How to organize personal finances?

Knowing how to organize personal finances is the first step to ensuring financial security and a peaceful life. Those who learn to manage money know exactly how much they earn, how much they spend, and especially where they spend.

With this information, you can plan your expenses by knowing which budget categories you can cut spending on, defining what your financial priorities are, and figuring out how to keep your finances in balance. the risking debt. Here’s how to organize your personal finances:

Use the financial tracking app

Relying on a financial control application is essential for anyone learning how to organize personal finances. The tool helps you know what your income and expenses are, where your biggest expenses are, and also useful for planning how much you want to spend on each budget category the following month. The GuideBayment the unique application fully automated financial control.

To start using just enter the internet banking data and the tool raises all movements made in the checking account and credit card, automatically categorizing expenses. This makes it easier to know where you can cut costs and save.

Find out exactly how much you earn per month

Find out how much you actually receive from revenue per month. Do not consider gross salary here, but how much you actually enter into your checking account after discounts such as transportation vouchers, income tax, INSS etc. Also consider extra incomes.

List all expenses


To organize personal finances you need to list all the expenses you have for months. Don’t leave any out: from coffee after lunch to higher expenses like rent and college tuition. Add them all together and see what your total spending is in one month.

Analyze if you have money left over at the end of the month


Once you see how much you earn and how much you spend, it’s time to look at whether or not money is left at the end of the month. The vast majority of people fall into the second category precisely because they do not know how to organize personal finances.

Find out what you can cut or prioritize

If you spend more than you earn, you need to look at where you can cut spending and also the expenses you need to prioritize to balance your financial life. Leisure, for example, is an area where you can cut back on spending by giving preference to free activities. Essential expenditures such as food, health and housing, on the other hand, should be guaranteed in the budget.

Get rid of doubts

Do not push the doubts with the belly. Put everything you owe on paper and set a deadline for repayment. Avoid expensive debt at all costs, such as overdraft and revolving credit card. Organizing personal finances is essential not to create other debt.

Plan your finances


Making a monthly plan is important to avoid having to deal with financial problems in the future. Divide your monthly income across all budget categories, starting with essential and fixed expenses such as rent, condo, college tuition, health plan, and so on. It’s important to stick to what you plan to spend on each category.

Control credit card spending

The credit card can be one of the great enemies of healthy financial life. Use it wisely by giving preference to cash purchases only, checking the balance every 10 days and always paying the full bill.

Creating a financial reserve is essential not to be taken by surprise with unexpected expenses. Set aside an amount from your monthly income to an emergency fund. For this you can use the 50-15-35 rule.

The organization of finances should be the priority of the whole family. It is therefore important that all of its members are committed to personal finances and are willing to make the necessary changes in their spending habits.

Book an amount for leisure

money loan

Organizing finances and cutting some expenses does not mean that you have to end all leisure. Set aside an amount from your monthly income for fun (again, count on the 50-15-35 rule) and always prefer for cheaper or free activities. Thus, it is possible to have fun without breaking the budget.

Don’t forget to invest

Once you have created a financial reserve, it is a good option to look for some long term investments. Options include LCA, LCI, shares, CDB etc. Choose according to your profile and the amount you have available to invest.