The beginning of the year is always the time to calculate the expenses of the previous year, buy new work materials and pay taxes that need to be up to date, making many Brazilians go into the red early in the year.
To change this reality, we list 5 ideas for you to control the budget and escape debt in 2020. Check it out!
Take a moment to organize your debts
If you started the year with financial issues, this is the time to organize your accounts to try to get out of the loss.
In this case, the ideal is to make a plan and separate the debts by order of payment. Check those that are due on the same day and those that may have high interest rates, always giving preference from highest to lowest.
After this organization, it is possible to start the desired change to end the year in blue.
Negotiate overdue accounts
Debt organization is vital for you to know which ones need refinancing.
Financial institutions are always willing to negotiate and you can win by the possibility of eliminating interest and charges, considerably decreasing the debt.
Always choose the most important accounts for your day-to-day routine, so you don’t have to worry about future unforeseen events.
Cut unnecessary expenses
One of the biggest reasons for indebtedness is, undoubtedly, expenses extrapolated on not so important products.
Avoiding spending on these little pleasures can be a challenge, giving up comfort never seems to be a pleasant choice. However, the spending cut works as an emergency measure and will only last until the budget is balanced.
Spending your money on spending is also educational and you can take advantage of it to mature your vision in economics and get out of the looping of working to pay bills and debts.
Always do a price search
With the routine tight, it is common not to pay attention to day-to-day expenses or not to have the patience to analyze the price difference between the X or Y seat. However, practicing this habit can generate great savings at the end of the month.
Always make a list of everything you need to buy and before you pay, search at least three different establishments that achieve the proposed goal.
The 20 minutes spent on research, can make you discover a cheaper place or that always makes a promotional week of some product that you are always in need.
Change of habit
Budgeting tips are valuable for the rest of your life, so keep in mind that these processes are not transitory.
Starting and ending the year with a positive budget should be a priority. By acquiring planning habits and goals, it will be easier to avoid debts and overdue bills.
With financial health up to date, it is possible to make investments that may yield good opportunities in the future.
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