Spend your savings now: the extreme strategy against inflation

The rush of precautionary spending in the face of relentless inflation

Spend your savings in one go, or wait for your money to melt away? The question is no longer theoretical. Over the past two weeks, according to price trackers, a basket of products from Amazon and Leroy Merlin has risen by 10% on average. And what's coming in October, with the VAT increase in hospitality, points to another squeeze at the supermarket. In this scenario, the mantra gaining trinc is simple: spend now.

Some take the strategy to the extreme: blowing everything on luxuries, buying goods to be paid for in 2030 (like planting trees before land prices rise) or leveraging up to the hilt. The logic is devastating: if prices accumulate 30% in a year, debt evaporates at the same pace money loses value. Even Spanish government bonds look ridiculous against real inflation, unless you take on high risk and get it right.

The opposite view also has arguments: some prices have fallen, and precautionary splurging looks like an excuse for compulsive consumption. Others point out that keeping money in the bank may be legal but not always safe, and recommend keeping no more than the minimum necessary in your account. Between the antiestéticar of devaluation and the temptation to spend, the Spanish saver faces a classic dilemma: if everything gets more expensive, those who wait lose; if everything crashes, those who spent lose too.

Turning savings into a plot of land or a TV is not a solution, but at least when inflation takes its toll, the buyer can console themselves that they did their part to boost consumption.