According to SERASA, over 60% of the Brazilian population has a negative CPF. Among young people, this is even worse, as the age at which divisions begin to appear further and further decreases. There are about 8.6 million young people, between 18 and 25 years, in default. The problem is that these young people’s expenses are often unnecessary and linked to the lack of financial education in childhood. That’s why we have separated five steps for organizing your financial life and getting out of debt.
- Write Down How Much You Spend
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In your phone, book or notebook, write down ALL your expenses. From the fixed ones, like monthly bills and the amount you spend on transportation throughout the month, to the most banal ones (which usually turn into absurd values), for example, the ice cream after lunch and the beer after Friday class. It is important to have a sense of how much you spend during the month so it won’t exceed your salary.
- Decrease and Eliminate Unnecessary Spending
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Once you know when your total spend is, it’s time to think about what you can eliminate or decrease. All that is not necessary, eliminate! What you can’t eliminate … Reduce! How about calling your mobile carrier and asking for a reduction in your plan? And think twice about buying that shirt?
- Make A Division Of Your Salary
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This is one of the most important steps of all. After eliminating and decreasing some expenses, you will get your total salary and make a split. For example, 60% for monthly spending (including everything you spend in the month), 30% for savings and 10% for spending whatever you want without blame.
- “Cash in hand is gale”
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Once expenses are cut, the end-of-month salary begins to run out. And that’s when people start spending like there’s no tomorrow and spend more than they can. Therefore, the ideal is to take this money that you have left. You can save on savings, or you can even invest your money (but this is a subject for another post). The important thing is not to leave the money in the account because you will end up spending, really!
- Credit card?
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One of the main reasons for debt is the credit card. So let’s make a deal: while you don’t have the control to use the card in a beneficial way, why don’t you have a card combined?
It’s very important that you know how to manage your money. Watch videos about financial advices and study more about this subjetc. Information is never too much.