Want to stretch your budget? Adopt these saving habits.

5 strategies to stretch the budget

With the end of the year approaching and expenses coming with holidays and Black Friday, it is important to adopt effective strategies to save.  

On World Savings Day, recently celebrated, the institution Nikel shared some practical tips for organizing finances and stretching the budget.

Adopting some financial habits now can ensure a lighter end of the year and avoid unexpected expenses.

The one sharing is the Notícias ao Minuto, citing the 5 strategies: from Black Friday to Christmas, adopt these 5 strategies to save.

Prepare a budget.

Before shopping, it is important to set a spending limit for each category: gifts, food, entertainment, among others. This way, it is possible to avoid impulsive and excessive expenses that can compromise finances.

Make a shopping list

By having a well-structured list with everything you intend to buy during this time, aligned with the defined budget, it is possible to focus on real needs, avoiding unnecessary purchases. It is also important to consider adjusting consumption priorities, there may be a need to give in on some usual expenses to keep the budget within the planned.

3. Take advantage of promotions strategically.

It is necessary to carefully evaluate the discounts of Black Friday and the Christmas season, which, although tempting, are not always the most advantageous. Therefore, comparing prices online and looking for early campaigns, which offer attractive discounts, can be important strategies to adopt.

Use secure payment solutions.

It is important to choose secure payment solutions, using the 3D Secure service, that are easy to use, allowing you to control and monitor transactions in real time effectively and make payments quickly, flexibly and securely. In addition, buying from secure websites, checking the SSL certificate (addresses starting with HTTPS), or paying attention to the existence of spelling errors in the site's URL and its contents, are some aspects to consider.

Monitor your expenses continuously.

Regularly monitoring account movements is essential to check expenses, facilitate the identification of expenses that exceed predefined limits, and allow for quick budget adjustments to maintain financial control. Having an account without overdrafts could also be an additional advantage, ensuring that you do not spend more than you have available.

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