Reserva de emergência para endividados: como fazer

Patricia Lages - Dicas de Economia

2 Sept 202117:02

Summary

TLDRIn this video, Patricia Lages, author of five best-sellers on personal finance and entrepreneurship, explains how to build an emergency fund even while in debt. She provides a step-by-step guide on how to list debts, budget monthly payments, and simultaneously save for an emergency fund. Using a simple example, she demonstrates how to plan debt repayment while allocating a portion of your budget to savings. By following this method, you can pay off debts and build an emergency fund within a specified timeframe, ultimately achieving financial stability.

Takeaways

💡 It's possible to build an emergency fund even if you're in debt.
📅 Plan and schedule the month you will finish paying off your debts.
📝 An emergency fund should cover six months of your living expenses.
💵 First, calculate your total monthly expenses to set your emergency fund goal.
💰 List all your debts and their total amount to start planning repayments.
🔍 Determine how much you can allocate monthly towards debt repayment.
⚖️ Negotiate with creditors to structure your debt repayments within your budget.
📊 Use a spreadsheet or simple chart to track debt repayments and savings simultaneously.
🔒 While paying off debts, also start saving a smaller amount towards your emergency fund.
🎯 After debts are paid off, continue saving to reach your full emergency fund goal.

Q & A

Who is the speaker in the video?
-The speaker in the video is Patricia Lages, an author of five best-sellers on personal finance and entrepreneurship.
What is the main topic of the video?
-The main topic of the video is how to build an emergency fund even if you are in debt.
Why does Patricia emphasize starting an emergency fund even while in debt?
-Patricia emphasizes starting an emergency fund while in debt because waiting until all debts are paid off could leave you unprepared for unexpected expenses, perpetuating the cycle of debt.
What is the first step in creating an emergency fund according to Patricia?
-The first step is to calculate six months' worth of living expenses, which will be the target amount for the emergency fund.
How does Patricia suggest managing debt payments while saving for an emergency fund?
-Patricia suggests listing all debts, setting a date to be debt-free, and then allocating a portion of the monthly budget to both debt repayment and emergency fund savings.
What example does Patricia use to illustrate the process?
-Patricia uses an example of a person with monthly expenses of 1,000 reais and debts totaling 2,100 reais. She demonstrates how to allocate 400 reais per month, with 300 reais going towards debt repayment and 100 reais towards the emergency fund.
What strategy does Patricia recommend when negotiating with creditors?
-Patricia recommends negotiating the terms of repayment to fit within your budget, focusing on extending the repayment period if necessary to keep monthly payments manageable.
How does Patricia handle the potential addition of interest during debt negotiations?
-Patricia acknowledges that creditors might add interest but suggests planning for this and negotiating to keep monthly payments within the predetermined budget.
How does Patricia suggest tracking debt repayment and savings progress?
-Patricia suggests creating a simple, handwritten plan or using a spreadsheet to track monthly payments and savings, ensuring you stay on course.
What is the ultimate goal of following Patricia's method over 12 months?
-The ultimate goal is to pay off all debts within 12 months while simultaneously saving a portion of your income, resulting in a significant start towards an emergency fund.
How does Patricia address the possibility of new unforeseen expenses during the debt repayment and savings period?
-Patricia advises using the emergency fund for unforeseen expenses during this period to avoid incurring new debts.
What should be the next step after paying off all debts according to Patricia?
-After paying off all debts, Patricia suggests continuing to save the same amount previously allocated for debt repayment to fully fund the emergency reserve.

Outlines

00:00

💡 How to Build an Emergency Fund While in Debt

Patricia Lages introduces the concept of building an emergency fund even when you're in debt. She emphasizes that one shouldn't wait until all debts are paid off to start saving. Instead, she proposes a method where you can simultaneously manage debt repayments and build an emergency fund. She outlines the goal of having six months' worth of living expenses saved up and explains how to calculate this amount. The example given is if your monthly living cost is 1,000 reais, you should aim to save 6,000 reais as your emergency fund.

05:01

📊 Assessing Your Debts and Budgeting

Patricia advises listing all your debts to get a clear picture of what you owe. In the example, the total debt amounts to 2,100 reais. She then explains the importance of budgeting, highlighting the need to determine how much you can allocate monthly towards debt repayment. For instance, if you can spare 400 reais per month, you should allocate 300 reais towards debt and 100 reais towards your emergency fund. She provides an example budget to illustrate this approach.

10:02

📅 Negotiating with Creditors and Planning Payments

Patricia explains the importance of negotiating with creditors to manage debt repayments within your budget. She uses an example where debts are divided into manageable monthly payments, emphasizing that if creditors add interest, you might need to extend the repayment period to keep monthly payments within your budget. She demonstrates how to handle three different debts and suggests negotiating terms with each creditor to achieve the best possible repayment plan.

