If managing finances were an easy business, we would probably not have so many accountants, financial planners, and administrators to advise us. By bringing together product offerings such as credit cards, insurance, pension plans and loans with our accounts payable, all these financial decisions start to take up a good part of our time.
So before you take them, it is important that you organize your finances by making them as simple as possible. That means making it easier to understand, easier to control, and ultimately faster.
Pay your bills online
Currently, you can electronically access most of your payables, without the need to receive printed tickets. This service, better known as DDA – Authorized Direct Debit, has no additional cost. Once registered, you can pay the bill of any bank through your Internet Banking, self-service machines or another automated service.
It will certainly be a great way to organize your accounts, and save time by not going to the bank or waiting in those long lines.
Use your bank’s automatic debit services. With it, your bills are automatically paid on the day of maturity, avoiding late and late payments.
Leave a value set to go straight to your savings or investment account as if it were an account to pay. You can start with 10% of your income every month, but you can save more, even better!
Plan the due date
Whenever possible, set the best due date. The idea is to always put your bills to be paid soon after you receive your salary. That way, you’ll have a better idea of how much you have to spend, without the risk of reaching the end of the month and having to use the overdraft to pay off some debt.
Create an emergency reservation
The purpose of a financial reserve is to have greater protection. Basically, you save 3 to 6 months of monthly expenses to protect yourself against any unexpected expenses that could disrupt your plans. But rest assured, do not let a few intimidate you. If you spend $ 800 a month, the idea is to reserve from $ 2400 to $ 4800. You think so? Think of a first step, maybe $ 500 would be enough to cover most of the costs of a possible emergency. Gradually add a part of your paycheck to that goal.
Organize yourself through new technologies
There are several applications that offer the possibility of taking control over the internet or mobile phone. However, for those who are tired of spending spreads, find them too complicated or have no discipline to keep track of spending by spending, a suggestion is to use the Linton family website. Through it, it is possible to make more efficient control, besides receiving financial tips according to your profile.