When we talk about ways to save money probably the first thing that comes to mind is the savings. This is the most famous banking product and used by customers for several reasons; the first is by the ease, often you have this option enabled automatically in your account and the second is by the low investment risks, which will guarantee you low monthly income because there is no risk of devaluation.
On the other hand, savings should be seen as an investment form to make your money pay off once you clear all the debts and left over at the end of the month. Adela Quested, you should balance your finances to have a fund for emergencies, unexpected accounts and another part should be earmarked for investments to monetize your money.
How does it work to put your money into savings?
Understanding how to invest in savings is very simple, but there is a lot of information that few people know about such things as: investing properly in savings, managing the account, a better day to deposit money, how to plan withdrawals and income.
To facilitate understanding, we have selected 7 practical tips on how to invest in savings. Let’s go to them!
1. Investing in savings is simple and without red tape
IOF (for personal and non-profit corporations), with no limits on deposits. And on the other hand, there are two factors that can bring peace of mind to the investor: deposits are remunerated by the TR (Reference Rate) accumulating monthly interest for PF and quarterly for PJ and the best applications up to R $ 250,000 are guaranteed by the FGC. Credits).
2. Scrubs can be carried out (almost) at any time
You can make withdrawals on savings at any time, but be aware of the anniversary date (when the investment was made). In practice this means that if you invested any amount on the 1st business day of the month, the income credit will be calculated on the 1st business day of subsequent months and so on. Cash withdrawals on dates less than the anniversary of the account will not have the yields calculated and their profitability may be void if cash withdrawals have been made in this period.
3. Free services for account holders in the savings account
Just like the common bank accounts there are baskets of services for those who have savings, with the difference that the services are free and without monthly charges. The services included depend on your bank, but usually are: card for movement, 2 withdrawals per month in the boxes or terminals of self-service, 2 transfers to deposit accounts of the same ownership, 2 extracts for consultations and annual consolidated statement.
4. Plan your finances to save more
Understood about the rules and how it works to invest in savings is the right time to know what you will do and save your savings. Plot your goals to reduce expenses and bills. Set aside a date in the month to make the applications, the routine on the anniversary date of the savings will make it easier for you to know when you can make any withdrawals, should they be needed.
5. Reserve 10% of your income
Financial experts argue that reserving 10 percent of your income to apply for savings is the minimum recommended. Of course at the beginning you will make smaller value applications and until there will be other expenses will be priorities. But be sure to follow the routine of choosing a date and applying 10% (or as many as you can) of your savings income.
6. Protect yourself from the unexpected
The idea of having a savings is that the proceeds can be used for planned purchases well in advance, such as a car, home or international travel. However, it is very important that you have emergency funds in your checking account for any emergencies, such as repair of your vehicle, medical expenses or other items that may prevent you from reserving the 10% to be applied to the savings.
7. Diversify your investments to increase profits
As we mentioned before, saving is arguably the safest and most used medium for people when it comes to saving without risk, but their incomes are extremely low. There are other options with similar risk margins, which can be considered in addition to their savings applications, which are Treasury Direct, DI Fund or CDB.
Is investing in savings always a good option?
Savings are a good option for those who do not want to take risks and have a guaranteed minimum profitability. However, if the savings amount is 3 times higher than your monthly income or salary, consider investing the rest of the amount in investment funds, such as DI Fund, CDB or Direct Treasury. They are also safe and yield more than the book. See the details and specificities of each one below:
DI funds: It is a good option for you to be afraid of investing in stocks, which tend to fluctuate a lot and have abrupt declines. DI funds are investments in securities that tend to track interest rates because they are based on SELIC and CDI rates. They present greater solidity and daily liquidity, which allows the withdrawal to be carried out at any time.
Bond issued by banks to finance their own credit activities
CDB (Certificate of Deposit) is a bond issued by banks to finance their own credit activities. So by opting for the CDB you are lending money to the bank in exchange for a daily return. However, some banks require a grace period and for these cases the return is more interesting.
Direct Treasury: This is a program for trading public securities for individuals conducted through the internet. This is an investment option in the same way as savings, low return investment and insurance because public bonds are considered the lowest risk assets in the national economy. The investment values are from R $ 30 reais, you must have a bank account and register with a brokerage firm.
Now that you know the advantages of saving, we explain that the DI Fund, CDB and Treasury Direct are also safe investment options for anyone with little or on the red tape. Search for the snake rates and the incomes of each in your trust bank, then tell us about your experiences here. Or if you already have any of these investments count the results. Leave us a comment!