2019 is coming to an end, but not many are already looking to the future, worried about the direction their finances will take next year.
The first step in solving this anguish is to look at the problem head-on: Are you in big debt or short money, but can you get to the end of the month without any financial help?
From this analysis it is possible to conclude whether the best way is to readjust your spending, cut costs on a day to day basis and even dispose of some assets to get the finances in order. If the answer is yes, great! If your situation is a little more serious, with costly debts, overdraft or credit card revolving, resorting to financial help may be needed.
It is important to keep in mind that this aid is momentary, not the solution. Analyze your problem and check which loan option might be best to solve it:
Among the types of loans available in the market, payroll loans are the best option for those who need financial assistance. With interest rates of around 2% per month, the payroll loan is an alternative for those in doubt with more expensive credit lines in the market, such as credit card and overdraft, or had an expense that was not foreseen in the budget and not a financial reserve to cover it.
It is possible to use financial assistance from the payroll to pay off the older debt in sight, replacing each other with much more friendly interest, which is a good option. The only restriction is that the payroll loan is only available to pensioners and withdrawals or employees of companies that have an agreement with some bank or finance to offer the benefit to their employees.
Those who do not have access to the payroll loan model can opt for the personal loan financial aid. The average annual rate of this type is 3.02% per month which, although higher than in the first option, is cheaper than overdraft and credit card. The ideal is to look for specific lines, such as refund of income tax or anticipation of thirteenth salary. In such cases, the funding is directly linked to the payment of the benefit in question. As soon as you receive the money, the discount on the value of the personal loan (and its interest) is realized.
How not to depend on financial aid
Financial help may be needed at certain times in life. The important thing is not to make it a habit. Use the loan wisely, either to pay off more expensive debt or solve an emergency problem. Hence, it is important to seek to acquire healthy financial habits, avoiding waste.