According to different living conditions at each stage of life, we have different financial management needs at each stage. We should make financial planning for each period of life while effectively avoiding the risks of financial management activities.

In different stages of life, except for children and students who can rely on their parents to ensure food and clothing, and grow up happily, adults need to plan for themselves at other stages. Financial management is a means of accumulating wealth. If you don’t manage your finances, your money will not care about you. A year's plan begins in spring, and a year's financial planning certainly needs to be formulated in the first season. How to make a good financial plan for yourself and your family in 2008? I believe investors have already drawn up their financial blueprint for this year. In fact, according to different living conditions at each stage of life, we have different financial management needs at each stage. We should make financial planning for each period of life while effectively avoiding the risks of financial management activities. Below, we will divide it into 5 different periods and ask experts to analyze the key points of financial management at different stages and give suggestions. Single people: need to say goodbye to "moonlight". Moonlight people are basically concentrated in this group of people. The problem that needs to be solved urgently is "no money". They have countless ideals and wishes in their hearts but cannot realize them because of their lack of money. Living expenses take up most of the income. What needs to be considered at this stage is future expenses. Money is used in many places: wedding expenses, house purchase expenses, car purchase expenses, children’s education funds, illness expenses, living expenses after retirement, etc. . Focus on financial management: Zhao Weisong, assistant president of Everbright Bank Fucheng Road Branch and international financial planner, pointed out that people at this stage have more radical financial management practices. During this period, I do not have much family burdens and I am full of energy because I need to accumulate funds for my future family. Therefore, the focus of financial management is to work hard to find a high-paying job or continue to study and train to lay a solid foundation. You can use part of your savings to make high-risk investments in order to learn experience in investment and financial management. Regular fixed investment is a good way to invest because there are very few funds for investment during this period. Fixed investment stock funds can participate in stock investment with the minimum amount of capital. Xin Lu, financial manager of Deshengmen Branch of Shenzhen Development Bank, suggested that since the burden is lighter at this stage and the premiums for young people are relatively low, they can buy a consumer accident insurance for themselves to reduce the loss of income or increase in burden due to accidents. . -Investment advice: You can invest 10%-20% of your income in financial products such as stocks and funds with high risks and high long-term returns. Fixed investment is the best way to invest; use 5%-10% of your income to buy yourself an accident insurance . Try not to be a "money earner" and save 15%-30% of your income for long-term financial planning. -Financial priorities: Financial saving plan → Asset appreciation plan → Emergency fund → House purchase. Young couple: need cash flow support (no children). At this stage, the total family assets are higher than before, and personal expenses are less than before. At this stage, a big problem in life must be solved - the housing problem. Liu Hao, a financial planner at the Nanjing Branch of China Minsheng Bank, said that at this stage, buying a house requires repayment of the loan and requires cash flow to support it. Therefore, the focus of financial management at this stage should be on rationally arranging household construction expenses, increasing the proportion of savings, and not using all savings for higher-risk investments. Financial management focus: This period is the peak period of household consumption. Although economic income has increased and life has become more stable, the monthly mortgage loan repayments after purchasing a house at this time will bring some financial pressure to the family, which requires sufficient cash flow to deal with it. . After accumulating, you can choose two parts of investment. One part is a more radical financial management tool and is invested in the capital market in order to obtain higher returns. The other part is invested in stable financial products and used as cash flow to repay the mortgage. -Investment advice Experts suggest that you can invest 50% of your disposable income in stocks or growth funds, and 50% in stable investment products, such as bond funds or bank financial products that sell new stocks. Partial current savings can also be made based on personal preference. At this stage, each person needs to buy a life insurance policy. If one person dies unexpectedly, the insured amount can be used to cover future loans and reduce life stress. -Financial management priorities: purchase a house → purchase hardware → financial saving plan → emergency fund. (After the child is born) This stage must be considered more comprehensively. In addition to continuing to repay the mortgage, the child has entered the world. Parents must consider the educational expenses from the birth of the child to the graduation of college. The largest expense for the family is the education expenses of the children. Moreover, this part of expenditure is rigid and cannot be omitted or reduced. Financial management focus: The largest household expense is children’s education expenses, so increase the proportion of steady investments or fixed-return investments. However, as their children's ability to take care of themselves increases, parents can make appropriate adjustments in investment based on experience, such as making venture investments. When purchasing insurance, you should focus on education funds, parents’ own protection, etc. -Investment recommendation: 60% of disposable income should be invested in fixed-income financial products, such as bond funds, IPO bank financial products, etc., in order to obtain long-term stable returns to meet children’s education expenses; 20%-30% of assets should be invested in a more radical way varieties, such as stock funds, foreign exchange or futures, etc.; about 20% is invested in risk-free monetary funds or bank savings to prepare for family emergencies.

