Organizing the salary for your money to yield by the end of the month is a big challenge, we know that well. And more than half of the population is unable to save money, according to a survey released by the National Confederation of Shopkeepers (CNDL) and the Credit Protection Service (SPC Brazil).
The 2020 data indicates that 67% of Brazilians do not keep any amount of their monthly earnings.
Do you think you are in control of your finances? Check out these tips to organize your salary!
Plan your spending for your money to pay
Study your spending to identify how your money is being used and organize yourself so you won't need to end the month in the red. This analysis is important for you to really understand how your financial health is doing.
After that, the first thing to do is set up your cash flow, that is, everything that comes in (income) and leaves (expenses). Create an expense spreadsheet to add expense categories like, food, school, transportation, health, food, leisure, etc.
Make it a routine in your life to fix problems like debt and lack of money.
Avoid impulse purchases
Impulse purchases may be the reason your salary ends before the end of the month. A survey by the SPC points out that 60% of consumers have already taken advantage of some credit offer to make impulse purchases.
According to the 2018 survey, the most impulse purchases are clothes and accessories (19%), supermarkets (17%), cosmetics (14%) and so on. The recommendation is not to commit more than 30% of your own income with installments .
Beware of food expenses
Food expenditures represent a large portion of the family's monthly budget. According to IBGE data, 72% of the spending of the Brazilian is directed to food, housing and transportation.
To start organizing this account, create a grocery list with the exact amount of products that will be consumed in the month. Thus, you eliminate both food waste and unnecessary money expending.
Use personal finance apps
A simple way to organize your bills and make your money yield is by using personal finance apps . They can help you monitor spending in real time and improve your financial situation.
Discover the main apps available for Android and IOS:
- Mobills - Available on all platforms (web, iOS and Android). 4.7 rate on the Google Play Store.
- Guia Bolso - Available in all for IOS and Android. 4.5 rate on the Google Play Store.
- Organizze - Available in all for IOS and Android. 4.7 rate on the Google Play Store.
- Monefy - Available in all for IOS and Android. 4.5 rate on the Google Play Store.
Use a Personal Loan to help with the bills
If even following the tips above you are closing the month in the red and are unable to pay all the bills, try a personal loan simulation safely and quickly at Click Cash. Here, you can make loans from R$ 1.000 to R$ 10.000 reais, with installments up to 24 times. Download the app and run a simulation .