How to organize household finances?
1. Take control of your finances
Write it down in a list, it can be manually, in your notebook, personal agenda, or even in a expense sheet, as you wish. The important thing is that in this list you put all your expenses: consumption bills: water, electricity, telephone, internet, food, fuel. Enter everything.
Then write down all your earnings: salary, extra income, commissions and calculate everything. Carefully and carefully view each item on your list. Evaluate which of these items are indispensable and identify which of these expenses are considered superfluous, and try to avoid them.
In this way, you will be able to have a complete picture of your finances, and maintain control over your earnings and expenses, in an organized and planned way.
2. Pay your purchases in cash
When making your routine purchases, give preference to cash payment, especially supermarket purchases. Thus, it does not lose control of the month's expenses and removes the specter of indebtedness. Also, avoid using overdraft or credit card as much as possible, as interest rates are high.
An example to be applied is taking advantage of promotions, when it comes to shopping in clothing stores.
3. Start thinking about an emergency fund
Unforeseen events can happen at any time. So that you are not taken by surprise, try to allocate as much as you can from your net income. You can start with R$10,00, R$20,00, the important thing is to take the first step. If any need or urgency arises, you can resort to this money and not get into debt.
4. Let go of financial standards
Don't be ashamed to give up some perks, such as a very high pay TV package, high telephone and internet plans, branded clothes, anyway. Define your consumption priorities and seek what is essential for you and your family. Don't get hung up on exaggerated and unnecessary consumption patterns.
5. Educate your children financially
Talk to your children so that from an early age they know how to value and have a healthy relationship with money. Teach them to keep coins in piggy banks, advise them that grocery shopping trips are for essentials for the family, and that gifts have the right dates to receive. Setting limits is important from an early age to educate them financially.
6. Invest your money
You can also invest part of your money in other ways. There are sales of federal public securities to individuals, called direct treasury, CDB (Bank Deposit Credit) and shares on the stock exchange, for those who wish to invest in the financial market.
In this way, you can plan long-term for greater achievements, such as: buying your own home, your car, organizing your dream trip, and even making a reservation for your children's college.
With these guidelines, we seek to help you with relevant and useful information in managing the family budget. Now go ahead and put what you've learned into practice!