Save in pesos
Saving in pesos has several advantages.
It is the currency we use every day to pay:
supermarket
rent
transport
services
restaurants
If your goal is to spend that money in Mexico within a short time, saving in pesos can be a practical option.
What is the challenge of saving only in pesos?
The value of the peso against the dollar changes constantly.
There are periods in which the peso strengthens and others in which it loses value.
When a devaluation occurs, the same money can buy fewer dollars than before.
That is why many people decide not to keep all their savings in a single currency.
Why do some people also save in dollars?
The US dollar has been one of the most used currencies worldwide for many years.
For that reason, some people prefer to keep a part of their savings tied to the dollar as a way to diversify.
It doesn't mean giving up weight, but rather supplementing your savings.
A simple example
Imagine that for a whole year you save$500 MXN every month.
You have two options:
Save them in pesos.
Gradually convert them to digital dollars.
If the exchange rate changes during that period, the behavior of both savings may also be different.
That is why many people prefer not to depend solely on a single currency.
So should I stop saving in pesos?
No.
Pesos continue to be essential for daily expenses.
The question is not usually:
"Pesos or dollars?"
But:
"What percentage of my savings do I want to keep in each?"
Many people use both options depending on their needs.
A strategy that more and more people are using
Instead of trying to guess when the best time to buy dollars will be, some people prefer to do it little by little.
For example:
$250 MXN per week.
$500 MXN per month.
$1,000 MXN every fortnight.
This is how they build their savings gradually.
👉Schedule your purchase and save recurrently in digital dollars and Bitcoin
And what about inflation?
Inflation reduces the purchasing power of money over time.
Therefore, in addition to saving, many people seek to diversify how and in what currency they maintain part of their assets.
👉How safe is it to save in digital dollars?
What are digital dollars?
Digital dollars are digital assets designed to maintain a value close to the US dollar.
One of its advantages is that they allow access to this exhibition from the cell phone and with small amounts.
👉What is a stablecoin and why do millions use it?
👉Physical dollars vs. Digital dollars: what's the difference?
How can Bitsave help you?
With Bitsave you can start from small amounts and save in digital dollars easily.
Additionally you can:
schedule automatic purchases
manage your savings from the app
start from $250 MXN
All from a simple experience designed for those who want to build savings little by little.
Conclusion
It is not about choosing between pesos or dollars.
Many people choose to use both depending on their financial goals.
Pesos remain essential for day-to-day expenses, while keeping a portion of savings tied to the dollar can be a way to diversify.
The most important thing is not the currency you start with, but creating the habit of saving constantly.
References
Bank of Mexico – FIX exchange rate
https://www.banxico.org.mxInternational Monetary Fund (IMF) – Information on exchange rates and inflation
https://www.imf.orgInvestopedia – Diversification
https://www.investopedia.com/terms/d/diversification.asp