Do you know what financial planning is? For he is an essential tool for your life. With it, you can have a good organization of your finances, your household budget, expenses, debts, etc. And all of this is part of a planning that is responsible for your finances being well organized and your financial health being good.

And we know that doing good financial planning and putting organization into your financial life can make all the difference in how you're going to enjoy your money. The worst thing is that it's still the beginning of the year and you're already in debt and stressed about how you're going to pay it all off, isn't it?

So, in this article, we have gathered a series of information and tips to encourage good financial planning to escape the villains that hinder your finance organization. 

Did you like it? So keep reading because we're going to help you get away from these financial planning villains and feel more relaxed about your spending and investments. 

Let's go?

So, in a very general way, to be able to have a good financial planning you will need:

That way, it will be much easier and simpler to achieve good financial health in your life. Thus, you will live with less stress regarding your money and your expenses and expenses. And who doesn't want to live more peacefully like that, right?

But so far, we've only covered some of the ways to maintain your organization with good financial planning. However, for those who are curious and feel that they need to improve this aspect of their lives, keep reading, this article is for you!

Because we've gathered some information about the top 5 villains of good financial planning. That way, you'll be able to reach your goals more easily and reduce your debts and worries!

You need to give a new direction to your financial life this year. And if you're reading this article, it's because you already know that you need to change the way you handle your personal finances, right?

And that's why we're going to talk about the main villains of your financial planning, to help you get away from them and improve your financial health as a whole. But first, understand that you yourself can be a villain for your change of habits.

Because many people avoid financial planning for the wrong reasons, such as:

But none of that is true! So, it's time to get to work and start your financial planning. And for that, it's really good to write down which are the 5 villains that can hinder you the most in reaching your goals regarding your money.

So keep reading and check it out below!

Understand that for good financial planning, purchases in installments are great villains. And it gets even worse if they are installments in large quantities, with higher interest rates.

Because purchases in long installments always make it easier to disorganize and lose control of your finances, especially if you are not doing good financial planning.

For example, if a person always ends up owing at the end of the month because they have several different payment installments accumulating every month. And without financial planning, you don't manage how much money goes away per month just with installments. You also have no idea of the amount you end up spending just on interest rates on long-term purchases.

Therefore, the tip is: avoid installments whenever possible, especially long-term ones with built-in interest rates. Because it may seem like a little thing, but in the long run what you will pay with interest rates alone can be a very high amount!

So, to get around this villain of good financial planning, here are some tips:

Revolving credit may seem like a good option at first, when you can't afford to pay your credit card bill. But make no mistake, he is a villain of good financial planning.

Because the revolving credit is that type of credit that the financial institution offers you as an option to pay a part of the invoice amount, and pay the rest in installments in the following invoices. And this can even give a false impression of relief and debt repayment.

But it is just a false impression. Since depending on how many installments you divide your invoice, you may end up accumulating interest rates and creating even more debt in the long term.

And don't forget, any remaining amount on your bill will have an interest charge on it. That is, the more installments, the greater the final amount you need to pay to the institution that provided you with the credit. 

So the debt increases and becomes a big snowball. Therefore, the ideal thing to maintain good financial planning is to avoid paying your credit card bill as much as possible! 

But for those who have already fallen for this villain that is the rotary, you can think of:

But to avoid getting there, it is essential to maintain good financial planning. In addition, you will lose less money on interest and debt and you will still gain much more peace of mind in the end, won't you?

If you've done your financial planning, it means you've already analyzed your spending pattern, your debts and your attitudes that you need to change in 2021, right? And one of the main villains of good financial planning is the famous impulse spending. 

And this type of spending is often the main villain for ending debt and saving money. It's often those impulsive purchases online, in apps, things that we didn't really need in the end and that end up with any financial planning you've done.

So, if you notice this spending pattern in the previous year, it should be on your list of attitudes to be reviewed for financial planning this year. But be careful: you don't have to stop spending and deprive yourself of small pleasures, but do it consciously and in a well-managed way.

That is, before making those impulse purchases, think carefully about the following situations:

If the answer is no to both questions, it's time to cut that spending for good!

This is one of the most famous villains among people who don't have good financial planning up to date. Yeah, those who stop organizing can fall into debt much more easily. And not just that, as it becomes more vulnerable to risky debt and over-indebtedness.

But to avoid the debt villain for good, you need to do your planning, set goals and change habits. First, organize your open debts, check which ones are the biggest and with the highest interest rates.

So, try to reflect on which ones can be paid off first, and which ones can be renegotiated. Thus, you can earn longer terms or even lower interest rates.

Therefore, good financial planning also involves organizing and controlling existing debts. But also for changes in attitudes to avoid the emergence of new debts.

So, control your superfluous expenses, try to cut expenses where you can and focus on paying off your debts. Afterwards, plan to never spend more than you earn, avoiding excessive loans and installments.

And of course, good financial planning is what will make all the difference. But how to do it? Well, that's what we're going to explain next. So keep reading and check it out!

Good financial planning is the secret for you to be able to take better care of the money that comes in and out of your account every month. But how to have a good planning? So, check out our tips below!

Because to be able to do good financial planning and start taking better care of money this year, you need to understand the profile of your personal finances. That is, you need to stop and think about your habits regarding your finances, such as:

Thus, it will be possible to more easily devise a strategy to modify your bad attitudes, and of course, you will also be able to reinforce good attitudes. And you will also be able to meet your financial goals for this year more easily.

For those who may experience more difficulties when making financial planning, know that there are plenty of app options and even spreadsheets to help with planning. Thus, the process of taking care of your personal finances becomes simpler.

So, look for apps and spreadsheets that have the following characteristics:

And you can choose tools that can help you with financial planning in different ways: shopping facilitators, investment managers, bank balance managers, and even ready-made spreadsheets to control the household budget.

So, to make your life easier, we've brought you some options. Check out good tools for your financial planning:

Know what you intend to achieve from managing your finances. And they can be long, medium or short term goals.

So, in summary, to have good financial goals in your planning, you can:

That is, spend knowing what you are spending on, and if that is necessary at the moment. Because practicing conscious consumption is essential for maintaining personal finances with good financial planning. Thus, by letting go of unconscious and unnecessary consumption habits, you will be able to take better care of your money.

Because investing is becoming easier and easier. And all you need to do is organize yourself for it, creating a financial reserve just to invest. So, attitudes that will help you start investing money 

That is, in your financial planning, make a list of all the services you have hired and pay monthly or annually. Put them all together and think if you haven't used any recently, or which one you haven't used.

Thus, you will cut unnecessary services and it will be easier to start taking better care of the money that comes out of your account.

So we come to the end of our article with a series of tips and information for you to lose your fear of doing your financial planning. And so, you will realize that you have started to take better care of the money you have, and that you can set goals and meet those goals.