Clipping of news on Brazilian Culture, Law and Citizenship
25/03/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
In February, 24% of Brazilian consumers ended the month with a negative balance in the bank, according to research done by the financial control app GuiaBolso.
The percentage includes consumers who used the overdraft (credit offered automatically by the bank when there is insufficient balance in the current account) or had anticipated values by the bank to register negative balance in the current account, where the financial institution does not offer the overdraft.
As a result of the lack of budget, consumers paid an average of 199 dollars in interest to the bank in the month.
The survey was conducted between 24 and 28 February with a sample of 11,993 people who use the financial control tool, both for the site, as in applications for mobile devices with iOS and Android system.
The Northeast recorded the highest percentage of users with negative current account (28%). Customers of banks in the region were also those who have paid more interest (254 reais).
See the table below the percentage of customers in red and the average value of the fees paid to the bank in each region of the country, according to the survey:
Source: GuiaBolso
As the interest charged on overdraft is one of the highest in the market, uncontrolled financial situation worsens, according to Benjamin Gleason, partner GuiaBolso. "The debt can turn a snowball quickly."
Woman upset with accounts: Survey shows that consumers paid an average of 199 real interest in the month for using the overdraft © Photo: mactrunk / Thinkstock Woman upset with accounts: Survey shows that consumers paid an average of 199 real interest in month for using the overdraft
For Gleason, additional vacation and spending more common at the beginning of the year as tax payments, may have contributed to the financial disarray.
He said the average amount of interest paid by Brazilians who were negative balance increased in the last six months.
In August 2014, the value was an average of 180 reais. "We believe it is a reflection of the increase in the basic interest rate (Selic) in the period," says the executive.
How to deal
If the problem is the lack of financial discipline, customers should seek suit your budget for monthly expenses.
Gleason recommends calculating the income and book a monthly percentage for essential expenses such as housing and health, and for the payment of debts or financial investments. "Only the remaining amount must be used for other expenses such as spending on leisure."
In case of financial unpreparedness to deal with unforeseen situations such as unemployment, partner GuiaBolso suggests that debt on overdraft is replaced with a cheaper loan, such as personal loans. "That way, consumers can reduce the payment of interest and have more time to cut spending and adapt to the situation," says Gleason.
Source: MSN
To access the MSN site, click here.
Our news are taken in full of our partner sites. For this reason, we can not change their content even in cases of typos. transparent image
This article was translated by an automatic translation system, and was therefore not reviewed by people.