What are your plans for the future? You have plans, do not you? Have you ever thought that you could make that dream trip, buy a bigger house, or just live your retirement without worrying about money and living the best of your life? Relying on government retirement is certainly not the best of the options to realize this dream, so if you want to have a calmer future and really enjoy this phase of life, start to take care of your financial life ! Do not spend all your money without thinking!
If you spend everything you receive (or even more) it will be impossible to build a financial solidity that allows you to be unconcerned about the future. And the benefits of saving are not just for the future, because being aware of the use of your money will bring you immediate benefits, such as preventing you from getting into debt that can turn into a big headache. In this way, you can start thinking about things like changing a car, buying a bigger house, enrolling children in a better school or securing a family health plan.
If you want to know how much to save per month to have a better financial life in the future , this will depend on the time and amount you want. Using a financial calculator we can make an account for you to have as an example: If you want an amount of $ 100,000.00 in 10 years, considering the average interest paid by the savings (0.6% per month), you will have to save R $ 571.42 monthly.
If you do not have a lot of affinity with a financial calculator go to your bank and get help from the manager of your account. He is the ideal person to take all your doubts, make simulations and give you the guidelines of how to proceed. In this conversation, try to know the other forms of investment as well. Although saving is the most well-known form of investment, there are options with low risk and a much higher return.
Depending on the risk you are willing to take, you may choose to invest in real estate, stocks, government bonds or miscellaneous funds. The important thing is that you know all the options and ask all your questions before deciding where to apply your money, this is a decision too important to be taken anyway. Ideally, you should set aside a portion of your income as soon as you receive it, and do not leave it to save what is left over at the end of the month. Even because, let’s face it, it’s hard to resist when we have money in our pockets.
So make a commitment to yourself and your future, improve your financial life by stipulating a fixed amount or a percentage of your income to be applied as soon as you receive them, and avoid messing with that money without extreme necessity.
In the first few months it will be more difficult, but after a while this attitude will become a routine, and you will be doing a huge good for your future and your whole family. Do not forget that how you will live in the future depends on how you are doing in the present, so save now and have a peaceful future!