Clipping of news on Brazilian Culture, Law and Citizenship
23/11/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
For debt, experts recommend renegotiate the debt before slaughtering the outstanding balance, whereas those with savings habit can take advantage of the extra pay
The year end is a time most awaited by workers. Besides the proximity of the holidays, November and December also bring a breath of Brazilians to the pocket: the 13th salary. According to data from the Inter-Union Department of Statistics and Socioeconomic Studies (Dieese), this additional compensation to inject U.S. $ 131 billion in the Brazilian economy by the end of the year. But before setting out spending money, check out these expert tips for making good use of the extra pay.
According to Otto Nogami, professor of economics and finance Insper, the 13th salary - which has a portion deposited on November 30 and another on Dec. 20 - should be seen as an additional income to cover the overspending of the end of the year, with Christmas presents. "So you have to be thrifty, and do not put your foot in jackfruit and end it all," he explains.
Read: Debts reduce slice of 13th salary for Christmas
However, with almost 59% of Brazilian households in debt, according to data for the month of September compiled by the National Confederation of Trade in Goods, Services and Tourism (CNC), much of this money should be allocated to the payment of debts. What may be a mistake, according to Reinaldo Domingos, president of Financial Education DSOP.
"There are two types of debt: the controlled and defaulting. The debt is controlled, but is with the benefits in day. With this, you can use half of the 13th salary to pay off debts and save the other half, "he says. However, for some people that pay the most can make the difference between ending the year in the red or the bills on time. If you are in this group, adds Nogami, pay off debts is the best use for the extra money.
More: Most will use 13th salary to pay credit card, survey shows
But, before you pay off the outstanding balance, try to renegotiate it, recommends financial educator Alvaro Modernell. "The ability of the borrower has to bring the debt to another bank is increasingly common. (The bank) has to lower the rate (of interest) not to lose the customer, "he says. "With renegotiation, the client can improve the conditions of the loan, reduce your outstanding balance, interest rate or lengthen the debt profile," he adds.
The money can also be used to pay those bills that always weigh in the pocket at the beginning of each year, such as property taxes, property tax, tuition and school supplies. "It's a move that, within a financial planning should be considered," said Nogami.
Who's in blue
If you are one of those super cautious, which has separated all the money to afford the expenses start to the year, how about using the 13th to form a savings? "It's a way to ensure a better future and a better condition of consumption. Keeping a mattress will always allow survive in times of crisis, "says Nogami, Insper, which advises save at least 20% of the value.
The application to be made will depend on the intended use to make money. Osmar Pastore, professor at the Faculty of Business Administration course Anhembi-Morumbi, São Paulo, recommends saving for those with money to spare, but need to redeem it within a period of three to six months. "In a second step, we can apply the Treasury Direct or CBD (certificates of deposit)," he explains.
And yet: Thirteenth salary should inject about R$ 140 billion into the economy
"Over ten minimum wages, invest in pension funds. Or, as the profile of a portfolio of stocks or direct their own treasure, "added Alvaro Modernell. Left some money? Buy a gift for you. "Book a party to reward, but that is not to compromise this small amount of extra money they're getting," says Pastore.
"A worker who is without debt conquered the freedom and right to choose what to do with the money. The first thing is to celebrate, as it is with the bills on time. Buy a good wine, a new purse, go to the beach, "says Modernell. Just not worth leaving the money stopped. "Do not let the current account. If you leave, it will melt, "warns Reinaldo Domingos, the DSOP.
Source: Ig
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This article was translated by an automatic translation system, and was therefore not reviewed by people.