Holidays are often synonymous with extra expenses for many families, a situation that worsens with the costs of children returning to school. The balance of personal finances can be shaken during this period, and the use of credit cards often becomes the solution to avoid financial breakdown.
For many consumers, little of the salary remains at the end of the month, and the solution keeps being postponed as debt accumulates. The article warns that the situation should not be dragged out and recommends seeking to get rid of debt quickly, taking this opportunity to make a change in financial life.
The article presents five tips to help with financial reorganization: conducting a financial "check-up" to understand the current situation; setting quantified objectives with a defined deadline; outlining a strategy with a Financial Action Plan; creating a Budget identifying where money is being spent; and mobilizing the family for a change in habits.
The first priority should be to get rid of debt and avoid paying interest. Then, an Emergency Fund should be created to cover unexpected events, and only then should savings be promoted for investment. The article also recommends investing in knowledge and financial literacy for more effective management. DECO, the consumer defense association, provides support through contact number 213 710 200 and email [email protected].
