Are you going to pay taxes? Learn how to get financial relief with your loans and insurance.

Renegotiate, consolidate, or transfer - and gain financial breathing room to face the IRS.

With the arrival of the IRS filing period, many taxpayers begin to tally up their lives, and sometimes the bill that the State will present.  

If you are among those who will have to pay IRS this year instead of receiving a refund, there are ways to alleviate financial pressure. One of them is to optimize your credits and insurance.

Renegotiating or transferring credits can give you more flexibility.

If you have personal loans, a car loan, or even a home loan, it's worth evaluating if you can get better conditions.  

You may be paying more than you should for your products! It is important to explore possibilities, such as renegotiating with your bank or resorting to a transfer of credit to another institution with more advantageous rates.

Another solution is consolidated credit: combining all your credits into one, with a lower monthly installment. This may allow you to save every month and use that extra money to cope with the payment of the IRS.

Read also: Consolidated credit: The solution to simplify your debts

Do not neglect insurance - you may be paying more than you need.

Many people keep the same insurance for years without reviewing them. The life insurance associated with home loans, for example, can be transferred to another insurer and, in many cases, significant savings can be achieved while maintaining the same protection.

Also auto and multi-risk insurance can be optimized: Review coverage, deductibles, and compare offers. A simple change can result in tens or hundreds of euros per year.

Read more: Housing credit: Can transferring life insurance help lower the installment?

Quick tips to create financial slack:  

• Evaluate your monthly expenses and identify where you can cut or improve conditions;  

• Comparing credit and insurance offers from various institutions can make a big difference;  

• Avoid accumulating credit card debts to prevent worsening your financial situation.

• If possible, create an emergency fund with small monthly savings. 

Having to pay IRS can be an unexpected burden, but with good management of your financial commitments, such as credits and insurance, it is possible to create some leeway in the monthly budget. The important thing is to act in advance and not wait for the bill to arrive to start planning.

Let's review your credits and insurances? "Poupança no Minuto" has credit intermediaries and specialized insurance mediators to help you throughout the process, saving you from bureaucracy so you can save money, and at no cost! Contact us for more information.

Simulate the savings you can achieve with each solution using these simulators, or contact an agent directly.