Having laid the foundations for solving problems of indebtedness or simply to act in a preventive way, it has already covered much of the way to its financial independence.
Arriving at the destination, it is imperative that you beware lest you fall back on the same problem and to maintain Financial Control. Thus, we leave behind a set of ideas that, however basic they may seem, are essential for strict control of your financial life.
Live with what is yours
To be sure, we must spend less than we earn. As sure as it sounds, this maxim has been forgotten over the last 25 years in Portugal. The temptation to consume and the (legitimate) claim to want to improve the quality of life of his family has led many to anticipate consumption in the form of indebtedness.
Unfortunately, indebtedness is accompanied by high interest rates that end up representing excessive weights in family budgets. So the suggestion is to build your budget and live below what is possible. It will be half way to the constitution of saving and the creation of healthy financial habits.
Staying on budget
Having spoken in some detail about the construction of the budget, it remains to warn of the need to continue with great rigor in the management of your personal finances, which implies in the regular control of the destiny that gives to your money.
The budget can be something “boring” and you may find it useful for little. However, we have all too often found that a large part of families’ financial problems end up as a weak (or no) control over their money.
The budget brings you the freedom you’ve always wanted. It allows you to live according to what you consider (rationally) as valid. It enables you to resist the temptations of consumption.
Constitution of Savings
To have a value amealhado for some eventuality is essential for the psychic and financial security of your family. Start earning some money early. you do not need to put together large sums of money. It all starts with a few cents. Putting some money aside, for example using a piggy bank or a savings account for scheduled deliveries, can prevent you from getting into debt. And have you noticed that in these times of greatest distress is when you have to resort to more expensive credits?
Maintain cost-cutting posture
A popular maxim tells us that “broken house bolts on the door”. The same is to say that we act more cautiously.
When we talk about financial crises, the same thing happens. We solve a problem using drastic measures but there is always the temptation to relax when the problem is solved.
Be different. Having gone through some affliction learn from the mistakes. Do not go back into the situations that created the debt. Try to maintain a cost cutting posture, living slightly below your means. And soon you will start to finance your bank and receive interest.