Ethics and Consumer Financial Behaviour in the Banking System Savings Programme

Abstract

Saving is an important part of many people's lives. Most often a person saves to buy a house, a new car, a holiday in a place they haven't visited or for unexpected situations. To have a balanced financial life it is essential to save, as it reduces stress or other problems that may arise in everyday life. The main reasons why a person saves are emergencies, having loans we want to cover in advance and goods we can't buy with our regular income. The best way to protect savings is not to keep the money in the house, but to open a savings deposit at a bank. The truth is that when money is in the house we are more tempted to spend it and so the whole process of saving takes a turn. In this paper I propose to address a topical issue of particular importance to the savings process in the banking system. Thus, we will show an analysis of the evolution and highlight the trends that have taken place in the context of inflation, certain microeconomic factors, but also in the context of the economy at the national level. We have also captured the moments when events at the national level have had a direct and visible impact on deposits in the banking system.