Subject that interests people of all ages, personal finance is an essential concern of those who want to have a healthy and balanced life. If you? want to achieve success in this area, know that no? difficult.
It is enough to have the strength of will and persistence to acquire new financial habits and start to have the habit of taking care of money consciously and thinking about the future. Check out the best personal finance tips now:
1. Have a personal financial control tool
Control spending and know exactly where your money is? going? a fundamental step to keep your personal finances up to date and one of the most important personal finance tips. H? several tools available to assist you in this task. The most common of them? the expense control spreadsheet.
An Excel template can help you record income, expenses and their respective categories. Although accessible, the model requires permanent updating so that no expense is left out.
Another personal financial control tool? the GuiaBanço . Fully online and automated,? connected to Internet Banking. Therefore, your movements are automatically transferred to the application
2. Use the best of personal finance tips
The 50-15-35 rule argues that income should be divided into spending targets. Are you? it must allocate 50% of its revenues to essential expenses, such as rent; condominium; electricity bills, water, gas; school tuition, health plan, etc.
The equivalent of 15% of income goes to financial priorities. If you? there are doubts, this value? destined to quit? them. If you are up to date with your obligations, save the 15% in savings, fixed income fund or other type of investment.
The remaining 35% will be used to maintain your lifestyle: leisure, gym, personal care, etc.
3. Renegotiate debts before saving money
This should be your first financial priority. Before you start saving,? It is important to know what your debts are, the amount and to seek your creditors to renegotiate the payment. Remember to close a deal that you? can effectively fulfill.
4. Create an emergency reserve
Everyone, at some point in their lives, has a financial emergency: a broken car, a large expense with medicines, school supplies that were not foreseen on the list… To deal with these unexpected expenses without having to make one current account breach count on an emergency fund. Save a little every month until to arrive ? equivalent amount of three to six months of your monthly income.
5. Retire the credit card
No? Oh? How to deny that the credit card is often? a hand on the wheel. However, h? people who don’t know how to handle plastic money. Result: they lose control of spending and their budget is over. For the sake of your personal finances, retire your card and adopt payment? View. In addition to being able to claim discounts, you? Do you have any money? leaving your account.
6. Stop taking loans
Many people are so used to taking out loans that they see that process as part of their financial routine. If this? your case, stop now. Loans should be considered as the last resort and not as a habit. Every time you want to buy more substantial goods or take a trip, save money for that purpose.
7. Exchange expensive debts for cheaper ones
Overdue debts and credit cards are the ones with the highest interest rates on the market. If you? are you? indebted in one of these media? It is time to act and seek to exchange expensive life for a cheaper option, such as a payroll loan, which? discounted directly from the paycheck, or by a model with a guarantee of goods. Interest is more affordable.
8. Save at least 10% of the salary
With the debts paid off,? time to save. Save 10% of the salary every month? it is a habit that will make a difference in the future.
9. Take care of retirement as soon as possible
How sooner are you? to worry about your retirement, the greater the amount you get?