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There are methods of how to manage a salary of 3500 reais extremely efficient. These techniques are suitable for people who want to save money, regardless of the end goal. Check them out below. 

How to manage a salary of 3,500 reais

The how to manage a salary of 3500 reais works for everyone, regardless of their salary or monthly profits. However, in order to achieve financial organization, it is essential to focus on the process.

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Most people don't find it easy to create a financial plan, but it's not impossible. With effort and focus, any consumer can save money and manage it in the best possible way. 

Before introducing the 50-30-20 method, people need to understand that the financial plan should be seen as an income optimization tool. What's more, it's a great way to organize monthly payments. 

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With a personal budget in hand, consumers can find the expenses that can be cut from their lives. In short, this technique can be applied by everyone - the first step is to get to know it. Check it out below: 

About the 50-30-20 rule

The 50-30-20 rule is nothing more than an income distribution method. In other words, it suggests the best way to spend your monthly budget. In this case, consider the following categories as your main expenses:

  1. Essential Expenses: These expenses must make up 50% of our monthly income. In other words, these expenses include electricity, water, internet, food, transportation, rent or mortgage installments, among others; 
  1. Personal Expenses: Personal expenses involve all those that are not essential, such as consumer goods, leisure, among others. These amounts should only compromise 30% of your monthly income; 
  1. Investments: Last but not least, the method suggests that people put away a good amount of money to invest in the best products on the market. Spending on these investments should be 20% of your income. 

The procedure is simple and can be done by anyone, regardless of whether they earn R $3,500.00, less or more during the month. All consumers need is focus to achieve their financial goals. 

How to take better care of your pocket

Most people have doubts about how to take better care of their salary. Although it doesn't seem like it, the procedure is simpler than most people think, you just have to bet on the process of financial organization. 

This is the first step towards taking control of your salary, whether it's R $3,500, less or more. When consumers understand the importance of financial health, they can define their lifestyle and create goals to achieve their dreams. 

However, regardless of the amount of your salary, it is essential to have focus and discipline on the journey of financial organization. Anyone can pay their bills and save a little money at the end of the month, regardless of the amount. 

The biggest problem is thinking that managing your salary is an impossible process. The habit of saving money can be followed by anyone. You can even start by saving R$1.00 a week and gradually increase it.

Split your salary to save money

People who are interested in investing or saving money can feel at a loss when it comes to dividing their salary to save money. The first step is to create a financial plan and look at the expenses that can be cut from your budget. 

When consumers understand exactly what they spend, as well as the percentage of their salary allocated to each category, they can organize themselves financially. On the other hand, if you don't have this clear, you won't be able to divide up the money properly. 

One of the main tips for organizing your financial life is to pay off your debts when you receive your salary. This simple habit helps consumers avoid additional interest or collection fees, as well as the possibility of saving some money. 

How to use the 50-30-20 budget method

The 50-30-20 budget can be flexible, depending on your needs. In other words, before you start separating your debts into categories, define what your financial goal is. If you have a lot of debts, you should prioritize them. Here's how to use this method to create your budget: 

1. Calculate your income 

The first step in using the budget method is to calculate your entire income after deductions. If you're a salaried employee, your real income is easy to find out - just go to your payslip and subtract the amounts. 

On the other hand, if you are self-employed, you need to subtract your gross income from your company's taxes and expenses. 

2. Map out your expenses

Once you have your income in hand, map out all your expenses. Look at the amounts you spend in the necessities category, for example, remembering that it shouldn't compromise more than 50% of your net salary.

Once you've mapped out your spending, you can find the patterns that can get in the way of managing your salary. In this way, consumers can cut down on the expenses that jeopardize an income of 3,500 reais. 

3. Make adjustments to the budget 

As mentioned above, by understanding where your money is being spent, you can cut unnecessary expenses. In this sense, if any bill is outside the 50-30-20 method, it is essential to cut or adjust it. In this case, there are a few tips:

  • Ask to refinance your fixed bills, especially your cell phone, internet and rent, among others;
  • Set limits on non-essential purchases. For example, buy less food by delivery;
  • When you have some money left over, see if it's worth paying off debts early or increasing your income in a savings account;
  • Establish your financial goals so that you don't lose focus when managing your salary. 

4. Cut unnecessary expenses

By accounting for income and expenditure during the month, consumers can quickly see which expenses are essential and which are unnecessary in their budget. 

Once you have this idea, you can cut these expenses and save more money for your short-, medium- or long-term goals. Also, check the bills that can be reduced, such as the internet.

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