The number of people who end up in debt today is enormous. We live in a consumer society, where many only recognize their own value and the value of others through their possessions.
Adding this to the great real estate appreciation of the last few years, which made housing extremely expensive, the little Brazilian economic growth and the very high interest rate, the debt only grew.
But is there any way to avoid this? What can you do to get out of debt? The good news is that with simple tips, it is possible to get out of this vicious circle. Want to find out how to stop debting? Check out the following text:
The first step in starting to stop making debts is to have a minimum of organization. You must put all of your fixed expenses on paper. Bills you pay every month, such as electricity, water, telephone, rent (if applicable), tickets, health insurance, monthly fees. Remember that for this organization you can count on Good Lenders.
Everything you can’t afford to pay should go into the account. And then you subtract that amount from your salary, because it just doesn’t exist: you will never count on that money, because it already has a certain destination. And then it’s time to create spending targets with what’s left. You need to stipulate a maximum amount to spend with the remaining money in a rational and accurate manner. And then control yourself not to overtake him.
Have an emergency reserve
Knowing for sure how much money is left for you after deleting the gross, you should start thinking about saving to set up an emergency reserve. It guarantees more peaceful moments for you and prevents you from making new debts. It ends up replacing overdraft in an emergency, so you don’t have to pay bank interest. To be able to save money and have an emergency reserve, apply the 50-15-35 rule.
Always try to pay cash
One of the common problems of those who make many debts is to fall into the temptation to split their purchases. This creates the false illusion that in reality you are only paying, to get what you want, the value of the parcel. Only when you make it a habit, you end up delaying several payments and missing the hand.
In addition, when you pay in cash, you control yourself more, as the value is higher and stops unnecessary acquisitions. So, except for some extreme need, payments in cash only.
Avoid having more than one credit card
Having more than one credit card can even have its advantages: you participate in more than one rewards program, you have different payment terms, you are accepted in more places, among others. The problem is that this is only true for those who have finances very well controlled and up to date.
When you start paying on two fronts, it is much easier to get lost and spend too much. And when you add the two invoices, you get scared! The interest of credit card operators are among the biggest abuses that are allowed in our country. Run away from them in all ways.
With these tips you will stop indebted and you can have a much better financial health. Follow them with discipline: there is no better feeling in the world than waking up without being in debt. Have financial intelligence!