According to a study by the National Confederation of Trade in Goods, Services and Tourism (CNC), 59.6% of Brazilian families are indebted , and this is most often caused by a lack of financial planning .

In order to achieve your dreams, goals and keep your economic life stable, you have to put it into practice.

Although it is a subject that raises a lot of doubt and scares a lot of people , planning your finances is not such a difficult task, although it influences practically all your everyday habits.

Only with well-done and serious financial planning will you be able to look at your finances from the outside, analyze the strengths and weaknesses of your earnings and expenditures, and align them according to your future plans.

It is actually a reporting of your money to yourself and to your future!

When you know how much your family or only you have monthly income, how much they have monthly expenses, whether it is fixed and variable bills, how much money they have left at the end of the month and how much they need to reach a certain goal, it is possible to change the habits to get there.

What is Financial Planning?

What is Financial Planning?

The main purpose of financial planning is to generate the intellectual and practical capacity to organize and deal with money so that there is financial stability or goals that involve a sum of money.

The central idea of financial planning is to anticipate situations that may compromise your finances and develop strategies that are sufficient to meet pre-set financial goals.

As already mentioned, financial planning is not a seven-headed animal, but it requires compliance with some rules and guidelines necessary to succeed.

As a result, we divided financial planning into 3 steps : setting goals, strategizing, and feedback to improve the planning process.

For these 3 steps to make sense, you need to include accurate information about your earnings and spending based on your daily or monthly consumption habits.

Such data will assist you in the projections of possible future financial scenarios.

It is also part of financial planning , analyzing what actions are actually working, which have gone wrong and which have worked so far, and make possible adjustments, if necessary, according to your financial goals.

It is also necessary to update financial data whenever a change occurs, as is the case of increase or decrease in salary, increase of monthly accounts, among other expenses.

Types of Financial Planning

Types of Financial Planning

Planning is needed in any sector of our life and should also be applied to different groups and purposes.

Because of this, there are various types of financial planning that are intended for each type of person and for each type of purpose.

These are: personal financial planning, family financial planning and business financial planning .

The personal financial planning, as the name implies, is focused on just one person.

So it is geared towards spending and personal planning .

The relative is directed toward the financial conditions of the family and the common goals between them.

The business financial planning focuses on the financial situation of the business and how to plan improvements in the company.

Get to know a little more about each of these types of planning:

Financial Planning

In order for your personal expenses to be controlled and match your personal life goals, you need to plan.

At this time, you do not include the family income or the expenses of others. This planning is all yours and for your goals.

To do this, mount a spreadsheet on your computer with all your daily, weekly and monthly expenses , scoring from a small spend to heavier bills.

The important thing is to never fail to inform the expenses. Having interest in some application, always try to observe them and write them down.

Since life goals in this type of planning are exclusively yours, put them on paper and think about the amount needed to reach them.

Only then will you be able to analyze if your spending and earnings are coinciding with your goal .

Family Financial Planning

Having family bills on track and effective spending control is key to a good life.

Unlike personal planning , the relative involves other people, so it is more delicate and even more necessary.

In addition, it involves much more information related to expenses, receipts and plans larger and, in most cases, more expensive.

In addition to achieving a common goal for the family, such as buying a new apartment, for example, family planning is necessary to keep accounts always up to date.

In most cases, families get into debt because they do not know the expenses of the family and each component of the house.

With this, they end up ignoring other expenses, not counting them and adding goals that are unattainable in this situation.

Because of this, cataloging family expenses is the most effective way to improve this control.

In a spreadsheet, separate the expenses and earnings of household members , so that you have a complete look at what goes into and out of money monthly.

Only then will it be possible to analyze which expenditures are unnecessary and which are fundamental and can change them according to the financial plans of the family .

Business Financial Planning

To realize your business idea, business financial planning is essential .

This applies to keeping cash in cash and also to expansions or other growth goals of the company.

Because of this, financial planning is part of any company’s business plan.

Knowing where your company is and where it wants to go is part of everyday business, which always changes as the achievements take place.

Therefore, financial planning, besides being an initial tip, runs through the life of a company, changing values ​​of entry, exit and also the goals of the company .

Keeping the company with cash flow, with enough money to pay suppliers, employees, buy materials, equipment maintenance, fixed bills, among other expenses, need to be well defined and explained in strict controls by a responsible sector.

Only then, the management of the company can analyze the monthly revenue and how much it has available for new investments .


How to Do a Personal Financial Planning in 10 Simple Steps

How to Do a Personal Financial Planning in 10 Simple Steps

Most people seek to know how to put personal financial planning into practice , as it will serve as the basis for other types of planning.

As already mentioned, this is not such a difficult task and includes 10 key steps that are simple to put into practice. Check out:

1. Remove Your Debts

It is virtually impossible to plan and achieve some goal that involves your money if there are still outstanding debts in your name.

Removing debts should be a priority before any other spending or goal .

Only in this way will you be able to maintain a monthly financial balance and, when removed, achieve sufficient savings for some larger goal.

Most of the personal debts involve credit card , overdraft , bank, financing, among others.

If the debt is not repaid, compound interest only increases gradually , which makes a small debt a real snowball.

To avoid letting any debt go blank and accumulate unnecessary fees and interest on account of clutter, list in a spreadsheet all your monthly bills, from those more into account to the heaviest bills.

So you can see what you owe, for whom and how much to take away.

List the current value of the debt by adding the interest that is being charged.

Paying the fixed and variable bills that are not overdue, use whatever is left to go to those that are in debt.

Even if you do not over a lot of your income for this purpose, pay what you get, always prioritizing higher-value debts such as credit card and overdraft .

These are the most expensive and accumulate higher interest rates . Be aware that installment payments will never consume more than 30% of your monthly net income.

