Clipping of news on Brazilian Culture, Law and Citizenship
03/29/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
high interest rates, rising unemployment and the number of defaulters. In this scenario, according to a survey of Serasa Experian, about 59 million Brazilians have been unable to meet its financial commitments. In Bahia, the number of overdue debts increased 9.21% in January, compared with the same month in 2015. Faced with a reality so tight, saving money to invest seems distant, if not almost impossible.
According to Antonio Carvalho, a professor of finance and economics at Unijorge, the first step is to accept that the problem exists. "We must recognize that you are in debt and pursue the reorganization of the budget," he explains. For this, the person must make an x-ray of all spending, beginning to write down all expenses for a month.
Place on paper is extremely important, because the debt happens a lot because we do not have a record of expenses. "We try to make a mental record of what it consumes. Most of the time, just remember the big spending, when in fact it's the little expenses that usually cause you to lose control, "the expert in Finance, Rafael Seabra.
"I had the mentality that was in debt," says George Wander counter, which today
acts as a financial educator (Photo: Evandro Veiga / MAIL)
Mentality
Despite being organized professionally, the financial life of George Wander counter was chaos. "I had the mentality that was in debt. He spent everything he earned and still used the overdraft or credit card to pay for things that could not. At that time, I came to pick up other loans to cover card interest, for example, "recalls the counter.
The experience of living in another country did Wander see that it was not normal to live in that situation. To transform your financial life, he made small and gradual changes. "I started to calculate all my monthly expenses and multiply by 12 for the annual impact. If my bank rate, for example, cost R$ 18 per month, I assessed the full amount in the year and tried to renegotiate for R$ 5 or R$ 6 ".
George, who came to have a debt that was five times greater than your income, was analyzing each debt separately. "It was a change of behavior. Whenever I was going to buy something, I ask me if I needed it, and even if the answer was yes, I wondered again if he had the condition to pay. "
When he saw the account is in blue, the counter began to invest in a stock fund, and has been increasing and diversifying its applications. "When I saw that I went from one extreme to the other, I decided to become a financial educator to pass my experience to others. The debt is a recoverable situation yes, and I am proof of that. "
His story is told in the book "The Stories How I learned to Deal with Money," released last week, in which he discusses topics such as over-indebtedness, bad spending habits and financial prosperity.
Leaving Red
As Wander did, after taking full knowledge of debt, you need to choose priorities and cut spending, avoiding unnecessary consumption. A Rafael Seabra tip is to leave the credit card at home or even get rid of it, not to run the risk of creating new debt. "From there, it is necessary to reorganize the liability initially identifying the most expensive debts, ie those that have higher interest rate." Through the renegotiation it is possible to reduce the monthly debt with increasing time or even get discount on interest.
"The customer should seek to renegotiate the debts directly with the lender or through agencies such as Procon, Public Defender's Office and Juvenile Court Defense and Consumer Support" teaches Professor Antonio Carvalho. Consolidating debt is another way to get out of the red. "After negotiating the outstanding balance, you can get a single loan that has a lower interest rate than the average. Thus, the person can pay off other debts and to just have a portion that fits in your pocket, keeping vigilant not to contract new debts, "says Seabra. Thus, it goes from default to a person who has control over the debts you have.
Next step
The next step is to take the rest of the recipe, even though a small amount, to shoot down the outstanding balance or start an investment. "Apply any amount makes the person get good financial habits. For those who want to start investing, Direct Treasury securities are a great choice: are safe, yield more than the savings and you can start with only $ 30 ", said Rafael Seabra.
To invest, you must have social security number, checking account and be linked to any financial institution (bank or broker). According Seabra, some brokers charge a minimum maintenance, 0.3% per year. "Currently, bond yields ranging between 14% and 17% per year," he says.
The website of the National Treasury gathers information for those who want to invest. Also available on the portal a guide on what kind of title is ideal for every investor profile, depending on the purpose and efficiency of time.
Consumers do not know what it is to be in debt
Even seeming obvious, most Brazilians do not know for sure what is being ridden. A survey conducted by the Credit Protection Service (SPC Brazil) and the National Confederation of Shopkeepers (CNDL) showed that 79% of respondents have a wrong notion about what is to be in debt.
For 46.7% of the consumers surveyed, being in debt means having overdue accounts. Other 30.6% believe it is to have the name registered in credit protection entities. Only 20.2% of consumers understand the real meaning of the term: an indebted person is one who has outstanding installments purchases or loans.
"The risk of disregarding purchases in installments as part of the debt is just overdo the long-term consumption, making a series of debts in a short time can lead the consumer to the disaster in personal finances and the consequent default," explains the chief economist SPC Brazil, Marcela Kawauti.
Source: Mail
To access the Mail site, click here.
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.
This article was translated by an automatic translation system, and was therefore not reviewed by people.