6 tips to keep your bills up to date and still have some left over at the end of the month

What are the advantages of keeping your accounts up to date?

Having overdue bills can take away anyone's peace of mind and even affect their mental health. Therefore, it is very important to always keep your bills up to date to stay calm and avoid getting wrinkles before your time.

Ending the month in the green and still having money left over to, for example, go out with the family, order a snack, take advantage of supermarket promotions and discounts at restaurants, is the desire of practically every consumer.

So, keep the accounts up to date It means that you managed to plan well that month and now you are reaping the benefits, including the fact that you won't have to pay interest for late payment.

Furthermore, it is the first step to avoid being listed as a defaulter and having credit denied in the market.

Not to mention that paying late bills will make your credit score decrease and prevent you from credit card limit increase.

Keeping your accounts up to date helps increase your purchasing power, as you will not be in debt and you always have financial products available to use as you wish.

Now, check out the tips to organize your financial life and not delay paying your bills.

1. Analyze your debts and budget

To avoid getting into debt and spending more than you earn, you need to create a monthly spending budget.

The best way to complete this step is to write down your essential expenses, for example, rent, water, electricity and gas, then observe how much of your salary is allocated to these expenses.

Although they are essential, it is possible to save on these expenses to have more money left over at the end of the month, that is, they are essential expenses, but they can be reduced.

Once you've done that, it's now time to look at how much of your salary is left to get an idea of how much you can still spend.

Never commit 100% of your budget to extra debts. When purchasing a new item, pay for it in cash. If this is not possible, write down all your expenses and always add them up to see when you reach your limit.

Speaking of limits, it is important to define one so as not to compromise your entire salary, try not to exceed 70%, as the line is still orange.

2. Financial reserve

Having an emergency fund can be the solution to most financial difficulties, which is why financial market experts are always harping on the same topic: build a financial fund.

In a time of need, when you have lost track of your financial planning, it can be a great alternative to avoid delaying your bill payments.

Ideally, you should be able to maintain your standard of living for at least 6 months with your financial reserves, in case you become unemployed, for example.

To be clearer, if your total monthly expenses are R$1,400,000, your emergency fund should be R$1,400,000.

The first step to creating yours is paying off your debts and organizing your finances. There is no way to succeed in this step if you are in debt and have a disorganized financial life.

So keep the accounts up to date and pay off your debts, once you've done that, start building your financial reserve.

Therefore, it can help you in a complicated situation and give you time to avoid having to pay your overdue bills.

3. Avoid installments

Being able to pay for a purchase in installments is great and one of the main advantages of having credit available.

However, this action incurs interest and, depending on the bank, it can be quite high.

Therefore, to save money and avoid late payments, avoid paying debts in installments and try to pay everything in full. debit.

If, by chance, installment payments are unavoidable, pay in a few installments, as the interest will be lower.

4. Set up direct debit for essential expenses

First of all, to avoid paying your debts late, it is important to always be aware of due dates, in fact, prioritize debts with tight deadlines first.

Furthermore, set up direct debit for bills It is a great way to avoid forgetting the deadlines and risking paying them late.

5. Earn extra income to help keep accounts up to date

By now, you have realized that to keep your accounts up to date you need to have organization, control and financial planning. However, despite the bills being paid on time, there is nothing left at the end of the month. After all, what can you do?

If, despite your organization, you don't have enough money to take advantage of discounts in stores, take the family out for dinner or perhaps take a quick trip, we have the solution!

Soon, they will be presented in this and the next topic!

The first option is to develop some way to get a extra money. There are many options to do this, it all depends on your skills.

For example, if you are a fashionista and connected to the world of fashion, you certainly like to buy new looks frequently.

So, how about setting up a bazaar to clear out your wardrobe, move on to outfits you don't wear as much and still earn some extra cash?

You can promote the pieces on your Instagram, among your friends, family and neighbors.

Furthermore, it is possible make money with apps, for example, Tik Tok, Kwai, Youtube, Opinion, etc.

An extra income will ease your budget and help you have money left over at the end of the month. Besides that, you can still use the earnings to pay off bills. accounts up to date advancing the payment of some bills.

6. Use digital accounts to save and keep the accounts in day

The second and final way to make money last at the end of the month is by using digital accounts to save.

First of all, they don't have annual fees or hidden fees, so why stay with a bank with high annual fees and lots of fees?

By exchanging it for a digital account You save and use the money you would spend on annual fees to do other things, for example, investing in your bazaar.

Furthermore, with some digital accounts It is still possible to earn extra money with referrals, cashback, discounts on bill payments and referring friends.

See below for some options:

Picpay – discounts on boleto payments and cashback;
Inter – cashback and low interest;
Next – tell the children;
Nubank – credit even if negative with the construction of the limit;
Bank of Brazil – credit card installment plan;
Banqi – simplicity and reduction of bureaucracy;
Neon – investments.

No matter what your needs are, there is always a digital account that best fits your needs. With them, you can control your money and monitor your expenses closely so you don't lose control. They are certainly great allies for organizing your finances, saving money and even making money.

Conclusion

Planning, organization and financial control is all you need to maintain your accounts up to date.

Therefore, put our tips into practice to avoid getting into debt and paying late bills.

Also, consider the possibility of developing some activity to earn extra money.

Don't forget to open a digital account to receive commissions, only then will you also be able to save, loosen your budget and see money left over at the end of the month to improve your family's quality of life!

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By: Nara updated ago 1 year back