Archive April 2019

Personal Finance Tips to Manage Your Money!

 

 

You have money? Money controls you or you control your money , who controls who? The term personal finance still scares a lot of people, but it means nothing less than controlling the expenses and revenues of your personal life, it is in this item that you will determine whether you will control your money or if it will control you.

When it comes to budget control, many people think that in order to understand and practice the subject, one needs a diploma, a higher education course or an accountant because they are mistaken. My earliest personal finance concepts I learned even before attending school, with my mother, who despite not even having a high school diploma, is a master at home economics. The great secrets that have been revealed to me and which I now pass on to you are very simple and do not require any magic formula:

1 -) Never spend more than you earn :

 

At this moment you must be wondering, with spending little? I have so many accounts, and everything is so expensive! So we got into the second board.

2 -) I really need this :

 

To spend less we need to practice and perform a great exercise when buying something, regardless of the amount to be spent. Ask yourself do you really need this? We do not always buy just what we need, and often buy because it’s cheap and worth it. But at this point we need to consider whether it’s worth having to pay by credit card, for a new shoe, a video game, new wheels for the car, etc …

3-) Value your money :

3-) Value your money :

Value every penny you earn and the moment you need to buy something, research well. Prices vary a lot from store to store, do not be ashamed, search, rate, haggle. After all the money you are using is yours, earned through your work and effort and if you do not value it, no one will.

4 -) Write down all expenses :

4 -) Write down all expenses :

 

keep note of everything you buy and for what you do not have note put in a notebook, this is key so that you at the end of the month look and review everything you have spent, so you know where you invested your money. This will help you to see if there was unnecessary expense, so that you take more care next time.

 

5 -) Credit card :

5 -) Credit card :

 

It is useful, but in the right measure: having a credit card does not mean that you should spend the limit every month and also that you need to get into debt with it. Do not be afraid of the card, just know that it can be villain or good boy depending on the use you make of it. The conscious use of credit and your money is the best way out, so plan the expenses, put in the card only what is really needed and never forget that even buying on the card will have to pay later.

You see, controlling your money against consumerism is the hard part, and curbing the urge to buy is not being miserable, but being aware of what you are getting. Here are some basic tips that can change your financial life if you choose to understand them, but just thinking about them will not change your bank account, you need to put it into practice every day, every day until it becomes habit. Show your money that you have control over it, and get to work!

Amortization of Debt from Bank Financing

 

Anyone who has already borrowed money knows that there are almost always costs involved. Be it the interest rates charged on the cash advance, or additional costs built into the financial transaction, the credit card billing delay, the foreclosure costs or notary’s expenses at the conclusion of the contract etc. In general borrowers can not deduct the costs of debt financing immediately. Instead, they need to pay off these costs over the life of the loan or financing.

The amortization of debt

The amortization of debt

In case of this article: how to repay loan debts in banks, borrowers who have contracted loan or financing with extended repayment term, have the possibility to pay installments in advance, carry out the reduction of the initial term of the financing or if you want, can also portability the loan financed to reduce the installments paid monthly.

You can usually pay off your debt financing costs. This involves recognizing these costs over the life of the loan, using what is known as the effective interest method. This method is a bit more complicated than a linear method, but results in faster deduction recognition.

To help in this process, it is not advantageous for them, the main Brazilian banks have different forms of procedures for this purpose. Check out how each one acts.

Amortization at Banco do Brasil

Amortization at Banco do Brasil

In the “Banco do Brasil” (BB), carry out the operation for debt repayment or settlement of financing installments in advance by being done without problems or hindrances, for this the borrower should seek the agency that was granted the real estate loan and do the payment, at least, to the amount of a current installment. The BB client also have the possibility to opt for the reduction of the value of the provision of the financing or the term financed. The repayment of the debt for the reduction of term is decreasing, that is, backwards / from the last installment to the first.

Amortization in the Savings Bank

 

According to the “Caixa Econômica”, the payment of installments to anticipate the term of operations with real estate credit, can be made in any agency of the institution in all Brazilian territory, but the option is not allowed for “financing in the Par Acquisition” ( Residential Lease Fund of the Minha Casa Minha Vida Program), for families with a monthly income of up to 3 minimum wages. Repayment is only possible if the borrower is in full (on time) with the installments of the contract when the advance is requested.

Amortization at Itaú Unibanco

Amortization at Itaú Unibanco

For Banco Itaú clients who have “Itaú real estate financing” and wish to amortize debts with prepaid installments, part of them or the total debt with the institution, the first step is to contact the “Imobfone” on the telephone 11-4004-7051 or 0300-7897051 , during business hours. The service of the “Imobfone” will give all the instructions and documentation necessary to carry out the operation.

Amortization at Bradesco

Amortization at Bradesco

In Bradesco, the client does not even have to leave the house, if you want to repay the debt of real estate financing, simply enter the bank’s website through the internet and make the option of one of the two types of early settlement available, to be amortized in the real estate financing in the same current account in which the debit of the installments occurs monthly. That simple.

Amortization in Santander

 

The extraordinary amortization or early settlement of debts in Santander also occurs in a simplified way, the borrower contacts the “Real Estate Credit Advisory Santander” at the telephones 11-3553-4058 (São Paulo), 21-3460-1304 (Rio de January) and 0800-286-0909 for other Brazilian locations. When the client wants to make a repayment in the financing, he informs the amount that he wants to write off, to carry out the liquidation of the financing, Santander’s advice informs the debit balance. In both cases, the central Santander sends the ticket to the borrower to make the payment.

Amortization at HSBC

 

At HSBC the borrower should go to a branch of the nearest bank and request a simulation of the debt repayment , they are two options, it is possible to check the repayment by the number of installments or the balance due. To have access to simulation, the borrower will need to identify himself through the CPF and RG or CNH, after that, the agency issues the ticket to make the payment.