Basic situation: the couple two university degrees per capita, a stable job. With private housing, and a 150,000 yuan mortgage. Chu in private companies, monthly salary of 3,000 yuan, state-owned enterprises Mrs. Zhu, a monthly salary of 2,500 yuan. Baby just born a month, hire a nanny.
Financial management experience: no other income and investment.
Financial requirements: financial considerations from what?
As a working-class family of three, financial planning must consider the comparatively well-Caixing. This family college level of education than married couples, the main source of income is wages, the city of Shijiazhuang current situation, the expenditure is mainly a few large pieces: the daily life of ordinary expenses, the baby’s milk powder and other expenses, the nanny’s wages, but also mortgage. This young family can try the following considerations from the financial
One additional family support functions. Despite the relative stability of the current work of the couple, they bought the company for pension and medical insurance, endowment insurance policies in accordance with the present, estimates of future pension after retirement I am afraid to eat just enough to really old age security, have to consider appropriate to add the most basic business insurance coverage: for example, critical illness insurance, life insurance (mandatory savings function), personal accident insurance and other varieties. Modern often say a word “death shall not sick,” not only possible once the students were sick of coverage may also face the risk of unemployment, etc., while the insurance risk of major diseases somewhat protected; life is equivalent to the mandatory savings, can also increase in an income after retirement; personal accident insurance is a case of an incident to the family at least provide some financial security.
Second, children insurance. At present the major insurance companies have introduced a variety of child insurance, according to its own financial resources appropriate choice. But the baby in the future of education spending is probably the biggest investment, so the baby is born after the first thing to consider is to set up an education fund. In addition to considering the insurance education insurance company launched the baby, but also can be considered to extract from the monthly income of some of the money for the baby Education Fund, a special stand-alone financial account to fund management. After the situation can also be based on income the appropriate ratio of investment to improve education funds, earmarking. These funds can also invest in money market funds on a monthly basis, accumulate integer lump sum investments after the show to do, of course, this investment must be more prudent for the job such as: bonds products, not the pursuit of high returns, but catch up with inflation rate and the rate of tuition increases.
Three, cut costs, classification of investments. A person’s spending and expenses of a family is completely different, relatively speaking, a family’s cost of living is lower than the cost of a person’s life, which is why many of the same income or single for many years no less than what save money Once, after a family can easily save up reasons. If the arrangement is reasonable, to remove the mortgage, children’s education, insurance, and other daily living expenses, but also there should be some savings in fishes, these savings can be placed on the bank account for automatic current financial management, these funds can be used as family travel, thanks to pro-spending friends, but also can be used as emergency funds, if it reaches a certain amount can be changed on a regular basis to consider the relative stability or for other investments. In addition, people habitually think that real estate is the most store of value of investment products, you can always concerned, if there is enough spare money market conditions are good, you can consider buying second-hand in order to get a stable rental income. As for the stocks and other risky investments in larger, in the current market conditions, it would be best not to intervene, of course, if you can make some extra money on hand to try.
Editor: Little Canadarelated to hot words: cut expenditure and investment in financial planning
Posted in 
Tags: 
