See below for important information that may be directly impacting your personal finances.
Let's get right into it. How old are you? And how many years of your life have you spent paying credit card installments, bills and installments, bank refinancing?
Could it be that if you waited a few days to buy in cash, would you still have made such purchases?
Why buy what you don't need to please those you don't know?
I never forget this phrase from Bastter investimentos and sometimes, reflecting a little more, I realize how much we regret bad choices, precisely because we spend money on useless things.
Research shows that people with lower purchasing power are more concerned with their appearance than those with more money.
Therefore, these people spend more and incredible as it may seem they are always fashionable, but they also never leave the same situation.
That's what it's all about, taking care of personal finances. Better manage your expenses, when it is really necessary.
Remember, it's not how much you earn, but how much and how you spend.
Assess your financial situation very sincerely, do not settle for excuses, and answer yourself, whether such purchases are so necessary and of immediate necessity.
We believe that it is possible for you to save some amount of salary every month, but for that, you need to have a lot of commitment, even in the beginning.
Afterwards, saving becomes a habit and as the ''debts'' decrease, as saving can increase.
That is, managing your own money is not complicated at all, as long as you are aware of what you really need immediately and how you can benefit in the future from an amount of invested or reserved amount.
To help you in this step, you can count on the help of personal and business financial control applications, motivating you in discipline and awareness of monthly expenses and earnings.
Did you know that bank interest rates for borrowed money, credit cards and limits are lower than the monthly and annual savings income?
That is why the assets grow slowly and over time. Therefore, wisdom is needed to spend, since the evolution of expenses can occur much faster. There are so many "temptations" that it is necessary to have self-control.
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Managing your personal finances can be challenging, but it's essential for ensuring a secure financial future, no matter where you are in the world. Here are some universal tips that can help you keep your finances in order, whether you're in the U.S., or China:
Spend less than you earn
Adjusting spending and starting to save
First, renegotiate all your debt, see what interest rates are offered and choose the one you can be faithful to pay;
Once the renegotiation has begun, keep in mind that expenses are now only emergency and basic necessities. Forget about credit cards;
Plan your purchases, use a notebook and write down what you want and need. Put them in order from what is the highest priority in buying to what is of least importance;
Prioritizing the most of the least important, start researching where you will buy. Use online commerce sites that are reliable, so you spend less and still buy only what you need at a better price;
Were you able to save money and had money left between one payment and another? Congratulations!
Now, save money for your emergency reserve, which would be savings. It serves so that you don't have to use the bank's ''benefits'' for last-minute emergencies.
Ideally, you should be able to save 2 or 3x the value of your salary or monthly expense;
The good things that generate us success and return need to be cultivated with wisdom and patience, it is necessary to think differently from the majority.
Make saving a routine habit and find pleasure in it, soon you will have money saved in savings, which is the first step in awareness and value to money.
Soon, we will launch a special article on how to become an investor in the financial market. We will bring quality knowledge and links to free materials to add value to you and your money.
Want to know more about how to have financial education? Click here and continue reading and learning about personal finance.
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