Like every beginning of the year, extra expenses can compromise the family budget and lead to indebtedness. Taxes like property tax, Vehicle Property Tax, vehicle licensing, school supplies, insurance and other seasonal expenses arise simultaneously, generating 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 rather to maintain 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 that, despite 'shocking', are already part of the routine. Creating a financial strategy means planning the budget in advance, save money throughout the year and avoid expensive financial solutions, like loans and installments with high interest
Recent data indicates that, in 2024, the percentage of indebted families reached record levels. According to the National Confederation of Trade in Goods, Services and TourismCNC), about 77% of Brazilian families are in debt, since a large part of this debt is tied to credit cards, followed by financing and personal credit. The scenario highlights the need for greater financial planning and strategies to avoid excessive income commitment
The main causes of indebtedness include high inflation, that reduces purchasing power and forces many families to resort to credit to cover basic expenses; high interest rates, that increase the cost of credit; and unemployment, that compromises 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 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 essential, allowing families to track their spending and adjust the budget as needed. Create an emergency fund, that covers at least three to six months of expenses, you can avoid loans in times of difficulty. Another strategy is to control excessive use of revolving credit and seek interest-free installment alternatives whenever possible
In addition to these measures, the hiring of financial protection products helps in the prevention of indebtedness. This type of protection provides support in times of adversity. With these coverings, policyholders can rely on resources to cover their basic expenses without resorting to loans or compromising their budget. In this way, the intelligent use of these solutions helps to maintain financial balance and provides greater peace of mind for Brazilian families
Without a doubt, protecting yourself financially is essential to avoid debt and ensure a balanced financial life. Planning ahead, creating an emergency fund and avoiding high-interest installments are essential steps to start the year without stress. Organization and discipline help keep the bills up to date and avoid financial worries in the future
