What to do with 900 reais? Here are some suggestions
What to do with 900 reais? Is it possible to do so much with that amount?
Advertisements
Although for many it is an insignificant amount and does not amount to anything, for others it is possible to do more than expected.
For example, if a person received extra money or receives this money and lives with their parents and doesn't know how to use it, they will certainly fall into temptation and end up using it incorrectly.
However, it is possible to make this amount grow by putting some tips into practice.
In addition to changing your finances, you can help others by sharing these actions.
Read the text and find out more!
Pay your debts
After all, what to do with 900 reais?
The first thing you should do if you have R$900.00 left is to pay off your debts.
Therefore, if you have any debt, the first step to take is to pay it off. Debts are often our biggest enemy, but often it's our own fault.
Furthermore, they tend to have high interest rates, which can compromise your budget and financial health, leaving you stuck with them for a long time.
In other words, getting rid of debt will give you more peace of mind and freedom to plan your future, as well as opening up a range of options.
For people who have more than one debt, the ideal is to start with those with the highest interest rates.
However, if possible, negotiate with creditors to get a discount or a more favorable installment plan.
If you can pay off all your debts with R$1,400.00, congratulations! You've already taken a big step toward improving your financial situation.
What to do with 900 reais: Make an emergency fund
To For readers who don't have debt or have already paid it off, the next step is to build an emergency fund.
This tool consists of an amount of money that you should save to use in case of unforeseen events, such as:
- Illness;
- Accident;
- Resignation;
- Economic crisis.
An emergency fund serves to protect you from situations that could lead you to take on new debt or jeopardize your assets.
Ideally, the amount should be enough to cover your essential expenses for at least six months.
To calculate, add up all your fixed expenses, such as rent, water, electricity, internet, food, transportation, education, healthcare, among others.
For example, if you spend R$1,000.00 per month on these items, your emergency fund should be R$1,200.00.
Of course, you won't be able to save this amount all at once, but you can start with the R$$900.00 you have and gradually increase it, depending on your income and your planning.
The important thing is to have discipline and not use this money for purposes other than emergencies.
Additionally, you should keep your emergency fund in a safe, liquid and profitable investment, such as Selic Treasury, CDB or savings.
What to do with 900 reais: Invest in yourself
The next step is for those who already have an emergency fund, in which case, another smart way to use the R$$900.00 is to invest in yourself.
However, this doesn't mean spending the money in any way; you can, for example, invest in your education, qualifications, well-being, and health.
These are investments that can bring both personal and professional benefits, such as increasing your knowledge, your resume, your self-esteem, your productivity, and your income.
There are several ways to invest in yourself with R$900.00. As:
- Take an online course;
- Buy a book;
- Do therapy;
- Medical consultation;
- Physical activity;
- Take a trip.
The important thing is to choose something that brings you satisfaction, learning and growth.
Invest in your future
Finally, if you have already completed all the previous steps, you can use the R$900.00 to invest in your future.
Therefore, this means investing in something that can generate passive income, that is, income that does not depend on your work.
This way, you can increase your assets, realize your dreams and achieve financial independence.
There are several types of investments that can generate passive income, such as stocks, real estate funds, investment funds, among other options.
However, before choosing one of them, you should consider your investor profile, objectives, timeframe, and risk level.
Furthermore, you must study the market well, diversify your portfolio, and monitor the profitability of your investments.
Conclusion
As you have seen, there are several ways to use R$900.00 in an intelligent and advantageous way.
What you should do depends on your current financial situation and your future goals.
The most important thing is that you are aware of the value of your money and that you use it responsibly, with planning and a long-term vision.
This way, you can better take advantage of the opportunities that arise and build a healthier and more prosperous financial life.
Now that you've discovered what to do with 900 reais, Put these tips into practice and see your financial reality change for the better.
