Clipping of news on Brazilian Culture, Law and Citizenship
01.12.2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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You do not need to win the lottery or have a secluded life to have financial stability. Little habits make all the difference
In times of economic crisis, concern about personal finances should be even higher. And just managing finances is essential to keep the bills on time.
One question we must always ask ourselves is: if I lost the job today, how long I could keep my expenses? "If you came to the conclusion that there would at least six quiet months to find another job, it's time to reorganize your financial life," says Diogo Martins Gonçalves Morais, professor expert in financial education at the Faculty of Termomecanica Technology and author of " Financial Education for High School "of Termomecanica College, free institutions maintained by Salvador Arena Foundation.
You do not need to win the lottery or have a secluded life to have financial stability. The formation of small habits that go unnoticed in our daily lives can turn our finances. See the tips the teacher Diogo Morais has for those who want to start 2016 off right.
The first step is to be aware of how your money is spent. Write down all your expenses on a daily basis over a period of three months. There are several applications for smartphones that can provide a summary of the expenses of practical and didactic way. The old small notebook can also be helpful.
Then it's time to set goals for the gradual reduction of expenses. Remember that small steps towards the goal are always safer. Any reckless attitude can bring you frustration and energy wear. List all debts and look at the interest rate set for each of them. Sort them starting with the debt with the highest rate.
Gather the family. Involve them in domestic economies as reducing the consumption of water and electricity. Do not forget that electricity is one of the items that got more expensive in 2015. In the previous planning of grocery shopping, look out for high prices and substitute products whenever possible.
Discuss openly how to program leisure activities. In some cases, popcorn and movies coolant (the famous combo) are more expensive than the actual ticket to see the movie. Do not be afraid nor ashamed to ask for discounts and seek the best shopping options. Saving is common habit of all successful people and we must teach it to our children. Instead of saying no to children, take the opportunity to practice together a savings plan to meet their request. Financial education should be practiced as soon as possible.
Protect their money from inflation. If you are debt free, be sure that inflation promises to remain high in 2016. Although political uncertainty cause any forecast is fragile, it seems that invest in securities of the floating treasure - securities issued by the government - or Bank Deposit Certificates (CDBs) - Private security issued by banks - which offer returns of at least 100% of the Interbank Deposit Certificate (CDI), are the best options for 2016. Make good planning according to your goals and as long as you are willing to wait to make a return.
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This article was translated by an automatic translation system, and was therefore not reviewed by people.