Clipping of news on Brazilian Culture, Law and Citizenship
01.11.2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Specialist argues that the beginning of year is the best time to conduct a "housecleaning" in the budget
Forecasts for 2016 are not optimistic, but it is still possible to avoid various disorders
Forecasts for 2016 are unfavorable economic and political environment. High inflation, high dollar and locked economy. Taking into account all these factors, it is important to be aware of personal expenses. The president of the Brazilian Association of Financial Education (Abefin), Reinaldo Domingos, says this is the best period to make a "cleaning" in the budget, to realize as they walk the bills and get start the year in the black.
Check out some tips given by Reinaldo Domingos:
Beware of the 13th - "The debt is a problem that must be resolved with the salary itself," says Reinaldo Domingos. According to the expert, using the 13th salary to pay debts and financial problems only masks hides a "lack of financial education in every family." For the expert, the debt needs to be resolved with a reduction in expenditure, and it is likely that people who experience problems as such end up extrapolating their living standards.
Who still has a remnant of the 13th can use it to increase investments. "50% may be allocated to any application that the person already has and 50% can be used to plan a leap toward financial independence by investing, for example, private pension," he explains.
Analyze your financial situation - Financial educator explains that one must study before you go compulsively shopping. Identify where the money is being spent effectively so that we can know what wasteful spending can be eliminated. Get to know their own earnings and expenses. "Just know how much you can spend without getting in the red, who knows exactly how much comes in and how much goes out of pocket each month. And on that basis, defines how and what you can spend. " Also according to the expert, we need to assess whether the financing arranged, whatever they are, will fit in the budget.
Search for prices and options - President Abefin is also adamant about the need to save. "If conditions do not allow, look for other more pleasurable and less valuable options. You have to shop around (for all types of purchase, all year long) and set a maximum spending. Do not forget, of course, to ask for some sort of discount.
The year of the turn is the time to gather the family and plan the future. "Define three priority dreams that have different deadlines to be done - short [up to one year], middle [up to ten years] and long [over ten years]. This will be a motivating factor to adjust and drive the family budget "is recommended.
Source: Economic Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.