8 Questions About Personal Finance That Should Answer

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Let’s talk about personal finance? From an invention of Excel does not have to be any expert or consultant in economics to tell a citizen that he needs to know how his financial situation is and that maintaining health in finances is important. But how can you know more about your money?

Even for people who are able to comfortably generate their money in a month, with work or investments, can leave some crucial gaps in their knowledge. So it’s easy to solve this, ask these 8 questions we’ve listed in the next few paragraphs. If you know all the beauty answers, if not, reflect.

If you already have good control over personal finances, wonder stay that way. And if you have no idea of ​​any of the answers to the questions, then it’s time to understand something new and in the Loan Portal we’ll help you.


1. About personal finances, how much money have I saved?


You should monitor your money every other day, others look at you every day, but you are unlikely to give importance to monitoring your savings account. I also remember that it is important to keep a closer control of your investments as well. If you still do not, start now, when you have time, make sure your bank or online banking information systems or smartphone app helps you easily track your digital and bank accounts.

2. How much debt have I accumulated?

2. How much debt have I accumulated?


Credit cards, personal loan, car financing, student financing, real estate financing and medical fees, all kinds of debt should be planted.
You often keep payments with automatic debits in your accounts, so you should not be counting your monthly expenses. Review all your debit reports and check your balances whenever you can, and update your credit report periodically.


3. What is my net worth?

3. What is my net worth?

Your assets are the accumulated value of your money in (investments, savings, investments), your home, your automobile and anything else that you have added value (including jewelry and other items with re-sale value).

Your liabilities : These are your expenses, including the remaining balances of any personal loan or financing. When you subtract your liabilities from your assets you get your equity.

Obviously, non-knowledge about personal finance that also involves asset management and risk management can create negative equity. But when equity is well used, ideally it increases year after year, but if it is going the other way, it means that some changes must be made urgently.

4. What is my credit score?


Let’s talk about a good credit score : You need a good score for when you need credit in the square. This is why you should work on building a good score and keep your credit history neat and clean from negative subscriptions.

Fortunately, today it is very easy to find out what your score, based on sites like Serasa Score, it retains a lot of information about companies, credit card and financial managers, Serasa. Read: How to increase your score and credit rating.


5. How are my retirement funds?



Just as our credit in the square should be reviewed, the state of retirement funds is something that should be closely monitored and avoid wasting time on contributions.

1 – Do you have a retirement account (private pension)?
2 – How long has this account?
3 – How much is withdrawn each month to add to the funds of your retirement?

These are questions that you should be able to answer no matter how much time you have left for you to retire in the public or private sector.


6. How much money do you need to keep for 3 months?


6. How much money do you need to keep for 3 months?

Most financial experts agree that you should strive to have money saved to keep costs between 3 to 6 months in an emergency.

Of course there is Unemployment Insurance in Brazil, even so, should you be able to know how much money you and your family need to manage three months without income? Do not underestimate the future, it is a very important question to know the monthly cost of the essential as: shelter, food, utilities, etc. Are you financially or not prepared for an unexpected financial setback?


7. What are my deductions without income tax and tax?


7. What are my deductions without income tax and tax?


A lot of people who declare they are not doing well when they make their tax refund monthly or once a year between March and April, however, they are caught completely by surprise when they find out they owe more money than they expected. When it comes to your taxes, you really know how to avoid these surprises.

If you are unsure of what is stated, check with your employer or accountant what deductions should really be made of your income, salary or proceeds. And if you work on your own, it is not a bad idea to hire a private accountant to make sure that you are paying your taxes correctly all year, or if you are saving enough to cover the tax extra when charged.


8. What happens to your assets if you die?


8. What happens to your assets if you die?

This is a macabre and somber thought, of course it is .. but unfortunately everyone is subject to death, and it can attack at any time, so it is better to be prepared.

If you have no assets you will not need to have a will, but if you have assets, you need to think about what will happen to your assets, how it will be distributed and divided according to the laws of your country.

You can make it clear about what happens with your assets, definitely for the best interest of all heirs, it is good to talk to a qualified lawyer and create a document that will expose your will.

What about Personal Finance


Well, if you can answer all of these questions about personal finance, congratulations, if not, you better start adapting and let your financial health and finances in order.


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