2023-07-06 00:30:04
Organizing household bills is an impossible task for many. And the reason may not always be disorganization or lack of planning: the lack of resources to save and plan also limits the strategy of guaranteeing funds to make dreams come true and pay for emergencies.
This scenario is what Zetra noticed, a technology company from Minas Gerais that developed a system capable of promoting financial well-being through personal wages. According to a survey commissioned by the fintech and carried out with 800 professionals from public and private companies in all regions of Brazil, 58% of workers do not have enough resources to live during the month. There are more aggravating factors: 84% of the employees stated at the time that they did not have the resources to deal with a financial emergency that exceeded R$ 10,000.
Dealing with finances is indeed not easy. In this sense, the use of payroll loans can resolve some gaps and returning health to the family budget. Payroll, it is worth remembering, is a type of loan in which the installment is deducted from the payroll. This modality, precisely because it is a direct discount, is one of the operations with the lowest interest rates on the market.
“The contracting of payroll loans needs to be done responsibly. Planning and prioritizing spending is very important. So, when receiving the amount, you need to know that it has the right destination and lower interest rates. Thus, the accounts can be reestablished promptly”, points out Zetra’s financial educator, Andreza Stanoski.
But when is the time to take out a payroll loan?
Andreza points out that the model is an excellent option in case of needs, mainly due to the low interest rates. Also, it is valid when the installment fits in the pocket and does not compromise the budget too much at the end of a month.
“It’s still interesting when starting a business or renovating your home. This way, none of the necessary materials will be missing”, he points out.
The modality is also an option for those thinking about repaying debts whose interest is higher (credit card and overdraft) than the payroll, allowing to reduce the amount of interest paid.
On the other hand, payroll loans are not interesting, for example, when the money is destined to a third party, as a loan or for day-to-day purchases.
“In this case, you better review the budget and cut unnecessary expenses”, points out Andreza.
The educator also warns that the modality is not effective in applications.
“The interest on this loan, even though it is low, does not exceed the returns on conservative investments.
Advantages x disadvantages
Those who opt for payroll loans will pay less interest (compared to other types of personal credit loans), and those who owe money in the market can also borrow: due to automatic payment, the customer’s debt situation is irrelevant.
On the other hand, while long-term debt can be an advantage, it can also put borrowers in sticky situations.
“If you have the loan deducted from your salary every month, will you be able to balance it with other debts for a long period?”, asks the educator. For Andreza, financial education with a strong foundation translates into assertive decisions and well-made loans that are just necessary.
Source: communication engineering
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