Clipping of news on Brazilian Culture, Law and Citizenship
13/04/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The credit card was appointed as one of the main types of debt for 73.4% of indebted households.
he credit card was appointed as one of the main types of debt for 73.4% of indebted households.
The month of March closed with an increase in the number of debt. Data Peic (Research Debt and Default Consumer) held by the CNC (National Confederation of Goods, Services and Tourism), show that the proportion of households with overdue debts or accounts increased in the monthly comparison, from 17, 5% to 17.9%.
The number of families who declared themselves highly indebted, which was reached in February, the lowest level since the series began in 2010, increased last month, from 9.7% to 10.6%.
Here are some tips listed by GuiaBolso you to get out of debt and not leave the most budget fall in red:
1- List and renegotiate its debts
The first step to remove the debt is how much should and to whom; from there, it's time to go for debt renegotiation. Before you even sit down at the table to negotiate with the creditor company values is important to have not only the total amount of debt, but also the interest charged. Another important point is not to accept a proposal for negotiation in the future, you can not keep.
If you have money saved, see the possibility to repay the debt in cash at a discount. If you can not, consider whether the parcels, first of all, fit in your pocket. Otherwise, the chances of you into debt again are great.
2 Start with the more expensive debts
Credit card, overdraft and loans from financial are some of the most expensive market debt. If you have any of them, start there at the time of renegotiation. After renegotiate these, depart for smaller debts.
3 Organize your bills
To end the debt and prevent further, it is important to know the real situation of your finances: you spend more than you earn? In what areas of your life you have more expenses? Where can I save?
Start writing down all your expenses and enter daily spreadsheet spending. You should put on paper all your fixed expenses. Bills you pay every month, such as electricity, water, telephone, rent (if applicable), tickets, health insurance, tuition.
All you have not but pay should enter the account. And then you have subtract this amount from the salary, because it simply does not exist: you never will have that money because it already has a certain destination. Then is the time to, with the leftovers, create spending targets. You need to set a maximum value to spend the money that remained rational and accurately. And then to restrain himself from going over.
4 Plan your expenses
After organizing the revenue and expenditure, it is time to go further and start planning your spending to pay off the debt altogether. See how much you can spend on each category of your life, such as housing, food and Leisure, and separate a value in your monthly budget to be intended only for the discharge of debts, for example, 10% of your income. It is important to be controlled and not use this value to any other area of life.
5- Create an emergency fund
In addition to planning of the monthly income to repay the debt, it is important to invest in the creation of a financial reserve for you resort to in case of emergencies. The ideal is to save at least 15% of income per month.
Who is indebted, however, often can not reach this value. So save at least part of their income in order to create an emergency fund. Otherwise, passing by an unforeseen, you may not have enough money to resolve the situation and end up in debt again.
An emergency fund ensures quieter moments for you and prevents you to make new debt. Also, just replacing the overdraft in an emergency and then you need not pay interest on banks.
6. Always try to pay cash
One of the common problems of those who make too much debt is tempted to installment purchases. This creates the false illusion that you're actually only paying to get what you want, the value of the plot. But when you make it a habit, just postponing several payments and missing a hand.
Also, when you pay in cash, you more control because the value is higher and brakes pulse unnecessary purchases.
7- Avoid having more than one credit card
In the survey of the CNC, the credit card was appointed as one of the main types of debt for 73.4% of indebted households. Therefore, care must be taken. Having more than one credit card can even have its advantages: you participate in more than a rewards program, has different deadlines for payment is accepted in more places, among others. The problem is that this is only true for those who have very well-controlled finance and day.
When you start paying on two fronts, it is much easier to get lost and overspending. Interest on the credit card companies are among the largest abusive.
Source: MSN
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This article was translated by an automatic translation system, and was therefore not reviewed by people.