The new year arrives and, along with it, have been spending the beginning of the year. Despite the help of the 13th of last month, a plan is required to pay the money for the extra expenses, which started at the end of the year, with Christmas presents and holiday, and extend into the first months of the year, with enrollment and school supplies, property taxes, property tax, car insurance, etc.
If spending ended up being higher than the salary, and you've started the year in the grip, it may be time to consider creating an emergency fund. The reserve is intended to cover eventualities such as unemployment and health problems in the family, and can also serve as reinforcement for the periods of the year in which the expenses are higher.
To mount the reservation, it is recommended to save around 10% of net income, monthly up to raise an amount representing three to six months of fixed expenses. The ideal is to separate this money so you receive the wages, ensuring greater control.
These rules, however, are malleable. "We go a recommendation of what is ideal, as in a diet: you have a line to follow, but there are moments in which abuses. You can go a little off line since taking over later. You have to adapt the rule to their reality"Explains Waldeli Azevedo, financial consultant of the financial education program Visa, Finance Practices.
See the actions recommended by the expert to create an emergency fund and stay quiet all year.
1. Put together a budget
The first thing to do is put together a detailed spreadsheet with monthly expenses and, on that basis, to estimate how much left over at the end of the month. "This time of year is the best to make a budget and see if you are on the right track. If you start now, you'll notice throughout the year periods in which spends more or less and will be able to better organize. Not only is cut, you have to organize"He explains the consultant.
How to do this? "List all your expenses, both fixed costs as variables. The cool at the beginning is to make a monitoring everything you spend, writing in a journal, as well as spot the unseen expenses." According to the expert, these are the costs of day-to-day we do without realizing it, and therefore do not always remember to include them in the budget. "A good example is the coffee: is R $ 3 per day, month-end, end up generating a relevant expense"He adds.
2. Increase income
Find new ways to make extra money helps to speed up the formation of a financial reserve. "The tip here is to simplify. There are people who want to have fancy ideas of business. Look for things that you know to do, look around you, in your neighborhood, in your work. You can teach a language, teaching a musical instrument, walk dogs in your neighborhood, selling sweet, take a snack or frozen to sell at work for people who do not have time for lunch, etc."Recommended Waldeli.
3. Reduce costs
This action can help especially when you can not find new ways to make money. "Find fats from your budget, that is, all you can cut", Recommends the expert. essential expenses include rent, condominium, water and electricity bills, healthcare expenses, food, education and transportation. "Take a list to the supermarket is a good idea to avoid buying unnecessary things. In addition to practice, she saves enough. Also avoid taking children to the supermarket because they always ask for a cookie more, and try not to do shopping hungry", Guides. "For those who have children, look for a snack at home before going to the movies, instead of eating in fast food, and instead of popcorn, take a bullet or a chocolate."
Deposit the extra money in a savings account or some other type of low-risk investment prevents you from falling into temptation. "Do not leave cash money, because if you're in your account, you will surely spend. Put in an account in which not move too much, or savings", Guides. The consultant also clarifies that it is not necessary to save every month. "If this month you got tight, you can leave to save next month without problem. Making an emergency fund should not be a pain. Ending the month leaving a little on account already and great"He explains.
This item deserves a little more carefully, since the investment can be hazardous. "In this situation, investments should be made for you to sleep quiet. If you are investing in something and losing sleep wondering if will end up losing everything, does not work", alert. In the case of emergency fund, the types of investment are most appropriate fixed income, whose profitability is determined, as the savings and the CBD. "These investments are low risk and high liquidity, ie are easy to redeem. If you need the money tomorrow, he'll be there"He explains.
When the reserve fund reaches the ideal amount, expert recommendation to ensure an extra income is to keep the money in fixed income investment and start a new reserve for other types of investment.