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FAMILY

How can you save money on schoolbooks in Spain?

Everything has gotten more expensive in Spain, and schoolbooks are no exception. With the return to classrooms just around the corner, here are some tricks parents can use to cut costs in terms of textbooks and other material.

how to save money on school books in spain
In 2022, parents in Spain will spend on average €405 per child on 'la vuelta al cole'. (Photo by CHARLY TRIBALLEAU / AFP)

Most children in Spain will be going back to school in the second week of September, which still leaves quite a bit of time to get all the new materials and books. However, it’s best to start as early as possible, as a scramble for books in early September often causes them to run out, and prices to go up. 

In 2021, families in Spain spent on average €386 per child on their return to school, with books and other materials making up about half of the expense. 

In 2022, with rising inflation affecting pretty much all living costs, the overall return to school cost per child inched up to €405, roughly the same as for la vuelta al cole (return to school) in 2023.

For infantil (0 to 6 years), parents can expect to spend €101 per child on schoolbooks, for primaria (6 to 12) it will be €187 and for secundaria (12 to 16) the average expense is €260.

READ ALSO: Why are books so expensive in Spain?

Keeping this in mind, parents should be armed with all the tricks in the book to help reduce costs, so here are some handy cost-cutting tips: 

Compare prices in different bookshops

The website Ahorra en Libros allows you to compare prices in different bookshops, so you can find the cheapest new books. You can search them easily by using the ISBN number.

Independent bookshops

Many independent bookshops will give you the maximum authorised discount of 5 percent on books for Bachillerato (high school), and up to 10 or 15 percent for primary and secondary schoolbooks, so it’s worth asking for a discount.

Second hand websites

Of course, the best way to save money (and to be less wasteful) is to buy second hand. Websites like OkLibros and Relibrea have been set up in recent years specifically to help people find schoolbooks.

Meanwhile many parents have also been using re-sale websites like Wallapop, where users can buy, sell or exchange with people in their neighbourhood.

Some bookshops like La Casa del Libro also have their own second hand book sections, which you can search on their website.

When buying used books, be sure to check that the ISBN number matches the one in the list provided by the school. Text books have to be reedited with new information every few years, so some of them get outdated very quickly.

Getting in touch with other parents at the school

Perhaps the most effective way of swapping books is by getting in touch with other parents. It’s likely many of the books on the curriculum will be the same as the previous year, so it’s worth trying to find someone in the year above who can pass on their books, and someone in the year below who might be able to reuse yours.

The school’s own second-hand scheme

Many schools have been organising their own book swaps, where children effectively “rent” their books and return them at the end of the school year. However, this means the books need to be looked after throughout the year and kept in good condition if you want to get your deposit back.

Check if your Spanish region offers deductions

Some regional governments offer either free text books or pay for part of the price parents pay for them. For the 2023/2024 academic year, Aragón, Asturias, the Balearic Islands, Murcia, Castilla-La Macha all offer to reimburse the cost of these text books, whilst other regions and provinces help out large or low-income families in other ways with the cost of text books. 

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BANKING

How would the BBVA takeover of Sabadell affect customers in Spain?

Spain's second-largest bank BBVA is attempting a takeover of rival bank Sabadell. What would it mean for both banks' customer accounts, cards, mortgages and loans?

How would the BBVA takeover of Sabadell affect customers in Spain?

Following news that Spain’s second-largest bank BBVA is attempting a hostile takeover bid for smaller rival Banco Sabadell, many customers may be wondering what impact this could have on them if the takeover goes through.

The Spanish government has since vowed to block the move, but BBVA’s new bid came three days after Sabadell’s board of directors rejected a merger proposal, saying it was “not in the best interest” of the bank.

READ ALSO: Spain’s Banco Sabadell rejects BBVA merger offer

The takeover proposal values Sabadell, Spain’s fourth-largest banking group in terms of capitalisation, at nearly €11.5 billion ($12.3 billion).

Though the situation is still developing and Economy Minister Carlos Cuerpo has warned the government “will have the last word when it comes to authorising the operation”, there are a few things that would likely happen in the case that this takeover goes through.

Here’s how it could potentially affect millions of BBVA and Sabadell customers.

What if I have a mortgage with one of the banks?

In case of a takeover or merger, mortgages or loans would not be affected. This is because mortgages are essentially contracts with defined terms and conditions, so they could not be modified unilaterally by a bank after a takeover.

The requirements for interest rates on loans would also stay the same. However, the conditions of linked products (insurance premiums, for example) could theoretically be changed if they aren’t outlined in the contract.

What will happen to my bank card and account number?

After mergers and takeovers, as a general rule, the resulting banks tend to standardise the terms and conditions of their products, as well as their fees. This means that your card or account could gain (or lose) some fees, such as those for issuing a new card or maintaining the account.

This is not usually an immediate process, but be aware that banks can change the terms and conditions of accounts and cards following a merger or takeover.

It is likely your conditions will initially remain the same without much change, but the new/resulting bank may change the conditions later down the road.

However, banks are always obliged to inform customers months in advance of any changes so you can decide whether to accept the conditions or to change bank.

In practice, it is most likely that customers of the absorbed bank, in this case Sabadell, will see their IBAN code changed, although this is a procedure that shouldn’t really change much as it is the bank itself that does it. You’d just need to update your payment details where necessary.

What about investment funds and pensions?

In the case of investment products such as pensions, customers are likely to be forced to transfer their funds into the products marketed by the new bank, as not all banks market the same investment funds and pension plans on offer.

As such, doing this may oblige customers to assume the fees of the other bank.

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