Recently, the topic of "retaliatory consumption after the epidemic" has been widely circulated. The epidemic has affected women's views on financial management. Only 4.3% of the respondents chose "retaliatory consumption after the epidemic." 46.5% of women chose “The epidemic has made me realize that I need to work harder to save money.”

During the epidemic, many ordinary people have deeply experienced the panic of running out of money. Saving some money is really important!

Some people say, don’t we all know how to keep saving money? After all, you can’t always live alone. Of course, you need to save money all the time, including money to buy a house, money for children to go to school, money for your own retirement... But are you really saving money correctly? How much can you save every month? How many years does it take to save enough for a down payment on a house?

1. The first condition for successfully saving money is to insist on planning

Many people take it for granted that saving money does not require planning, as long as you don’t spend money randomly, keep accounts, and Just put a little more in the bank. Actually this is wrong. To be able to save money, you must have a plan. Before planning, you must first understand:

1. What is your monthly income.

2. How much are your monthly expenses.

3. What kind of balance rate do you want to get?

4. How can the remaining money continue to generate value.

For 1 and 2, it is mainly to help us grasp the trend of our own cash flow, so that we have a good idea before planning, and then make a reliable budget. What needs to be noted here is that in the second item of expenditure, you must spend money wisely. On the premise of keeping good records, try not to spend unnecessary money. Many of my friends make a lot of money, but they can't save money because they don't know how much money they spend. How can we control lavish spending? Here we can talk about this 3.

Regarding 3, what many people understand is that if I earn 100 a month and spend 80, I will get a balance rate of 20%. Here I advocate the opposite approach, that is, first estimate your own balance rate, and then save the money to be left. This money will not be used for anything, and the remaining money will be consumed and spent.

For example, I earn 10,000 yuan a month, excluding the necessary expenses of food, clothing, housing and transportation of 6,000 yuan, leaving myself 1,000 yuan of flexible funds every month, hoping that I can leave 30%. Then use this goal as a guide. After your salary is paid every month, first save 3,000 yuan to ensure that the target balance rate is achieved, and the remaining money is disposable money. This way you can always have a sense of purpose and avoid spending more and more just because you can’t control yourself.

For 4, it is the highlight of the money saving plan: let the money continue to make money. If you earn 100,000 per year and have a balance rate of 30%, then you can save 30,000 this year, 30,000 next year, and 60,000 in two years? Then it fails. This year's 30,000 has more value of its own. Let it turn into a larger amount next year and your savings will truly have meaning: that is, the time value of money. Everyone understands the amazing power of compound interest. If you do this step of making money, you will save money faster and your life will change even more. Let’s talk in detail below about how to persist in making money.

2. The secret to saving money faster is to adhere to your own investment discipline

If you want to make money faster, you must strive for a higher return on investment. You will definitely say: Of course I know that the higher the investment income, the faster you can save money. The question is how to obtain higher investment income? In fact, if you want to obtain a higher rate of return, you do not mean to "take advantage" of the good market overnight, but to adhere to your own investment discipline and master the correct methods. If you persist, you will definitely have successful results.

The correct method and investment discipline should be as follows:

1. Based on your own liquidity needs and your own risk tolerance as the bottom line, choose appropriate investment products and investments method.

2. Choose diversified investment varieties, allocate assets, and diversify overall risks.

3. For high-risk investment products (such as stocks, funds), fixed investment is preferred.

3. Persistence in saving money also requires continuous learning and regular review

Having said so much above, I wonder if you still think it is easy to persist in saving money. In fact, if you want to make persistence more meaningful and make saving money more fun, you cannot do without continuous learning and regular review.

1. Continue to learn and continuously improve your ability to save money and manage money.

Social development has always been inseparable from financial innovation, and the constant emergence of new financial products will help us open doors to wealth. When you are 20 years old, you may focus on bank financial management. In a few years, you may try paper gold and convertible bonds to put your family assets on the fast track of continuous growth. When you are more mature, you may be able to play with trusts, futures, The artwork is also unknown. In short, persisting in saving money is actually a process of encouraging yourself to continue learning. This is the meaning of persistence.

2. Regularly review and make summaries to make your savings plan more reasonable.

In short, persisting in saving money is not only a good habit, but also a self-disciplined attitude towards life.

For most families, facing various pressures in today's society, many people may not be able to have a large balance of money, and most of the time they will even be in debt. Today's mortgage, car loan and other pressures are still relatively high. If these problems can be well alleviated, then it will be easier to save 100,000 a year.

Comprehensive from: Fund Bean, Planning Master, Sino-Singapore Jingwei

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