PERSONAL FINANCE: GET IN CONTROL WITH THESE 5 SIMPLE TIPS
HOW TO ORGANIZE PERSONAL FINANCES?
A organization of personal finance is essential for anyone wanting to extend equity. And there’s only one way to do this: making more money than you spend.
For this to happen, you must know how much goes into your cashier and how much goes out. More than that, you need to know where your money is going.
How? Through financial education. It may not seem like it, but taking care of money is a science and an art.
There is no formula to get rich, but there is a discipline needed to earn money. Let’s see what it is?
14 PROVEN PERSONAL FINANCE TIPS
Wealth is not the result of chance. If it were, perhaps the Faculty of Economics would not exist.
In addition, the search for the study of financial education is increasing, as people have started to wake up to the subject.
It is known that there are habits that help you to get rich. Here are the 15 top tips for your personal finances.
You will know the ideal path to strengthening heritage and enrichment. Check it out!
1. CONTROL FINANCE USING A PERSONAL FINANCE WORKSHEET
One of the simplest tools for controlling expenses is the spreadsheet. It is easily adaptable to your financial reality.
Basically you can build any table you want, plus it’s easily understood as you only need to list the expenses to have a control.
Of course, there are several types of spreadsheets that vary depending on the complexity of your earnings.
However, you need to know that any table is better than not having a control.
2. SWITCH DEBT AND HIGH INTEREST FOR LOWER INTEREST TO CONTROL YOUR PERSONAL FINANCE
A habit that you should have is always to look at the interest rate of whatever you are contracting, be it a service or a credit card.
You will be surprised how much fee you pay.
Compare values and always opt for the lowest interest rate.
Over time you will see that it is more worth waiting to pay in cash – and have a more direct negotiation, with discounts – than in installments and ending up paying double the amount.
If you want a low interest rate at personal loan, check the conditions of Bom Pra Crédito partners , since they are the lowest rates in the market.
3. CUTTING UNNECESSARY EXPENSES
List all your expenses to get a balance. You see where your money is going.
From there, you can know what is really important, and what is superfluous.
With this, it is possible to make unnecessary spending cuts, one of the main tasks for capital accumulation.
If you find it difficult to establish expenses that are unnecessary, ask yourself a few questions, such as “do I really need this?”, “Is this helping me in any way to make more money or is it money lost?” and “can I exchange this product for a cheaper brand?”.
4. PAY YOUR BILLS ON TIME
If we don’t have control of the accounts, we might even forget about some slips.
One way to never get lost is to pay your bills on time. You avoid headaches or even fines that would take part of the income.
You know how much interest can cost your pocket. By paying on time, you also get into the habit of valuing the payday, which is fundamental to creating a solid equity.
5. CREATE A FINANCIAL RESERVE FOR EMERGENCIES, SAVE A LITTLE EVERY MONTH
Another fundamental step to having good control of your personal finances is to create a financial reserve.
You’ve certainly needed money in emergencies, and you had to take out other expenses or even borrow money.
A financial reserve is just for that. With this fund, you don’t need to mess with your accounts.
Save an amount every month to keep this fund. Ideally, you have enough value to live for at least 3 months without having to generate income.
This fund will serve both for health emergencies, such as equipment repairs, last minute bills, in other words, anything that is considered urgent.