15:03

📈 Creating a Debt Repayment and Savings Plan

Patricia provides a detailed example of how to create a debt repayment and savings plan over 12 months. She shows how to allocate 292 reais per month towards debt and 108 reais towards the emergency fund for the first seven months. After that, as debts are paid off, the amount allocated towards savings increases. By the end of the 12 months, you would have paid off all debts and saved 1,946 reais. She emphasizes the importance of sticking to the plan and avoiding new debts during this period.

🏁 Achieving Your Financial Goals

Patricia concludes by encouraging viewers to follow the step-by-step plan to pay off debts and build an emergency fund. She reiterates that it is possible to achieve these financial goals within 22 months if one remains disciplined and avoids new debts. She suggests rewatching the video and using a simple, handmade spreadsheet to track progress. Finally, she invites viewers to watch other videos on her channel for more financial tips.

Mindmap

Keywords

💡Emergency Fund

An emergency fund is a savings account set aside to cover unexpected expenses or financial emergencies. In the video, Patricia Lages emphasizes the importance of building an emergency fund even while paying off debts. She suggests aiming for a fund that covers six months of living expenses.

💡Debt

Debt refers to money owed by one party to another. Patricia discusses how to manage and pay off debts while simultaneously saving for an emergency fund. She provides a step-by-step plan to list debts, negotiate with creditors, and allocate budget for repayment and savings.

💡Budgeting

Budgeting is the process of creating a plan to spend your money. This plan allows you to determine in advance whether you have enough money to do the things you need or want to do. Patricia illustrates how to create a budget that includes debt repayment and saving for an emergency fund.

💡Financial Planning

Financial planning involves setting long-term financial goals and creating a plan to achieve them. Patricia's video focuses on planning to pay off debts and build an emergency fund simultaneously, stressing the importance of having a clear financial strategy.

💡Living Expenses

Living expenses are the costs necessary for maintaining a certain standard of living. Patricia advises calculating six months' worth of living expenses to determine the target amount for an emergency fund. She uses the example of a monthly cost of 1,000 reais to illustrate this point.

💡Negotiation with Creditors

Negotiation with creditors involves discussing terms with lenders to potentially reduce interest rates or extend payment periods. Patricia encourages negotiating with creditors to manage debt repayment more effectively within one's budget.

💡Interest Rates

Interest rates are the cost of borrowing money, typically expressed as a percentage of the amount borrowed. Patricia explains that while negotiating with creditors, one might encounter interest rates, and it's crucial to factor these into the repayment plan.

💡Monthly Installments

Monthly installments are regular payments made to repay a debt. Patricia's plan involves breaking down debt into manageable monthly installments, which should fit within the allocated budget for debt repayment.

💡Saving

Saving refers to setting aside money for future use. Patricia highlights the importance of saving a portion of income for an emergency fund even while repaying debts. She suggests a conservative approach by saving smaller amounts initially and increasing savings as debts are paid off.

💡Financial Discipline

Financial discipline involves managing finances responsibly, adhering to a budget, and making informed financial decisions. Patricia emphasizes the need for financial discipline to simultaneously pay off debts and build an emergency fund without incurring new debts.

Highlights

Introduction to the concept of an emergency fund, even when in debt.

Patricia Lages, an author of five best-sellers on personal finance and entrepreneurship, explains the process.

Importance of starting an emergency fund while still paying off debt.

Emergency fund goal: six months of living expenses.

Step-by-step process to list all monthly expenses and calculate the total.

Example scenario: a monthly cost of living of 1,000 reais requires an emergency fund of 6,000 reais.

Strategy for listing all debts and planning their repayment.

Example of three debts totaling 2,100 reais.

Planning a budget: allocating 400 reais per month, with 300 reais for debt repayment and 100 reais for the emergency fund.

Negotiating with creditors to establish manageable repayment terms.

Example of repaying a 900 reais debt in seven installments of 128.57 reais.

Adjusting repayment terms if creditors charge interest.

Maintaining a budget where debt payments and emergency savings fit within 400 reais per month.

Planning repayments over different periods, like 12 months for larger debts.

Visual example of a monthly repayment and savings plan, including increasing emergency fund contributions as debts decrease.

Outcome after one year: nearly 2,000 reais saved in the emergency fund.

Importance of not incurring new debts during the repayment and saving period.

Continuing to save towards the six-month emergency fund goal after debts are paid off.

Practical application: using a simple handwritten chart to track progress.

Encouragement to rewatch the video and follow the steps to achieve debt repayment and emergency savings.

Final goal: being debt-free and having a fully funded emergency fund within 22 months.