The desire to save money is shared by thousands of Brazilians who seek to balance their finances, have a reserve for the future, make investments and achieve greater financial stability for themselves and the family.
However, there are some mistakes that you make and directly affect your plans to save to achieve your goals . In this text, you will know what they are and the main: how to avoid them. Follow us!
Do not set goals to save money
The first one is not having money-saving goals, saving only what’s left after spending, paying bills, and buying new things for the entire month.
By doing this, you do not create the habit of saving, you can not keep a fixed amount for your financial reserve, and therefore it takes much longer to achieve your goals. Not to mention that the chances of getting discouraged along the way are great.
Therefore, you need to stop, sit down and evaluate your net income to set a percentage – between 10% and 25%, depending on how much your budget is loose – that will be saved as soon as your salaries fall on your account. Thus, there is no danger of spending this value or using it for other purposes.
Not knowing what your expenses are
A second misconception is not knowing what your monthly expenses are . After all, if you have no control over what you spend and how you are budgeting yourself, you will hardly have the ability to set economic goals and take them on. Therefore, it is important to review this posture and adopt a larger organization in your routine .
To do so, create an expense spreadsheet and note religiously all your financial transactions, their values and what segment they are linked to. Below, we exemplify. Look:
leisure: programs, tours, trips etc;
health: medical plan, dental plan, exams, remedies etc;
housing: rent, gas, water, internet, condominial fee etc;
education: college, language school, college, exchange, etc.
In this way, it will be possible to monitor the evolution of your expenses , determine what aspect of your life there are higher costs and avoid, even, late accounts that may generate future headaches.
Try to cut all expenses at once
You have just identified where your money is going and realized, for example, that leisure is your main source of expenditure. Because of this, you decide to take action to save money and save more . What’s the first thing you do?
If you said cut all the expenses you have in relation to it, know that the answer is wrong . Although the intention is good, execution of this idea is not the most appropriate. This is because radicalism can, at first, even have the desired effect.
However, it will only take a few weeks for you to notice that it will impair your quality of life and your mental health , since you will no longer have programs to relax, enjoy and enjoy with your children, friends, relatives, etc.
Therefore, the ideal in this situation is to assess which leisure expenses are unnecessary , which are repeated and which can be replaced by more economical alternatives . From there, just do a planning and put these measures into practice.
Leave all the money in the checking account
A fourth quite common mistake is to keep your money in the checking account , including the one that is being spared with so much effort. The reason for this is quite simple: with this value always available and easily accessible, it increases the temptation to spend it and the false certainty that you later restore it.
The problem is that this becomes a habit and when you realize everything you’ve saved is gone. Therefore, it is best to separate it, either by saving it in savings, by investing it for income, and by increasing its reserves .
Use credit card without control
In addition to what we have already mentioned, know that using credit card discretion can also become a big problem for anyone who wants to save money. After all, a lot of people use it for small day-to-day purchases because of their derisory price – for $ 10, $ 20 or $ 30, for example – and forget that on the invoice they will be charged unified form at the end of the month.
Not to mention, of course, those who make various acquisitions and always parcel out the value of them without taking into account the benefits that are already open. As a result, this account can weigh in the pocket and, if not paid on time, generate a debt with steadily rising burdens that will destabilize your budget and prevent you from meeting your goals set there at the beginning.
Therefore, it is of paramount importance to increase self-control in relation to the credit card . As? Keeping only one copy and reserving it only for cases of real need. Instead, opt to always shop in plain sight.
Spend money every time you leave home.
To conclude, one could not miss a misconception present in the routine of many people and that is intrinsically related to the last two errors that we address: the habit of spending every time that leaves home .
To get an idea, there are those who can not take a stroll in the mall that inevitably ends up buying something they saw in a shop window. Because of this, saving money becomes a non-viable task and the chances of acquiring debt increase considerably. In these cases, it is crucial to deal with the impulses and become resistant to them .
For this, you can use a few tricks when leaving home, such as not taking any credit or store card, just walk with a necessary amount for transportation and food, disable the card-free service on your checking account. automatic boxes etc.
As you have seen, there are simple – and sometimes trivial – mistakes that can hinder and delay your money-saving plan . However, with organization, self-control and preventive measures it is possible not only to avoid them, but also to ensure that it is possible to create a solid and continuous financial reserve .
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