Personal Financial Control: 6 Tips to Balance Your Budget

Do you always get tight when the end of the month comes in, because you spend more than you can, thereby harming your personal financial control and, consequently, your quality of life? Yes? So you are in the right place at the right time.

In this text, we have put together six tips that may help you in your personal financial control. Keep reading and enjoy every tip! This will prevent you from going through unwanted situations.

1. Set a monthly spending limit


Setting a monthly spending limit can help you not only control your monthly profitability but also save money. Many people, when they receive their salary, usually take out fixed and temporary debts and spend what is left without following a policy that limits it. The idea is as follows:

if you receive, for example, three thousand reais a month and have an expense of approximately two thousand reais, thus leaving a thousand reais, why not put a limit of expenditure in relation to this remaining value, determining, say, three hundred reais to meet their basic needs, which all people need, such as leisure activities or going out with friends or family?

By setting a limit, you will be aware of how much you can spend, not doing expenses that can not only burden your savings, but also put you in a complicated financial situation.

Putting these guidelines into practice will save you more than eight thousand reais a year – a value you can use to invest in something you want very much.

2. Know your fixed and temporary debts


To establish a personal financial control you must know your debts. This allows you to be able to visualize your actual financial situation so as to avoid, for example, making new expenses that may jeopardize the balance of your budget.

So, know your fixed and temporary debts. The fixed expenses are the telephone bills, rent, internet, water, electricity, among others that are paid every month, in a practically obligatory form.

Temporary expenses are those that arise from the purchases you made, but which have certain deadlines, such as the purchase of a cell phone, a curtain, a computer, a pot, etc.

3. Plan ahead for your purchases

purchases loan

Creating a financial plan that contains the ratio of your fixed and temporary debts is necessary in order to increase your ability to manage your personal financial life .

Many people, it is good to say, when they receive their monthly income they take out the debts of the month and make others, for example, buying household appliances, electronics, clothes, shoes, among other items, thereby accumulating debts over debts.

Acting in this way may jeopardize your budget and even, in the most serious situations, put your name inscribed in credit protection agencies, such as SPC and Serasa, due to a possible default. If you do this, put one is enough, you can harm yourself!

So, the ideal is to create a plan that contains not only the debts to be paid per month, but also the deadlines to take them out, at least those that represent purchases of debts on credit cards . This way you can observe when you can make new purchases without your budget being charged.

4. Use spreadsheets and personal financial control applications

With the progress of technology and information technology, we can now count on several applications and expense spreadsheets that are focused on personal financial control.

These are tools that have a wide range of features, such as expenses, balance, outgoing and entry of resources, expenses by categories such as leisure, food, health, education etc., so that you can organize your financial life in a complete, efficient, simple and easy way.

In addition, it offers graphs that help us understand the relationship between outflow and inflow of financial resources, thus allowing a self-assessment of spending over a given period.

5. Eliminate Unnecessary Spending


When personal financial control is desired, a self-assessment is necessary to identify unnecessary expenses . Have you ever stopped to think about it?

So this is a tip we give. To get a balanced budget and save money, it’s worth taking a moment to reflect on this issue, determining what you need to buy and what you do not.

Is it, for example, that the item you purchased was really needed? It is very common for this to happen, people make the purchase of objects that, deep down, they know they do not need. Stay alert as this can hurt you and cause you headaches!

6. Follow exactly what you set out to do

It is no use, that is to say, make a diagnosis about your financial condition, as well as create a plan to control your spending and eliminate unnecessary purchases if you do not follow exactly what you set out to do.

So, as a tip, we suggest that you faithfully follow what you have planned so that, in fact, there is efficiency in your personal financial control.

To avoid impulse buys you can create reminders on your cell phone or even post-it with posts about financial education in your home locations. Worth trying!

So, did you like this post? We hope you can achieve your personal financial control, balance the budget, achieve your goals and ensure a better quality of life for you and your family.

And you already know, if you need help, we’re here to help you solve your unforeseen problems and fulfill your dreams.


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