How to rent and save money? Check out the possibilities!
Check out the tips we've prepared for renting and saving money during the period
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Renting and saving money can be a very complicated task. After all, we are talking about one of the main expenses in family life.
Furthermore, the IGP-M, the rent adjustment index, ended 2021 with an accumulated increase of 17.78%.
However, there are ways to save money even if you are renting. This way, you can organize yourself so that in the future, you can buy your dream home!
Check out the tips we have prepared for you:
1. Write down all your expenses
The first step is to better manage all your expenses, regardless of the amount.
Many people think that small expenses don't make a difference. This is a big mistake!
After all, when accumulated, these “invisible expenses” turn into a big snowball and compromise your budget.
Therefore, keep every receipt and receipt for your purchases.
You can write down all your expenses in a notebook or in an Excel spreadsheet. There are also great finance apps that will help you better manage your income and expenses.
2. Set financial goals
Setting financial goals is essential to have more focus, discipline and motivation when saving money.
When you start writing down all your income and expenses, you will better understand your financial reality and, therefore, be able to set more realistic goals with defined deadlines.
Goals can be short, medium and long term.
Goals are also important to remind you that small sacrifices in the present will help you achieve bigger dreams in the future.
3. Split the rent with a roommate
If this is possible, try to find someone to split the rent with you.
This is one of the best ways to save money, since you will not only be sharing the rent, but also other expenses, such as condominium fees, electricity, gas, among others.
If you can't find anyone, ask your friends for recommendations or search on specialized websites and apps.
4. Rent a smaller space
Consider renting a smaller property that is still suitable for your needs.
Having a larger space is really good, but if you want to save money, the ideal is to rent a smaller apartment and reduce this expense.
When choosing a new place to live, many people end up opting for properties that are larger than they actually need. This will certainly increase costs.
So, if you live alone or don't need a large space, consider renting a smaller space and thus save more.
5. Rent out your garage
If the property has a garage, but you don't have a car, consider renting it to another resident of the building.
To do this, talk to the owner and understand the rules.
6. Make strategic cuts
If your goal is to save money, you will need to make some cuts to your budget.
This doesn’t mean you have to stop going out or give up all your fun moments. Everything can be flexible!
To make these cuts, you need to evaluate how much you spend on leisure time and try to reduce some costs, such as:
• Fast food orders
• Compulsive shopping
• Streaming services (you can share the plan with someone)
• Exaggerated promotions
7. Use your credit card sparingly
Contrary to what many people say, credit cards are not a budget villain.
In fact, this tool, when used correctly, can help you organize your finances.
The problem is the uncontrolled use of credit cards, which generates debt and a lot of financial worry.
The ideal is to have a credit card that can meet your needs and, therefore, bring more practicality to your day-to-day life.
Choose the one that best suits you. There are currently cards with several benefits, such as exemption from the annual fee, points program, cashback, among others.
See which one is most interesting for you, but don't forget that the most important thing is to use this tool in a controlled manner.
This way, you can enjoy all the benefits of the card, but without compromising your finances.
Renting and saving money: where to invest?
Getting into the habit of saving is essential to controlling your finances and having more peace of mind when an unexpected event arises.
But in a scenario of high inflation, just saving is not enough. You also need to start investing!
If you leave your money in a savings account, you will lose purchasing power in the long term, as the returns on this investment are very low.
If you want to build up your emergency fund, you can leave your money in a digital account, such as Nubank and Picpay, for example.
After all, the yield on these accounts is higher than savings accounts and you can withdraw your money whenever you want.
Another option for building your emergency fund or saving money for short-term goals is the Tesouro Selic.
Other Treasury Direct bonds, the fixed-rate and the IPCA, also have high liquidity. However, if you invest in one of them, it is best to wait until the maturity date to withdraw the money.
Another safe fixed income investment that offers good profitability is the CDB (Bank Deposit Certificate).
If you don't intend to use the money saved any time soon, you can look for investments with less liquidity, such as LCI (Real Estate Credit Letter), LCA (Agribusiness Credit Letter) and LC (Bill of Exchange).
This way, you can even find applications that offer a higher return.
Conclusion
These are our tips for renting and saving money.
We hope that at least some of them can be useful to you and thus put into practice!
As you can see, saving money becomes much easier when you have motivation and specific goals, such as buying a car or your first home. However, planning and discipline are also essential in this process.
