The topic of financial education is something so important that it should certainly be included in the curriculum of educational institutions, from primary school to university degrees. Perhaps if we learned from an early age the importance of economics, the real value of money, we would have fewer problems in adulthood to deal with finances. There is a lot of talk about making money, but very little about how to spend it. The result of this we see every day in the newspapers, where the Central Bank recently announced that the indebtedness of Brazilian families is the highest in the last 10 years. From March to April this year, the indebtedness of Brazilians went from 46.20% to 46.30%, the highest percentage since 2005. The calculation takes into account the total debt divided by the total income of the last 12 months.
Rule number “zero” to learn how to save
That is why the “zero” rule of financial education: SPEND LESS THAN IT WINS!
1st step of financial education:
The first step is to review all of your planning and reduce everything possible. Believe me, it is always possible to spend less, we can think of some savings that make a big difference, from cable TV, electricity bills, water bills to the car of choice. It is recommended to plan your expenses and income. This can be done in a simple notebook, even in one of the modern mobile phone applications available on the market. Creating this habit you start to guide your life in the financial aspect.
2nd step of financial education:
The second step, which many do not care about or even notice, is to “run” from small plots. We always delude ourselves into believing that R $ 30.00 for a new installment will not hinder us. It really may not be a problem if there is no other, but this is usually not the case, so think that it will be R $ 30.00 less on the day of your payment. That is, instead of increasing your earnings, this way, you will be reducing.
In addition, it is worth reflecting: if the installments you make are small, then the amount should also not be large. So, why not pay cash? Thus, in addition to not taking on a new installment plan, you will also be able to negotiate the final price better since cash payment is always best viewed by the seller, supplier, etc.
3rd step of financial education:
The third and important step is, always reflect on the possible expenses before leaving home, for example, is it necessary to leave with a credit card? This prevents you from making impulse purchases by making you rethink better with each expense.
Finally, a very important tip. Start by separating 5% of your monthly earnings. Placed as a percentage so that, regardless of the gain, there is always a small percentage that can be saved. Thinking like that, it won’t matter if the 5% will represent R $ 50.00 or R $ 5,000.00 per month. Just set aside a percentage of your salary. In the beginning it is not easy, it is a matter of habit, so soon you will realize the amount of fruits and benefits that the economy can bring.
Thinking about these 3 steps, at the time of crises like the one we are experiencing, you will not suffer so much from possible wage cuts, job losses and other things that we are all subject to.
Do you have any tips on how to do financial planning? Comment here with us and help other people to plan better!