Clipping of news on Brazilian Culture, Law and Citizenship
07/10/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Add quick cash can be a challenge for those who do not have the habit of saving, and especially in the case of people who have to deal with debts.
But contrary to what looks like, take care of personal finance is not an animal without rhyme or reason. Just a few changes in routine and the way we consume, and has determination.
The GuiaBolso site listed seven steps for those who want to save money and do not know where to start. Check out:
1- Start slow
Who does not have the habit of saving money will not be able to acquire it from hour to hour. So it is important to start at a normal speed. Set aside a small monthly fee and put into savings as soon as you receive your salary. There needs to be a high value. The important thing is to make the habit of saving part of your routine. Then you join money faster and even automatic.
2 Note spending
By writing down spending, you know exactly where the money is going and can identify potential savings. Analyze your expenses and see if there is any category you can cut spending to save money.
3- Have a financial manager
A financial manager is a very useful tool to have an overview of your finances and control exactly revenues and expenses. Use the system to their advantage to write down your expenses to see how much you spent and how much you can save.
4- Pay debts
The debts are a major enemy of those who wish to learn how to put quick cash. After all, to succeed in this mission, you need to pay off all your debts (and interest accompanying them). Start prioritizing the most expensive debts such as rotating credit card and overdraft. An alternative is to resort to a payroll loan, which charges lower interest rates to pay off the most expensive debts.
5- Keep goals
Add quick money is easier when you have a goal. This helps to maintain discipline. One way to do this is by setting three dreams, a short-term (up to two years), a medium (up to five years) and other long-term (over five years). Reflect and analyze what is important to you. Your goal can go to pay off debts to buy an apartment or even achieve financial independence.
6- Establish an amount to save
To start saving money, divide the value of the goals you set the number of months you will take to earn it. Who want to do an exchange in the amount of R$ 12,000 in 24 months, for example, must earn at least R$ 500 per month during this period to accomplish your dream. Regardless of dreams, to gain financial independence, which is a goal of all, we should save on average 15% of what they earn.
7. Choose how you will save the money
In addition to defining how much will join, it is important to carefully choose the type of investment that will put their money. For the amount used to fulfill a dream, for example, it is a good idea to keep the value in an application that pays interest and protect money from inflation. The savings, which has low income, is only a good option to save values for a short time. People who think of enough money to supplement Social Security in retirement can leave for a private pension plan. Direct Treasury bonds are also safe options. If you want to save money for the future choice securities maturing close to the date you want to retire.
Source: MSN
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This article was translated by an automatic translation system, and was therefore not reviewed by people.