Xin Lu, financial manager of Deshengmen Branch of Shenzhen Development Bank, said that in terms of insurance, you should continue to buy life insurance, and then buy an education insurance for your children to prepare for the education expenses after school. For bank financial products, you can choose "education insurance". This kind of deposit can save up to 20,000 yuan per person per year, and no tax is deducted. -Financial priorities: children’s education planning → asset appreciation management → emergency funds. Family of three: Consider children’s education planning (children are not yet independent) [Tips] Consider risks before investing. Understanding risks is the key to the financial management process. Before we invest, it is necessary to calculate our ability to bear risks. Because everyone has a certain limit when it comes to taking risks. Beyond this limit, risks will become burdens or pressures, which may cause harm to our psychology, health, work and even family life. In 2008, different financial management methods have opportunities to make profits. As long as you formulate corresponding financial management plans according to your own characteristics, I believe you will achieve good results in 2008. Middle-aged couples (children are independent) This stage is the golden stage of life and finance. It is the peak period in terms of career and income. There is no burden on the family, the children are independent, and they do not have much expenses. Generally, households tend to be conservative when investing at this stage. Zhao Weisong, assistant to the president of Everbright Bank Fucheng Road Branch and an international financial planner, said that this stage can be slightly more aggressive because the ability to resist risks is strongest at this stage. Financial management focus: This period is most suitable for accumulating wealth, and financial management should focus on expanding investments. Therefore, when choosing investment tools, you can broaden the scope and not just focus on the capital market, but also include collections, investment in the gold market, etc. In addition, a pension fund must be saved, and this money is immovable to plan for life after retirement. -Investment advice Experts said that there is no fixed allocation ratio for investment in this period, and investment in this period is more free compared to the previous stages. Xin Lu, financial manager of Deshengmen Branch of Shenzhen Development Bank, analyzed that people in this age group prefer to save money and are suitable for investing in long-term funds. Hybrid funds and bond funds are good choices. But as retirement age approaches, the proportion used for risky investments should gradually decrease. In terms of insurance demand, we should gradually focus on pension and critical illness insurance. -Financial priorities: Asset appreciation management → Pension planning → Emergency fund. The problem that retired couples face after retirement is that their income is much lower than before, and they don’t have much expenses. Daily living expenses account for a large part of the expenses, as well as part of medical expenses and travel expenses. The purpose of financial management at this stage is to spend your old age peacefully, and a relatively conservative investment approach should be adopted. Zhao Weisong, assistant president of Everbright Bank Fucheng Road Branch and an international financial planner, analyzed that now a large proportion of elderly people participate in high-risk investments, mainly because capital market financial management has suddenly become popular since 2006, and investors believe that they will lose money if they do not participate. It is very big, so the elderly with certain savings have also joined the high-risk financial management army. Financial experts analyze that this is mainly caused by the herd mentality and poses a great risk to retired elderly people. Key points in financial management: The purpose should be to spend your old age peacefully. Investment and spending are usually conservative. Physical and mental health are the most important. At this time, it is necessary to reduce high-risk investments and focus on fixed-income investments. -Investment advice: Invest 10% of the investable capital in stocks or stock funds; invest 80%-90% in fixed income assets. Abroad, many elderly people gradually sell their properties to meet their expenses, but this method is relatively rare in China. For families with relatively rich assets, legal tax-saving methods can be used to effectively hand over the property to the next generation. In terms of insurance, this stage is the time to enjoy the benefits of insurance. There is no need to add new insurance. You can consider buying child insurance for your grandchildren. -Financial priorities: retirement planning → estate planning → emergency funds. Securities is a broad concept. When you mention securities, you cannot only think of stocks, a high-risk investment variety, and thus exclude yourself from the door of the securities market. You must know that securities also include bonds and funds. Moreover, insurance companies, banks, institutions, social security funds, and even the personal social security accounts of working-class people in the future will all use the working-class people’s money to invest in various securities. Of course, the institutions will make the lion’s share of the profits. No matter whether they win or lose, they will Everyone can withdraw a fixed management fee according to the "size of the capital", but all the risks of losses have to be borne by the working class, so even if you invest nothing, you cannot completely avoid risks. We can foresee that bank deposits will also have certain risks in the future, which is an inevitable result of China's financial industry reform. According to different living conditions at each stage of life, we have different financial management needs at each stage. We should make financial planning for each period of life while effectively avoiding the risks of financial management activities.

