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The idea of organizing your finances includes all actions related to planning and controlling expenses.
In this sense, it encompasses simple purchases such as, for example, product brands in a supermarket, up to the purchase of a property or car.
Therefore, it is important to know all your debts, relating them directly to your monthly income.
To do this, there are some tips that we will cover throughout the content:
Organize your finances – Have only one credit card
When a person has several credit cards, financial mismanagement is likely to occur.
Considering that most cards have high interest rates or even charge an annual fee, you need to be very careful.
For this reason, keep the card with the highest limit and get rid of the others, and only use it when you are buying something necessary and within your budget.
Renegotiate debts
One of the biggest problems with having overdue bills would be the difficulty in reaching your goals. financial goals.
To organize your finances, a good strategy would be exchange the most expensive debts for the cheapest ones.
For example, the interest rates on credit card revolving credit and special checks are extremely high when compared to the rates on personal and payroll loans.
Therefore, many people use the method of applying for a loan, paying off all debts and keeping only one.
Changing consumption habits
Returning again to the supermarket example, know that it is possible to organize your budget by checking your purchases.
Researching which market has affordable prices in your neighborhood, as well as making a list before making purchases, are essential strategies.
Also, start considering the purchase of used goods that are in good condition in order to avoid excessive spending.
Organizing your finances – Creating a spending spreadsheet
As mentioned in the introduction, you need to know your debts, and one of the best ways to do this is with a spreadsheet.
Add up all your expenses and make sure the amount does not exceed your monthly income.
And if you don't have experience with structuring a spreadsheet, use the financial apps available in app stores to ensure ease and mobility.
This way, you stop spending more than your salary.
Save!
As a final tip for organizing your finances, learn how to save your money!
So one of the first steps would be to cut waste.
All services and products that you purchase that are not actually needed must be removed.
If you have subscribed to pay TV and simply don't use it, cut it from your budget.
For example, you can swap pay TV, which costs around R$100, for a streaming service that costs half as much.
Therefore, the example above should be applied to everything that involves your finances, as it is only through savings that it is possible to achieve your goals.
