Clipping of news on Brazilian Culture, Law and Citizenship
01.06.2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Make a financial planning helps to better control spending and maintain proper budget over the whole year. Spreadsheet developed by Idec help in this task
Many consumers are struggling to pay the extra bills that come earlier in the year, such as property taxes (Tax on Motor Vehicle Ownership) and IPTU (Urban Building and Land Tax). With the onset troubled, get spending under control the rest of the year becomes a challenge.
Not to lose the costs Idec recommends that consumers make a financial planning. View your relationship with money, comparing what goes with what comes out, it may be a good way to become more quiet and still spend more responsibly.
A simple way to do planning is to build a table with two columns. On the one hand should be listed all income (personal or family), including salary and other income sources; the other expenses, starting with the fixed (such as rent, condominium, water, electricity, telephone, health insurance etc.), and then the variables (such as taxes, medicine, transportation, food, leisure etc.).
Thus gives to know how much can be left at the end of the month, allowing reallocate spending, set an amount to save on savings or even schedule the purchase of a good sight, for example, fleeing the financing of interest.
Annual budget
A more accurate planning, however, requires more work. For this, the consumer should group the receipts of all expenditures of the previous year (separating fixed the possible), add them up and then divide by twelve to get in, so an average monthly expenditure.
This is not as difficult as it seems and the benefits outweigh the financial balance! Check below the tips of Idec, step by step, for the preparation of the annual budget:
1 - Adopt a minimal organization to save receipts of expenses paid during the year (a folder, an envelope, a box), grouping them by type of expenditure;
2 - Add the accounts of continuous or fixed services costs. Add the receipts from January to December and divide by twelve to get the average of which was spent in the previous year.
3 - Gather any expense accounts. Consider recurrence and establish an average from what was spent and more a reserve of 10% contingencies;
4 - Organize the information in a spreadsheet, placing in the first field income (salary amount and other sources of income). In the columns below, in the same order, identify the field for the fixed costs and any detailing what it is and the mean value obtained in each account;
5 - Design the average monthly amount of expenditures for the period of 12 months, observing the installment payment of taxes, for example;
6 - Stay tuned to month come on vacation and the payment of Christmas bonus to release the funds in the budget. Do not forget that the holidays are paid in advance and the following month, when you return to work, there will be no salary;
7. Add all the income considering the salary adjustment of its kind based on the rates applied in previous years;
8 - Calculate the total income minus total costs (fixed and variable) and the remaining balance, make a reservation or you might consider investing money.
Household Budget Worksheet
To help consumers plan their finances, Idec created the Domestic Budget Worksheet.
The tool is free and very useful to track the origin and destination of the money, allowing account more clearly the cash purchases, for example, to predict future income and finally achieve financial balance. Download now!
CAMPAIGN
Want more guidance on how to keep the budget on time? Donate to crowdfunding campaign Idec and, besides contributing to the continuity of his work, receive exclusive materials on financial education: IDEC STRONGER, CONSUMER STRONGER.
Source: Idec
To access the IDEC website, click here.
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This article was translated by an automatic translation system, and was therefore not reviewed by people.