Experts agree on savings: "Keeping all your money in a checking account is one of the biggest mistakes"

Spanish households often keep savings in current accounts, a habit experts say limits budgeting and long-term returns.

Elizabeth Wakefield and BBVA recommend splitting money across separate accounts for income, bills, emergencies, and future plans.

Using multiple accounts can improve spending control, make emergency funds clearer, and help organize goals like vacations.

Triodos Bank and Banco de España studies highlight that better account separation can strengthen personal financial planning.