Clipping of news on Brazilian Culture, Law and Citizenship
10.27.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Portion that allocate allowances to reduce debt rose from 62% to 74%
Rio - With increasing consumer default, the payment of debts will be the main destination of the Christmas bonus this year for most Brazilians. According to research from the National Association of Executives in Finance Administration and Accounting (Anefac), this was a 74% response of 1,037 Brazilians interviewed this month.
This number increased compared to 2014, when 68% of respondents pointed to discharge debts as a first resource usage option received at the end of the year. The survey indicated that 83% of these debts are related to credit cards (44%) and overdrafts (39%). Then appear debts with bank financing (7%), regularization name (4%), trade services (4%) and various debts, as utility rates (2%).
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Photo: The Art Day
Anefac experts explain that the data indicate rising levels of consumer indebtedness due to the reduction of economic activity, increased interest rates and higher inflation. Tied for second in the 13th destination list, with 8% of respondents are those who want to use some for buying gifts and those who prefer to save and apply the rest of the money to pay service charges earlier this year such as materials and school enrollment, property tax and urban land (property tax) and the Motor Vehicle Tax on Property Land (property taxes). There was a reduction of 27.27% in these items compared to 2014.
Among those who will shop, clothes and mobile phones appear more often as items to be purchased, with 75% and 73%, respectively. Electronics and various goods, with 65% each, are also among the most frequently cited by respondents. Relative to the value that consumers intend to spend, 42% said it will be between R $ 200 and R $ 500. Then there are those who reported values between R $ 100 and R $ 200.
On the payment methods, most indicated the use of own resources in cash, as debit or check (82%) and credit card (80%). Compared to the previous year, an increase of 2.5% compared to those who said pay for purchases in cash. The postdated check is an option for 60% of consumers.
The Anefac guides the thirteenth preferably be used to pay debts, especially those with higher charges, such as revolving credit cards and overdrafts. On average, it said, interest rates reached 13.59% per month (361.40% per year) and 10.24% per month (222.16% per year), respectively.
Plenty going for gifts
Trade will compete with the debts the fate of 13 workers. According to research from Anefac this year the products that will attract the resources of the Christmas bonus will be: clothes with 75%, 73% and mobile electronics and various goods with 65%. Several shopping segments showed a reduction in the intention of consumer spending (higher added value products) like electronics, mobile phones, white goods, computers and construction materials, demonstrating greater caution and reduced consumer spending, is due to a year 2015 more difficult - because of the economic recession, higher inflation and higher interest rates - is due to the worsening economic expectations for the year 2016.
The intention to purchase toys fell from 52% last year to 49%. The reduction according to Anefac, can be attributed to changing consumption habits of children, which increase the preference for electronics.
HOW TO USE
"Pay debts more expensive"
Use preferably in the 13th payment of debts, especially those that embed higher interest rates, such as revolving credit cards and overdrafts, the average rate per month reaches 13.59% (361.40% per year) and 10.24% (222.16% pa), respectively. If left over, take time to settle other debts;
Paid off debts, remember to try to set aside money for the year beginning expenses (property tax, property taxes and school fees (books, uniforms and enrollment) in addition to the Christmas shopping (post-dated checks and credit card) to avoid entering again in the red at the beginning of next year;
Having no debts or remain after their regularization, apply on a fixed income fund or savings account;
If you make a loan, always search for interest rates and other extra costs to the extent that there are huge variations in conditions of financing;
Avoid overly compromising your budget with debt, avoid long-term loans, which besides representing higher costs, compromise their income for a long period;
If possible, postpone purchases on credit to pool their money and buy in cash, avoiding interest. If you can not, bargain smaller possible time.
Source: The Day
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This article was translated by an automatic translation system, and was therefore not reviewed by people.