With that in mind, we’ve brought you a different post to help you get to know your personal finances better and, in particular, to organize them to have a light lifestyle without unnecessary expenses, worries about bills or even getting your name negative. Check out!
How are your finances?
Do you know how your personal finances are doing? Have you ever stopped to analyze them in detail? If the answer is “no”, no problem. Today is the day to change this scenario!
For this, list in detail what are your financial reserves, your investments and your monthly expenses. Taking this step is essential to understand which of these last three areas ends up consuming more of your net income and to identify what can be done to increase the balance between them.
How about doing a financial detox?
After combing your personal finances with a fine-tooth comb, it’s a great idea to perform a financial detox. Yes, that’s exactly what you read: eliminate everything that compromises your budget, leave you one step away from going into debt and ends up being a source of stress, worry and bad mood.
As an example, we can mention the hiring of services that you barely use (such as a subscription to an online newspaper or receiving magazines at home), the monthly fee for the sports club that you only go to once in a while, the maintenance of that credit card that has a very high annuity etc. In short, the possibilities are diverse and can even bring a drastic reduction in your expenses.
What is the best form of payment?
The answer is quite simple: cash payment. This is because, when paying at the time of purchase, you do not compromise your credit lines or purchase instalments that will extend over the next few months, taking a portion of your monthly income.
As a bonus, it is still possible to get special discounts on the value of the product or service, which means saving more money.
Well, we explain: this should be your first option, but not the only one. After all, unforeseen events happen and you don’t always have the amount you need to consume what you want right there, right?
In cases like this, it is worth resorting to a credit card or a store credit card, for example. However, be aware: avoid splitting several purchases simultaneously!
Even though their cost is low when analyzed separately, they must all be paid monthly. In other words, the greater the sum of them, the heavier it will be for your pocket. Therefore, self-control will be indispensable here.
How to buy with a conscience?
The secret to buying with awareness comes down to two important steps. The first is to write down what you need and the level of need for it. This is a simple practice, but it helps to assess what is really a priority and what can be left for the future.
That is, at a time when your budget will be a slacker and you can even take advantage of a promotional period or commemorative date in commerce, such as Black Friday, Christmas and the beginning of the year sales.
The second step, on the other hand, involves a process of thinking about impulse purchases. When you find yourself in a situation like this, stop and ask yourself the following question: is this product I’m buying really useful?
Is it something I will use for the long term? Am I taking it because I want to or because I was influenced by advertisements, acquaintances or even famous profiles that I follow on social media?
From there, these superfluous expenses will decrease and you will continuously exercise a more conscious consumption. By the way, it is worth mentioning that these two tips are great to be taught to little ones, ok? Thus promoting financial education for children.
What are good account registration practices?
One of the mistakes that makes it difficult to have control over your personal finances is the lack of records of them. After all, as good as your memory is, it’s natural to forget one thing here, another there, especially when it comes to those small expenses made in the rush of everyday life. Added to this are household expenses, health, leisure and so on.
Then you see: without noticing, you end up having more expenses than your income allows and this gets worse month by month, which becomes a snowball that only grows and takes away your peace. So start keeping a steady record of everything you spend.
It can be 100% manual in a notebook or notebook if you prefer, but we suggest using a financial management application, such as Minhas Economia, Guiabolso and Finance. This way, you save all your data in the cloud in an optimal way and can still access them with just a few clicks from any device. In short: it’s more practical and faster in your routine.
As you have read, it is possible to have a healthier relationship with your personal finances through changes in your shopping habits, expense records and monthly budget monitoring. Activities that demand planning and effort, but which are far from the complex!