Organizing personal finances is a great challenge for many people, especially for those who work with CNPJ and also need to take care of company finances.
However, it is a very important task, since the lack of planning can create serious problems, such as increased debt, unnecessary expenses that compromise income, among others.
To prevent this from happening, you need to invest in effective financial control of your money. This contributes to you having to worry less at the end of the month, in addition to other advantages, such as the possibility of investing and multiplying your capital, taking a trip, changing cars etc.
With that in mind, we’ve separated 9 simple tips to help you organize your personal finances :
- make a budget;
- set goals to save;
- restrict spending;
- avoid unnecessary expenses;
- stay out of debt;
- separate an amount for annual expenses;
- have an emergency reserve;
- separate personal and professional accounts;
- use technology to your advantage.
Make a budget
Make a list of all your fixed costs , such as water, electricity, telephone, rent, etc. Then calculate what is the average amount of all these expenses in the month. The value found is your cost of living.
It is necessary to keep in mind that this amount already commits part of your income every month and, therefore, it is necessary to always monitor your future expenses to ensure that everything is as planned.
The amount left over is what you have available to invest in variable costs , make investments or create a financial reserve.
Set goals to save
The savings cannot be made only with the money left over at the end of the month. It should be an objective, so that you not only monitor your expenses, but also have a financial projection .
To do this, you can determine a monthly amount to reserve and, upon receiving the salary, immediately separate that amount in a different place from the account you use for daily expenses.
Restrict your day-to-day spending
In the same way that you should set goals to save, it is a good idea to set goals for spending, establishing a maximum limit per month that can be used for each type of expenditure. You can divide this into categories, for example:
- 15% with supermarket;
- 10% with leisure;
- 5% with clothing and other accessories.
- This does not mean that you should spend this amount every month, but that it is the maximum you can invest in each modality. This is a major step forward in your process of organizing personal finances.
Avoid unnecessary expenses
When you understand where your income is going, it is easier to assess what is important and what is expendable in your personal budget. That way, you can avoid compromising your salary with expenses you can’t afford.
When buying something, ask yourself if you can afford it and if it really is necessary. Sometimes the will speaks louder, but it is necessary to control yourself, since it is better not to have that than to go into debt.
If you have more than one priority, but can only afford one, give preference to the most essential. In some moments it is necessary to ponder some things .