It may seem like an exaggeration, but many elderly people have problems managing their finances, which ends up causing many to lose control over their earnings and live in a disorganized way, always lacking some value to make a payment, with difficulties to pay their bills. your commitments.
And you may be thinking that, at this point in the championship, if the person has not yet learned to control his money, he does not learn more. But you are very mistaken. It is possible to undertake financial re-education in old age and we are here to show you how this will be possible.
To give you an idea, a large part of the elderly have problems managing their own finances and that number only grows over the years, which made it catch our attention, to the point of elaborating a text that aims to do with that the elderly have a financial re-education in old age.
If you have an elderly person in your home or if you are an elderly person who cannot control themselves financially, we want to speak with you. Come and see how financial re-education in old age is possible.
See the necessary steps for financial re-education in old age to happen and put it into practice now!
Identify your debts
Over the years, if we have no responsibility for our money, it is possible that, upon reaching old age, the person is totally indebted, which is quite common, given the high number of elderly people with financial problems.
But the big problem for these people is that they are unable to identify where the debts are, which ends up hampering their financial re-education in old age. And having this information listed, down to the smallest details, is essential for you to be able to prioritize and pay first the debts that have the highest interest rates.
Understand the expense you have every month
This part is important in your financial re-education in old age because it is very common for people to end up paying more attention to their bigger expenses and forgetting about smaller expenses, which are the most important and, once you don’t control it, you end up losing all your salary for them.
And, in a way to have a control and know all your expenses throughout the month, have a spreadsheet or write down on paper, in detail, all your expenses. Regardless of where you put your data, the most important thing is that you keep a record of all your expenses.
And, in order to improve your control over the expenses you have, making your financial re-education in old age happen, work, you can also request the invoice of everything you consume to help control your expenses.
Make an amount for your month
It is essential that you know and know how your financial life works month by month. And you can do this using a notebook, spreadsheet or even mobile applications. It is important that you are able to have information about your monthly earnings, already counting thirteenth, among other bonuses that you may have.
Right after having all these data collected, you will put them in the way you would like to reserve for your goals, as well as your monthly expenditure on food, health, housing, leisure, personal care. It is important that you observe and pay attention to the small expenses that end up going unnoticed.
When you have all your expenses, you will be able to set your priorities. By defining them, you will be having your financial re-education in old age.
Review your habits and behaviors
Once you have defined your priorities, the time has come to put them into practice. And to start, changing consumption habits is very important for you to be able to make your financial re-education in old age work naturally, without facing major problems.
Analyzing your consumption in the month will help you to have a view of the expenses that you must eliminate, the expenses that need to be balanced and those that you cannot modify, that must be maintained. This complete overview of your monthly expenses will help you to be more cautious with your money, valuing every penny.
Renegotiate your debts
If you fall into this situation, know that the sooner you are able to pay off your debts, the better it will be for you. And an important tip is that if you pay off your debts in cash, you can get excellent discounts.
See among your debts, those that are more priority, call whoever you owe and request a renegotiation of the amount.
But to do this, you will need to follow the previous steps reported. That way, you will be able to have your financial re-education in old age.