In different stages of life, except for children and students who can rely on their parents to ensure food and clothing, and grow up happily, adults need to plan for themselves at other stages. Financial management is a means of accumulating wealth. If you don’t manage your finances, your money will not care about you. A year's plan begins in spring, and a year's financial planning certainly needs to be formulated in the first season. How to make a good financial plan for yourself and your family in 2008? I believe investors have already drawn up their financial blueprint for this year. In fact, according to different living conditions at each stage of life, we have different financial management needs at each stage. We should make financial planning for each period of life while effectively avoiding the risks of financial management activities.

Below, we will divide it into 5 different periods and ask experts to analyze the key points of financial management at different stages and give suggestions. Single people: need to say goodbye to "moonlight". Moonlight people are basically concentrated in this group of people. The problem that needs to be solved urgently is "no money". They have countless ideals and wishes in their hearts but cannot realize them because of their lack of money. Living expenses take up most of the income. What needs to be considered at this stage is future expenses. Money is used in many places: wedding expenses, house purchase expenses, car purchase expenses, children’s education funds, illness expenses, living expenses after retirement, etc. . Focus on financial management: Zhao Weisong, assistant president of Everbright Bank Fucheng Road Branch and international financial planner, pointed out that people at this stage have more radical financial management practices. During this period, I do not have much family burdens and I am full of energy because I need to accumulate funds for my future family. Therefore, the focus of financial management is to work hard to find a high-paying job or continue to study and train to lay a solid foundation. You can use part of your savings to make high-risk investments in order to learn experience in investment and financial management. Regular fixed investment is a good way to invest because there are very few funds for investment during this period. Fixed investment stock funds can participate in stock investment with the minimum amount of capital. Xin Lu, financial manager of Deshengmen Branch of Shenzhen Development Bank, suggested that since the burden is lighter at this stage and the premiums for young people are relatively low, they can buy a consumer accident insurance for themselves to reduce the loss of income or increase in burden due to accidents. . -Investment advice: You can invest 10%-20% of your income in financial products such as stocks and funds with high risks and high long-term returns. Fixed investment is the best way to invest; use 5%-10% of your income to buy yourself an accident insurance . Try not to be a "money earner" and save 15%-30% of your income for long-term financial planning. -Financial priorities: Financial saving plan → Asset appreciation plan → Emergency fund → House purchase. Young couple: need cash flow support (no children). At this stage, the total family assets are higher than before, and personal expenses are less than before. At this stage, a big problem in life must be solved - the housing problem. Liu Hao, a financial planner at the Nanjing Branch of China Minsheng Bank, said that at this stage, buying a house requires repayment of the loan and requires cash flow to support it. Therefore, the focus of financial management at this stage should be on rationally arranging household construction expenses, increasing the proportion of savings, and not using all savings for higher-risk investments. Financial management focus: This period is the peak period of household consumption. Although economic income has increased and life has become more stable, the monthly mortgage loan repayments after purchasing a house at this time will bring some financial pressure to the family, which requires sufficient cash flow to deal with it. . After accumulating, you can choose two parts of investment. One part is a more radical financial management tool and is invested in the capital market in order to obtain higher returns. The other part is invested in stable financial products and used as cash flow to repay the mortgage. -Investment advice Experts suggest that you can invest 50% of your disposable income in stocks or growth funds, and 50% in stable investment products, such as bond funds or bank financial products that sell new stocks. Partial current savings can also be made based on personal preference. At this stage, each person needs to buy a life insurance policy. If one person dies unexpectedly, the insured amount can be used to cover future loans and reduce life stress. -Financial management priorities: purchase a house → purchase hardware → financial saving plan → emergency fund. (After the child is born) This stage must be considered more comprehensively. In addition to continuing to repay the mortgage, the child has entered the world. Parents must consider the educational expenses from the birth of the child to the graduation of college. The largest expense for the family is the education expenses of the children. Moreover, this part of expenditure is rigid and cannot be omitted or reduced. Financial management focus: The largest household expense is children’s education expenses, so increase the proportion of steady investments or fixed-return investments. However, as their children's ability to take care of themselves increases, parents can make appropriate adjustments in investment based on experience, such as making venture investments. When purchasing insurance, you should focus on education funds, parents’ own protection, etc. -Investment recommendation: 60% of disposable income should be invested in fixed-income financial products, such as bond funds, IPO bank financial products, etc., in order to obtain long-term stable returns to meet children’s education expenses; 20%-30% of assets should be invested in a more radical way varieties, such as stock funds, foreign exchange or futures, etc.; about 20% is invested in risk-free monetary funds or bank savings to prepare for family emergencies. Xin Lu, financial manager of Deshengmen Branch of Shenzhen Development Bank, said that in terms of insurance, you should continue to buy life insurance, and then buy an education insurance for your children to prepare for the education expenses after school. For bank financial products, you can choose "education insurance". This kind of deposit can save up to 20,000 yuan per person per year, and no tax is deducted. -Financial priorities: children’s education planning → asset appreciation management → emergency funds. Family of three: Consider children’s education planning (children are not yet independent) [Tips] Consider risks before investing. Understanding risks is the key to the financial management process. Before we invest, it is necessary to calculate our ability to bear risks. Because everyone has a certain limit when it comes to taking risks. Beyond this limit, risks will become burdens or pressures, which may cause harm to our psychology, health, work and even family life. In 2008, different financial management methods have opportunities to make profits. As long as you formulate corresponding financial management plans according to your own characteristics, I believe you will achieve good results in 2008. Middle-aged couples (children are independent) This stage is the golden stage of life and finance. It is the peak period in terms of career and income. There is no burden on the family, the children are independent, and they do not have much expenses.

