financial condition. To start practicing, any social level (from the poorest to the richest), if you have financial education, can produce income, consume and save. It is necessary to take into account your income and how much you can consume, live based on your reality, in all aspects of life, consume with prior planning”, he said.
In the current moment of economic crisis, he called on citizens to readjust themselves to the new reality, in the search for knowledge about financial education, analysis of fixed costs and observing what is a priority, as well as looking for cheaper substitute products.
As for entrepreneurship, he said that “it has always been and always will be a way to escape or get out of poverty, even extreme poverty”.
Psychologist Amélia Almeida considers the Angolan people to be entrepreneurs, because, with the global crisis, there were new ways of investing and saving, with resilience.
“The Angolan people are hardworking. We just have to change our mentality, always seek knowledge and reduce complaints”, she reinforced.
For the specialist, among the crises, the worst is the mental one, which represents limits, complacency, which does not provide the ability to reinvent oneself.
Courier Euclides Ferreira recalls five years ago, according to his view, the population in general had a much more satisfactory and stable economic power that allowed savings and bold investments.
Accountant Gilberto Tomás understands that with economic instability it is difficult to create savings and subsequent investment.
“Current incomes have not been sufficient for many, not even to maintain the basic food basket”, he asserted.
However, he pointed out, it is an opportunity for people to free themselves from this “financial captivity” in which they live, so as not to depend on a single income and create their own.
Therefore, to undertake, citizens will have to create strategies in order to sacrifice some things, that is, establish priorities, through a market study in the area in which they live.
Savings, according to experts, is the part of your income that is not spent and allows you to set up an emergency fund to accommodate the financial impact of an unforeseen situation.
ANGOP
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