Clipping of news on Brazilian Culture, Law and Citizenship
09/05/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
" A month interest on the credit card equivalent to two years of gains in savings ," compares . The savings income in the last month was 0.45 %, while the interest on the card were in the range of 9.37 % monthly . Its indiscriminate use can be avoided by controlling the household budget , which is done by only 5 % of the population , according to Dana .
" The ideal is to reserve 50 % of the resources for survival (lease , finance , food) , 30% equity ( assets , retirement and applications ) and 20 % with wasteful spending ( entertainment , clothing) ," recommends the teacher .
Dana pointed the greatest danger signs credit card that surpasses in interest the overdraft , personal loans and payroll . Check out what they are and learn to make good use of this feature to avoid going into the red :
1 - Use the card without criteria
Partial payment of card purchases or delay the bill for the following month is without a mistake , warns consultant. It should be used only in emergencies , or when it is not possible to use cheaper lines , such as payroll loans , which charges fees of around 1.7 % per month , by discounting the amounts of payroll . The same caution applies to the overdraft , the second mode most expensive on the market.
2 - Ignore hidden costs
Many people forget that the total cost of debt goes beyond the interest charged . Enter the account costs not always easy to see , as the rate of credit opening and secure embedded Dana remembers . So , before hiring a credit card or other method , one must know the terms of the contract to know what the charges provided for contracting the debt.
3 - Have to pay after maturity
If the purchase was made in cash at the beginning of the month , and card bill arrives near the end , settle the amount at maturity is a great opportunity to take advantage of the credit without paying interest . " If you pay the invoice by the due date , the card will be your friend ," says the professor at FGV .
4 - Parcel purchases without interest
A zero rate of sales over time may hide a trap prices , according to Dana . Typically, interest is hidden in the total appliance or mobile , for example. Together the plots , it is necessary to see how much it would cost well in sight. Typically , the consumer negotiates a discount with the seller to buy because stores that sell term interest often embed the total product price .
5 - Not knowing the monthly fee
When the client is unaware of the interest charged on the debt is easier abused the lender . Be aware of the fees charged in other lines of credit and show that knowledge to the bank manager makes a deal to lower interest rates . " If you show that you want to migrate to another bank debt , the portability of credit is a good start ," says Dana .
6 - Ignoring the term debt
No use getting credit at lower rates if the term of payment is too long . " It is important to look not only interest , but the total value ," says the teacher . Thus , it is worth comparing the final price of the good purchased is lower with higher interest rates and a shorter period .
7 - Obsession for miles
Add points on the card to redeem for airline tickets is a strategy to encourage the use of this type of payment. After all , the more you spend, the more miles you accumulate . The appetite for points can trigger the uncontrolled consumption . Another risk , warns Dana , is that the destinations to which they apply the miles are often more expensive without the miles , and the exchange can not compensate.
Source : ig
Our news are taken in full from our partner sites . For this reason , we can not change the contents of the same even in cases of typos .
This article was translated by an automatic translation system, and was therefore not reviewed by people.