Generally, households tend to be conservative when investing at this stage. Zhao Weisong, assistant to the president of Everbright Bank Fucheng Road Branch and an international financial planner, said that this stage can be slightly more aggressive because the ability to resist risks is strongest at this time. Financial management focus: This period is most suitable for accumulating wealth, and financial management should focus on expanding investment. Therefore, when choosing investment tools, you can broaden the scope and not just focus on the capital market, but also include collections, investment in the gold market, etc. In addition, a pension fund must be saved, and this money is immovable to plan for life after retirement. -Investment advice Experts said that there is no fixed allocation ratio for investment in this period, and investment in this period is more free compared to the previous stages. Xin Lu, financial manager of Deshengmen Branch of Shenzhen Development Bank, analyzed that people in this age group prefer to save money and are suitable for investing in long-term funds. Hybrid funds and bond funds are good choices. But as retirement age approaches, the proportion used for risky investments should gradually decrease. In terms of insurance demand, we should gradually focus on pension and critical illness insurance. -Financial priorities: Asset appreciation management → Pension planning → Emergency fund. The problem that retired couples face after retirement is that their income is much lower than before, and they don’t have much expenses. Daily living expenses account for a large part of the expenses, as well as part of medical expenses and travel expenses. The purpose of financial management at this stage is to spend your old age peacefully, and a relatively conservative investment approach should be adopted. Zhao Weisong, assistant president of Everbright Bank Fucheng Road Branch and an international financial planner, analyzed that now a large proportion of elderly people participate in high-risk investments, mainly because capital market financial management has suddenly become popular since 2006, and investors believe that they will lose money if they do not participate. It is very big, so the elderly with certain savings have also joined the high-risk financial management army. Financial experts analyze that this is mainly caused by herd mentality and poses a great risk to retired elderly people. Key points in financial management: The purpose should be to spend your old age peacefully. Investment and spending are usually conservative. Physical and mental health are the most important. At this time, it is necessary to reduce high-risk investments and focus on fixed-income investments. -Investment advice: Invest 10% of the investable capital in stocks or stock funds; invest 80%-90% in fixed income assets. In foreign countries, many elderly people gradually sell their properties to meet their expenses, but this method is relatively rare in China. For families with relatively rich assets, legal tax-saving methods can be used to effectively hand over the property to the next generation. In terms of insurance, this stage is the time to enjoy the benefits of insurance. There is no need to add new insurance. You can consider buying child insurance for your grandchildren. -Financial priorities: retirement planning → estate planning → emergency funds. Securities is a broad concept. When you mention securities, you cannot only think of stocks, a high-risk investment variety, and thus exclude yourself from the door of the securities market. You must know that securities also include bonds and funds. Moreover, insurance companies, banks, institutions, social security funds, and even the personal social security accounts of working-class people in the future will all use the working-class people’s money to invest in various securities. Of course, the institutions will make the lion’s share of the profits. No matter whether they win or lose, they will Everyone can withdraw a fixed management fee according to the "size of the capital", but all the risks of losses have to be borne by the working class, so even if you invest nothing, you cannot completely avoid risks. We can foresee that bank deposits will also have certain risks in the future, which is an inevitable result of China's financial industry reform.