It's common for many people to end up getting in the way financially throughout their lives. Or else the price of everything goes up all at once and ends up leaving families with no choice. At such times, the first option that comes to mind is the personal loan. Therefore, some people may end up getting even more indebted. Therefore, it is very important to plan to take out a personal loan. In today's article, we'll show you how to do this planning. Keep reading and find out!

In short, before taking out a personal loan, see what the reason for this credit is. That is, it is due to debts or a trip or, then, medical expenses. That's because, depending on the reason, sometimes it's better to save money instead of paying interest on a loan. However, there are some situations that cannot wait. Therefore, we are going to give you some tips to think about before taking out a loan:

First, focus on your financial control. That is, always write down all your expenses. Whether in a spreadsheet or even in an old notebook. The important thing is to actually write it down. That way, you can visualize everything you're spending, and understand if you really need that loan. In addition, it is sometimes possible to cut expenses on one side to help the other.

In this sense, it is common for some Brazilians to end up avoiding this step. Because they start to spend too much and are even afraid to look at the card statement. But this practice only tends to make the situation worse. In the end, the invoice will be there anyway. So, don't avoid it! 

Finally, make it a habit to organize your finances on a weekly basis. So you don't plan yourself too far into the future. For example, you do your monthly planning. But there by the third week, a medical emergency occurs. How does the next week look, when you've already planned the whole month? Therefore, we recommend that you have a monthly plan, but follow up weekly. 

In this regard, moving on to planning to take out a loan. An essential factor is calculating how much you can pay per month. Because the loan installment will not be able to exceed this amount. So, understand that if your ability to pay is too low, you will probably pay more interest. 

Therefore, it is very important to evaluate all conditions. Currently, there are several platforms where you can search for credit options. By the way, research different financial institutions. That is, if you don't have a lot of payment capacity, try to focus on those loans with more flexible interest rates or with more time to pay.

In continuation, the value of the installment can deceive you into thinking that the value is low. Therefore, always be aware of the total cost of the loan. Because the installment can be, for example, R$200, but you have more than R$1,000 in interest. Also, if you already have other debts, don't create a new one. Seek to gather all the debt in one place, preferably in a more flexible institution.

That way, you organize your payments to be made and manage to focus all your efforts on a single debt. In that sense, remember to always check the CET, or total effective cost. In short, this is the rate that encompasses all your loan fees. That is, institutions with a high CET will have much more expensive interest rates.

Therefore, prioritize companies with an average CET, and also see the conditions in case of delay. Typically, fines are even more expensive than interest. Therefore, always be aware of this before taking out your personal loan.

In this sense, if you already have a personal loan taken out, but you are having problems paying it off, let us help you. First, follow our first tip: write down all your expenses. Really, do a detailed analysis of every expense you make during the month. Therefore, this practice will help you plan better to finish paying off the debt. 

Also, write down the expenses for the loan itself. See how much is missing and how much interest you can deduct. By the way, there are companies that offer a discount if you anticipate installments. That way, you can start collecting the money to anticipate several installments at once.

Finally, no one wants to have a dirty name. Unfortunately, in some situations it ends up being necessary to borrow money. And everything is fine! The important thing is to focus on planning. That way, now you have an idea of how to plan to take out a personal loan.

That is, when you hire yours, you will not be in default. Incidentally, default can generate several other restrictions on your behalf. In this sense, you cannot contract other credits and even buy certain goods, such as houses and vehicles. 

In addition, a final tip is: always prioritize the payments to be made. That is, remove all unnecessary expenses from your day to day. At first it can be very difficult to be without that weekend outing, but think that it is temporary. In that sense, a few days of planning can save you a big headache down the road. 

So now you know a little more about planning to get a loan. So, you can also know some credit options available in the market. See in this other article, which is the best personal loan!