As with every beginning of the year, extra expenses can compromise the family budget and lead to debt. Accounts 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.
Planning finances is not about accumulating wealth, but about maintaining balanced financial health to avoid unnecessary debt. Many families go into debt because they do not adequately prepare for predictable expenses such as those at the beginning of the year, which, although 'shocking', are already part of the routine. Creating a financial strategy means planning the budget in advance, saving money throughout the year, and avoiding costly financial solutions such as loans and installment plans with high interest rates.
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 TourismCNCAbout 77% of Brazilian families are in debt, with a large part of these debts linked 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 resort to credit to cover basic expenses; high interest rates, which increase the cost of credit; and unemployment, which jeopardizes the financial stability of many households. Furthermore, the lack of financial education causes many consumers to make decisions without properly assessing the long-term impacts. Impulsive spending, excessive installment plans, and the lack of an emergency fund further worsen the situation.
To avoid debt and ensure greater financial security, some solutions can be adopted. Financial planning is essential, allowing families to monitor 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 during times of hardship. Another strategy is to control excessive use of revolving credit and seek interest-free installment alternatives whenever possible.
In addition to these measures, the purchase of financial protection products helps prevent debt. This type of protection provides support during times of adversity. With these coverages, policyholders can rely on resources to cover their basic expenses without resorting to loans or compromising their budget. In this way, the smart use of these solutions helps maintain financial balance and provides greater peace of mind for Brazilian families.
Without a doubt, protecting oneself financially is essential to avoid debt and ensure a balanced financial life. Planning ahead, creating an emergency fund, and avoiding installment payments with high interest are essential steps to start the year without stress. Organization and discipline help keep accounts up to date and avoid financial worries in the future.
