Clipping of news on Brazilian Culture, Law and Citizenship
08.12.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
More than half of consumers prefer piecemeal holiday shopping. This year, more Brazilians will pay the presents with the credit card
The debts assumed with the Christmas presents last year took 17.2% of Brazilian consumers to have the name included in credit protection records. The percentage of consumers who were delinquent because they got out with the holiday shopping is even higher among people from classes C, D and E (21.7%). Data are from a national survey conducted in all capitals by the Credit Protection Service (SPC Brazil) and the National Confederation of Shopkeepers (CNDL).
Another fact that notes the lack of control with the Christmas consumer spending, is that 56% of those who entered the delinquent list are not sure the value of the debts that put them in this situation. According to the chief economist at the Credit Protection Service (SPC Brazil), Marcela Kawauti, not to have a nasty surprise at the beginning of next year, Brazil should avoid excessive installment with Christmas shopping. "The household budget usually push earlier this year with the collection of taxes as property tax, property taxes and expenses with tuition and school supplies. If the person does not have control of your budget and spend on purchases above values of their ability to pay, it may end up defaulting, "explains Marcela.
Brazilian prefer piecemeal
Piecemeal holiday shopping is an old Brazilian consumer habit. More than half (52.4%) of respondents have the habit of splitting into several installments purchases of Christmas presents, and most (35.7%) does so to be able to give all you want.
According to the survey, for Christmas this year, the average is five installments. This means that those who buy gifts this month December, will end only to pay the last installment at the time of Mother's Day in May next year. "The impact of the year-end shopping at the budget consumer should not be underestimated. Share purchases in installments out of sight can disrupt planning for the start of a new year free of debt, "advises Joseph Vignoli, financial educator portal My Pocket Feliz.
Grow the Christmas shopping on a credit card
While 42% of consumers want to use the money in time to pay for holiday shopping this year, there was an increase in the use of credit cards, which rose from 38% at Christmas last year to 41% in 2015; 28% They will pay more than two installments on the card. Experts SPC Brazil explain that concentrate the spending on a single date of invoice and you can view from the extract to where the money is going is a facilitator of time and planning provided by credit card, but their use requires discipline.
In the assessment of experts, the charges levied to pay the minimum bill and Revolving interest are the great risk for those who will spend all purchases this Christmas on the credit card. "The card is a great way to piecemeal purchases, but should be very well used, at the risk of paying excessively high interest rates if the consumer does not pay the full amount of the invoice," explains economist Marcela Kawauti.
Tips to not get in the hassle at Christmas
Experts from Brazil and SPC's financial education portal 'My Pocket Happy' prepared some tips to avoid over-indebtedness with Christmas shopping. Check out:
- Take stock of your debts before you go shopping, and quite them with the 13th salary, prioritizing debts involving the cutting of the service provision and charge higher interest;
-Make A list of people who want to gift setting a maximum amount to spend without blowing your budget. Do not forget to add all that is spending to avoid surprises later;
-Avoid Piecemeal many times since past festivals debt continues and will disrupt planning for 2016. Write down all appointments beginning of the year as re-enrollments, school supplies, property taxes, property tax, among other expenditures already planned for the period;
-Avoid Impulse purchases. Remember that this time of year the incentives to buy are very large. Keep track and not go out shopping without a prior list to stay focused;
- Do not play all alone at Christmas dinner to impress guests. This can hurt your budget. Ideally, each participant take a dish, drink or dessert;
- Plan itself. Be sure to purchase the items supper at the last minute because the closer the date the products are more expensive. It can make a lavish dinner at a reasonable cost, provided they do a search and purchases are anticipated.
Methodology
The SPC Brazil interviewed 601 consumers of both sexes and over 18 years and all walks of life in 27 capital cities. The margin of error is 3.7 percentage points at a confidence interval of 95%. This means that in 100 withdrawals using the same methodology, the results will be within the margin of error 95 times.
Source: SPC Brazil
Our news are taken in full of our partner sites. For this reason, we can not change their content even in cases of typographical errors.
transparent image
This article was translated by an automatic translation system, and was therefore not reviewed by people.