economic, Leo PiccioliHe spoke with Canal E and explained why individual financial planning is directly similar to the country’s public accounts.
Leo Piccioli began with a comparison between the local economy and the country’s overall economy: “Saving personally, It is the freedom of the futureHe developed the concept on the basis of the relationship between spending, saving and debt: “When you have income, you spend; What is current freedom? And you save It is the freedom of the future“.
The difference between expenses and surplus
As it has developed, the same is true at the national level: “When a country runs a deficit, it spends, but in the future it gets deeper into debt, You are risking your future“On the contrary, when a surplus is maintained, the dynamics change: “On the other hand, if you save, if you have a surplus, They have freedom for the future“.
Piccioli used the case of Argentina to explain the importance of the financial system: “What they do is they refinance bad debt; Which makes it a little betterLikewise, he drew an analogy to an everyday situation: “A person who has credit card debt, You end up paying 100% of the financial cost“.
The importance of credits
In a similar vein, he emphasized the role of consolidation loans: “They give you the money, you pay off the cards and you start paying monthly fees for one, two or three years.” To settle those debtsHe pointed out that this mechanism is beneficial to both parties: because it is convenient for the bank, It is not appropriate for you to pay ridiculous fees“The same thing happens with Argentina.”
Consumer defaults have reached record levels, and in this context, the interviewee commented: “They still don’t have a lot of advertising, there should be more,” It is a healthier policy in healthier economies“.
At the same time, he pointed out that there are parties that already offer these loans as an alternative to exit: “There are two or three banks that I know reliably, and perhaps there are more who offer them.” But it was a cultural difference regarding the financial system: “The idea of organizing your finances doesn’t sell much. In other words, what sells There is a 25% discount in the supermarket every Tuesday at 5am“.