When a person is financially organized, they have greater control over their spending. That way, she can plan how the money will be used.
For example, you can go on a trip or long-term goal planning… you can even make an emergency reservation.
Accounts are a big surprise in the lives of most Pakis. However, when you exercise control over the bills, not letting them accumulate, you can achieve balance in your financial life.
It is only when a person decides to organize the bills that he is faced with unnecessary expenses. And it is from this organization that she manages to change this scenario.
The capitalist world we live in motivates us to spend, spend and spend without need, until we form a big snowball of bills and debts.
But it is possible to get out of this bubble when you start organizing your savings, paying your bills on time and spending only on what is necessary.
Financial education is the first step for you to learn how to organize your financial life.
How to organize my savings: learn the 4 ways to organize yourself financially
For those who are serious about the economy or want to start taking it seriously, there are some very basic steps that can help you to have a more organized financial life.
“How can I organize my savings?” It’s very simple, follow these 4 tips below:
1- List of accounts
First, start by making a table of all your accounts. This table needs to contain the due date, the description (what the account is) and the amount, in addition to an extra column with the total amount (adding interest and fines).
This table can be created, for example, in Excel or you can assemble a list in an application. The important thing is to have the structure in outlines, at least, because with it it is possible to have an overview of the accounts in a programmed way.
2- Cash flow
If your credit card bill expires, for example, on the 26th, chances are you don’t have much money left…
When the end of the month comes, the money is always shorter and this causes some bills to be late. To prevent this from happening, put the due dates of the bills after the day you receive your salary.
If you receive your salary more than once a month, take a good look at the best date for salaries, considering how much money you have on the chosen day. That way, the cash flow stays in balance.
3- Automatic debit
This is a good option for those who have an account balance, as bills such as water and electricity allow automatic debit.
That way, you can’t forget the due date. However, you need to pay attention to the account balance, if you have nothing, the money is withdrawn from the overdraft.
Then it is worth comparing what is the interest on the account if you delay the payment of it or if it pays to pay the interest on the overdraft.
Finally, adding reminders is one of the most efficient ways to avoid late payments. So put reminders on your calendar with bill due dates. Organization is everything!
Apps that can help you have a good financial organization
Nowadays, there’s an app for everything, so of course the economy couldn’t be left out. Here are some application tips:
For those who like a more manual organization, he is perfect. The user needs to write in the application how much he earns and every transaction he makes.
In addition, it is still possible to track everything that was purchased and generate expense reports.
My savings app performs synchronization with bank accounts. That is, it creates spreadsheets, registers installments and has reminders of due dates.
The app’s differential is that the user can predict future values based on what he earns.
This is the ideal application for those who don’t like to do a lot of work because it synchronizes with your bank account. So the user doesn’t need to take manual notes.
In this application, the user needs to enter the information manually. However, it allows for even better organization.
You can enter goals, such as how much you want to save or about paying off debt. In addition to other resources, such as spreadsheets, reports and alarms for bill due dates.
Financial education is very important in anyone’s life and it’s never too late to learn. Organizing savings is only difficult when you don’t know where to start.