Budget is tight? See tips on how to save! – Municipal Mail

Budget is tight? See tips on how to save! – Municipal Mail
Budget is tight? See tips on how to save! – Municipal Mail

In Brazil, 66.6 million citizens are in debt, according to the Serasa Experian Consumer Default Indicator, released in early July. But after all, is it possible to reach the financial balance of the personal or family budget? The answer is yes!

According to the coordinator of the Accounting Sciences course at Faculdade Pitágoras, Gildenor Pereira Leite Filho, with planning, emotional intelligence and a little effort, it is possible to balance expenses, have a clean name in the market and still save for the future.

“It is usually something rare to see a Brazilian with financial planning up to date, because culturally we are not usually taught about financial matters. But it is very important to seek knowledge in relation to personal finances, since the lack of planning can even affect the family climate and emotionally destabilize the person who is in debt”, he says.

Here are some tips on how to save money:

1 — Identify your income and expenses

Numbers never lie, and the first step to taking control of personal finances is to list, at the tip of the pencil, all your income and expenses. For this task, it is worth using a spreadsheet on the computer, as well as the various application options available for cell phones.

It is important to clearly define what are the fixed expenses (rent, financing, purchases, transport, health plan, education, water, electricity and telephone bills; in addition to the monthly purchases at the supermarket and food delivery), what are the variable expenses (trips to cinemas and museums, or outings to bars and restaurants) and even provide an amount for extraordinary expenses, such as the purchase of medicine, for example.

Only with this well-defined control is it possible to identify where your money comes from and where it goes, and from that assessment make decisions to decide what and how to cut expenses.

2 — Pay the bills on time and negotiate

No receiving your salary and procrastinating paying your bills. Do you know the jokes that are shared on the internet that the money barely rests in the account? It’s even better if he doesn’t stand still! Interest on late payments, even if they are low, make a difference at the end of the month.

For those who are in debt, it is interesting to renegotiate the debts. Credit card interest, for example, is usually higher than interest on a loan, for example. So, it makes more sense to pay off the revolving loan with money borrowed from the bank, paying off the diluted debt in the form of a loan.

Another good tip is to look for service providers that offer benefits or lower prices. It is worth researching which telephone company offers the best plan, and even which gym has the most advantages for customer loyalty.

3 – Rethink your spending

Do you need to buy five new shirts or shoes? Is that appliance or object for your home really important? Is it necessary to accept all your friends’ invitations to go to the bar? Why, instead of going out to lunch every day, you don’t take a lunch box to work?

Every little expense that seems harmless, but at the end of the month, all of them added up, can become the big budget villain. So have emotional intelligence to make the right choices in pursuit of your big goal.

If it is essential to buy a product or service, research which company has the best price, or even if it is possible to receive cashback, a cash back percentage. Searching for points programs or cash discounts are also good ways to save money.

4 — Plan important purchases, investments and expenses

Planning is the key to success in saving money. It is much easier to cut expenses to use the money to fulfill a dream, such as buying your own house, a new car, or even taking that super vacation trip. Making sure what is really important to you will also help you make choices and budget cuts.

5 — Have an emergency reserve

We never know when there will be an unforeseen event. The loss of a job, the car that crashed, a friend or family member who is in a delicate situation and needs help, and even a case of unexpected illness.

That’s why it’s important to have an emergency fund. If you lost your job today, or if you had to close your business, how many months would you have money to spend peacefully, worry-free? The ideal is to have saved values ​​for the total of your monthly bills for three to six months.

6 — If you have money left over, invest it

Did you have a little money left? Then invest that surplus for the near future and for retirement! Many people think that investing necessarily means saving large amounts of money, but you can start small, and increase investments over time. The important thing is to get started! Couldn’t save money in a certain month? Make up for the next one! Consistency is the key to achieving the ultimate long-term goal.

For those who are more “traditional”, savings are a good old acquaintance to deposit savings. For those who are more “daring”, why not invest in stocks in the financial market? There are several investment options, whether for those who want to risk little, with predictable income; or for those who prefer to have higher returns, taking more risks.

About Pythagoras College

Founded in 2000, Faculdade Pitágoras has already transformed the lives of more than one million students, offering quality education and content compatible with the job market in its undergraduate, graduate, extension and technical education courses, whether presential or distance learning. . Present in the states of Minas Gerais, Maranhão, Goiás, Ceará, Pará, Piauí, Paraíba, Pernambuco, Acre, Alagoas, Bahia, Espírito Santo, Paraná and São Paulo, Faculdade Pitágoras provides numerous services to the population through the School Clinics in area of ​​Health and Centers of Legal Practices, places where the academics develop the practical studies. Focused on the excellence of the integration between teaching, research and extension, Faculdade Pitágoras offers quality training and has in its DNA the concern to share knowledge with society also through projects and social actions. Faculdade Pitágoras was born inheriting the tradition and quality education offered by Colégio Pitágoras, founded in 1966, which also gave rise to the Kroton group. For more information, access the site.

About Kroton

Kroton was born with the mission of transforming people’s lives through education, sharing the knowledge that forms citizens and generates opportunities in the job market. Part of the holding Cogna Educação, a publicly traded Brazilian company among the world’s leading educational organizations, Kroton brings quality education to more than 1 million higher education students across the country. Present in 1,672 municipalities, the institution has 124 units of its own, under the Anhanguera, Pitágoras, Unic, Uniderp, Unime and Unopar brands and has been a pioneer in distance learning in Brazil for over 20 years. Kroton has the largest operation of distance learning centers in the country, with 2,517 units, and offers 100% of the existing courses in the on-site modality in the digital environment. With the transmission of more than 1,000 hours of classes each month in virtual environments, Kroton works to always offer the best experience to students, supporting their professional training journey so that they can achieve their goals and dreams. For more information, access the site.

Source: Advisory

The article is in Portuguese

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