The expert explains how to organize your financial life to get out of debt this year
Maintaining control of personal finances can be difficult in a world marked by excessive consumption. But by managing your money smartly, you’ll avoid debt and build solid savings, ensuring a more secure financial future.
According to Jorge Cardoso, a financial markets specialist, in the face of financial imbalances, the key to stability begins with an investigation into spending.
“Imagine: salary of R$ 2,600.00, fixed expenses of R$ 1,500.00 and variable expenses reaching R$ 3,000.00, resulting in a deficit of R$ 1,900.00. To reverse this scenario, consider the possibility of look for a line of credit. Evaluating commissions and installments is essential, ensuring that they align with the budget, allowing you to create an emergency reserve”, explains the CEO of Ensina Banco.
Below, the expert has separated some tips on how to organize your financial life to get out of debt this year. Look down:
1. Know your debts
Consult your debts via CPF with creditor agencies, such as Serasa, for example, to list your outstanding matters and organize them for renegotiation.
2. Renegotiate your debts
Renegotiate debts to clear your name and regain eligibility for lines of credit. Seek out creditors to negotiate payment terms, adjusting installments to fit your budget to avoid delays.
3. Control your expenses
In order to pay off your debts and avoid new debt, reevaluate your variable expenses to reduce unnecessary expenses, such as payment requests. delivery and transportation via app.
4. Have an emergency fund
The emergency fund can be essential to cover extra expenses in case of possible unexpected events.
5. Learn to invest
After negotiating and paying off your debts, invest in low-volatility bonds with daily liquidity to create a financial buffer.
Look for a specialist
In the financial world, having expert guidance is a differentiator. These professionals, with in-depth knowledge of the market, customize strategies based on each client’s profile.
“Maintaining constant vigilance on market opportunities, they offer suggestions aligned to individual needs, seeking to promote asset growth and reduce financial risks,” he concludes.
Source: Terra
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