At Banco Santander, we give you advice so you can make the decision that best suits your needs. When you get money unexpectedly, sometimes it's not easy to decide what to do with it. There are many factors to consider when making the decision: do you want to pay off a debt?, do you want to increase your assets? Or would you rather have money that doesn't decline in value over time?

If we know what your financial needs and objectives are, your options for managing your money will be clearer. Usually, the most common options for managing unexpected money are:

  • Make a financial investment: the advantage of doing this is that you can tailor it to your financial capacity and you could make gains. The disadvantages are that there are various degrees of risk.
  • Buy a house: the advantage of this is that, in the long term, it could appreciate in value. The disadvantage is that you have to invest considerable time and money to maintain the property.
  • Save money in a bank account: the advantage of this option is that you will have the money at your fingertips, without the risk of losing it. The disadvantage is that the money will lose value every day due to inflation..

There is no right or wrong option. It all depends on your profile and your needs. At Banco Santander, many customers in your position choose to make a financial investment. Investing is another way to save for the future and could provide more long-term growth than leaving the money in a savings account. Investing could also prevent your savings from losing value over time.

There are three things you should keep in mind before investing

  1. Start as soon as possible.
  2. Diversify.
  3. Keep your investment long-term.

Over the years, we have got to know our various customers and we have identified five types of customer according to their risk profile:

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