To help you clear your debts, you can opt for a personal loan with Credit Advisor .

You get a perfect loan according to your financial needs and possibilities.

Check out how to get your personal loan .

2. Use a Worksheet to Control Your Expenses

Organization is the most effective way to put good financial planning into practice.

And one of the most used forms for this are the expense spreadsheets . Generally, anyone who plans their finances uses Excel to assemble their spreadsheets and organize themselves.

It can be created from scratch – in a program like Excel or Google Sheets – or downloaded directly and free of charge from the link below.

On the other hand, downloading a spreadsheet with a ready structure in Credit Lender does not require the person to master techniques for creating tables, such as Excel, besides being faster and more practical for those who do not have the time for this assembly.

Regardless of the type and mode you will apply to have your spreadsheet, this is the only way to track all your spending, earnings, all your money-related actions, and plan how much you can spend per week or per month to achieve a certain objective.

Check out our special post about spending spreadsheet and the free template that Credit Lender offers for you to download

3. Know Exactly How Much You Make and How Much You Spend

By checking all your daily, weekly and monthly expenses, and how much you earn in the month, you can see more fully your financial reality .

Only then, it is possible to organize in fact and plan new feats. To do this, use the previous tips to get this information. Spreadsheets are best suited for this!

4. Avoid Buying Unnecessary Things

If you have a goal in your life , such as buying a car, for example, you need to focus your efforts and your finances on it!

Or if you’re a bit “tight” in your monthly finances and still need to pay off debts, you also need to put your foot on the brake.

So avoid buying unnecessary things is necessary .

Avoid buying shoes, clothes, making expensive trips, buying decorative pieces, among other items that will not make a difference and are not a necessity in your life.

Think of this locking as temporary and geared toward a greater good .

To conquer great things, you have to go through some restrictions if necessary.

5. Trade To Buy With Discounts

Another way to maintain a financial plan is to always try to negotiate your purchases with discounts and at the lowest price.

Avoid going to expensive stores , which sell the same products as others, but use name and advertisement to charge more.

Look for promotions , stores more in account and, whenever possible, negotiate your purchases with the seller.

If you are already customer of many years of a store or bought in large quantity, it is easier to get these bargains!

6. Buy On the Spot If You Get Discounts For That

As mentioned above, getting discounts is a way to save money .

To achieve this, buying in sight can help you in this negotiation.

In addition, it avoids that another financing is formed, avoiding also more monthly debts and aiding in its economy.

7. Have a Concrete Financial Objective

Good financial planning also includes concrete goals .

Without goals, planning does not make so much sense, because it is to reach them that we move financial efforts.

To achieve your goals and objectives, you have to put your foot down and put an achievable goal in the planning .

That is, it is possible according to your monthly financial reality.

Even if your financial objective is not so great, it needs to be concrete and very well defined so that the actions are put into practice according to the needs to achieve it.

8. Be Careful With Your Credit Card And Special Check

In order to achieve some financial goal, many people end up headlong into credit card debt and appealing for overdraft.

This may even be a viable alternative, but without the portions of a loan or a credit card jeopardizing your planning and your income.

If you delay some portion of the credit card or do not have sufficient funds to cover the overdraft, interest and fees are high and add to the debt each month of default .

What was a small debt, turns into a snowball that prevents a balanced financial planning .

So be very careful with the fees, with the interest of each bank and financial not to get into a hole and, if you hire, always pay attention to pay everything in day!

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9. Practice Good Financial Habits

Good financial habits include many things, such as not spending on the unnecessary and avoiding impulse purchases.

To end this habit and keep finances up to date, start planning your purchases. Search for prices, discounts, payment terms and buy only when you need them.

Another good habit is always planning, ranging from the most basic (which makes up your monthly income) to the most elaborate to achieve future goals.

When it comes to managing your finances, start planning spending goals for the next month.

Define how much you can spend on each category of your budget , always leaving first the fixed expenses that are essential for your living, such as rent or the share of the home, condominium, school fees, among others.

After that, define the variable expenses , which are essential, such as electricity, gas, telephone, internet and supermarket.

If you do not have debt or have already paid off the debt, you may be able to create a financial reserve to achieve your goals.

This is a good financial habit to protect in emergencies and also to achieve your financial goals.

To do this, reserve at least 15% of your monthly net income to form this financial reserve, which must correspond three to six months of your salary.

10. Seek Knowledge About Investments To Multiply Your Money

Making money pay off is not such an easy task for lay people .

Many end up investing in savings accounts, not knowing that this mode of investment no longer generates the return of yesteryear .

To avoid ineffective investments, look for more knowledge on how to multiply your money . An example of this is the Treasury Direct, CDB (Certificate of Deposit Bank), LCI (Letters of Real Estate Credit), among others.

Importance of Personal Financial Planning in Your Life

Importance of Personal Financial Planning in Your Life

Dealing with numbers and finances is not an easy task, and it gets even more difficult if there is no clear and simple planning .

The ultimate goal of your financial planning is to lead an individual toward fulfilling his or her big dreams and maintaining a financially sound living condition.

In order to achieve our goals, we must know our reality and, from this, the triggers we have in our hands to reach them.

You can not get anywhere without planning .

Advantages of a Good Personal Financial Planning

Advantages of a Good Personal Financial Planning

There are only advantages from good personal financial planning .

Keeping track of your spending is a way to get to know your financial reality and your potential to achieve new achievements.

In addition, it gives you greater reasons to pursue new dreams , since planning opens your mind to it.

Having good personal planning also prevents your assignments from being interrupted for lack of money or for debts that arise due to lack of planning.

First of all, planning your finances is part of your livelihood.



Financial planning is something essential , be it personal, family or business. Any branch needs organization and planning to survive and to achieve new goals. Think of the present and the future clearly and plan for tomorrow!