Advertisements
Did you know that you may be practicing the worst financial habits and that is why you never organize your financial life?
Certainly, maintaining financial health can be more difficult for some people than for others.
But, there are practices that, if done correctly, can completely change this area of your life, and for the better, of course!
Therefore, in today's article, we will highlight just 4 habits that you should avoid to have financial stability, or at least stay away from difficulties.
Follow!
Advertisements
1. Spending more than you earn
This one comes right at the top of the list. worst financial habits, as it is very common among many people.
To avoid making this mistake, you need to plan and put all your accounts on paper.
So, set a maximum spending amount and when you're getting close to that number, stop immediately.
There is a saying that goes “the more you earn, the more you spend”. Let’s change it to “the more you earn, the less you spend”.
2. Expenses with credit card
Surely, he should be the good guy, but when misused he ends up becoming a villain and one of those that are very difficult to fight.
According to a survey conducted by Fecommerce, 60.9% of families in São Paulo are in debt with credit cards.
Therefore, to prevent mistakes made with misuse of the card from becoming a habit, it is important to maintain control.
To simplify, we will give you an example in order to avoid the worst financial habits:
If your salary is R$2,000, commit only R$10% of it to the card installment.
Therefore, do not make purchases that exceed the installments of R$ 200.00.
Of course, if you exceed this amount it can harm your financial health.
Furthermore, paying for purchases in installments is not a good option, as in addition to accruing interest, you will be stuck with that debt for longer.
That is, always choose to pay in cash and leave your credit card only for emergencies.
3. Not saving money
People who have the worst financial habits They think they need to earn a lot to start investing, saving money or creating an emergency fund.
Logically, the more you save, apply or invest, the faster you will see results and they can be greater.
However, you can start with little, what you can't do is stop saving or wait until you have a lot of money to do so.
That's because if you don't save, how will you have money?
So, start with one real today, two reais tomorrow, and so on.
So, to help you start saving, we're going to present you with a table for beginners, the 50/30/20 rule.
It is worth noting that this is an initial measure, but that it may change over time.
4. Worst financial habits – Not having a long-term goal
Think of a dream, something you really want to have or do.
It could be a trip, owning a home, graduating, retiring early, spending more quality time with family, etc.
Now, what's stopping you from making this dream come true?
If you answered “money” you may be wrong.
Certainly, the only thing stopping you from realizing your dreams and achieving your goals is you.
You don’t save; you don’t plan, apply, invest, educate yourself financially or save…
In short, stop living in the moment so that one day you can truly enjoy the quiet moments.
Have a long-term goal and start putting it into practice today.
Abandon the worst financial habits that can affect your financial health.
However, you don't have to do everything at once, start little by little, but start.
Oh, know that we are here to help you. Keep following the tips from Cred Consultation and stay updated. So, know which are the best habits to make more money.
