As with every start of the year, extra expenses can compromise the family budget and lead to debt. Bills such as property tax (IPTU), vehicle tax (IPVA), vehicle licensing, school supplies, insurance, and other seasonal expenses arise simultaneously, creating a significant financial challenge. To prevent these expenses from becoming a burden, organization and financial planning are essential.
Financial planning is not about accumulating wealth, but rather about maintaining balanced financial health to avoid unnecessary debt. Many families fall into debt because they do not adequately prepare for predictable expenses like those at the beginning of the year, which, despite being ‘shocking,’ are already part of the routine. Creating a financial strategy means planning the budget in advance, saving money throughout the year, and avoiding expensive financial solutions like high-interest loans and installments.
Recent data indicates that in 2024, the percentage of indebted families reached record levels. According to the National Confederation of Commerce of Goods, Services, and Tourism (CNC), about 77% of Brazilian families are in debt, with a large portion of these debts tied to credit cards, followed by financing and personal loans. The scenario highlights the need for better financial planning and strategies to avoid excessive income commitment.
The main causes of indebtedness include high inflation, which reduces purchasing power and forces many families to rely on credit to cover basic expenses; high interest rates, which increase the cost of credit; and unemployment, which compromises the financial stability of many households. Additionally, the lack of financial education leads many consumers to make decisions without properly assessing the long-term impacts. Impulsive spending, excessive installments, and the absence of an emergency fund further worsen the situation.
To avoid indebtedness and ensure greater financial security, some solutions can be adopted. Financial planning is crucial, allowing families to track their expenses and adjust the budget as needed. Creating an emergency fund that covers at least three to six months of expenses can prevent loans in times of difficulty. Another strategy is to control excessive use of revolving credit and seek interest-free installment options whenever possible.
In addition to these measures, hiring financial protection products helps prevent indebtedness. This type of protection provides support in times of adversity. With these coverages, policyholders can rely on resources to maintain their basic expenses without resorting to loans or compromising their budget. Thus, the smart use of these solutions helps maintain financial balance and provides greater peace of mind for Brazilian families.
Undoubtedly, financial protection is essential to avoid indebtedness and ensure a balanced financial life. Planning ahead, creating an emergency fund, and avoiding high-interest installments are fundamental steps to start the year without financial strain. Organization and discipline help keep bills up to date and avoid financial worries in the future.
