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First of all, it must be clear that depositing in banks and applying for insurance are necessary for family financial management. It cannot be completely said whether it is good or not. Assets should be allocated reasonably, and eggs cannot be put in the same basket. Banks have the function of saving, but they do not have the function of protection. The following are suggestions for asset allocation based on different periods: Single period: Financial management sequence: First, you must learn to save during the single period and never spend lavishly. Second, we must force savings. Even if we save 200 yuan a month, it will still be a considerable amount of private money after 5 years. Third, it is necessary to buy some insurance appropriately. Young people are in good health, but accidents are unpredictable, so it is particularly important to buy some accident insurance. Of course, young people can also enjoy preferential rates when buying life insurance. Financial advice: You can invest 60% of your capital in stocks, stock funds, foreign exchange, futures and other financial products with high risks and high long-term returns, and 30% in safer investment tools such as regular savings, bonds or bond funds. 10% is kept in the form of current savings to ensure its liquidity in case of emergencies. Family formation period: from marriage to before the child is born (1 to 5 years) Financial analysis: This period is the peak period of family consumption. Although economic income has increased and life has become stable, the family's basic daily necessities are still relatively simple. To improve the quality of life, you often need to pay more for home construction, such as purchasing some higher-end daily necessities, paying off home loans, etc. The order of financial management: first, consume rationally. Don’t buy all high-end furniture or home appliances at once. Take your time and reasonably arrange household construction expenses according to the family's income level. Second, when buying a house, "a house is a decent home." However, when buying a house, you should also have the concept of gradient consumption, and buy a cheap second-hand house first. , if possible, improve the housing environment and buy a larger new house. Third, the couple should buy appropriate insurance, mainly accident insurance and life insurance. Fourth, after a little accumulation, they can choose some more radical financial tools. , such as equity funds and stocks, in order to obtain higher returns. Financial management advice: At this stage, financial management should be prudent and use 10% of the couple's salary for 4 to 6 months as a family reserve fund in the form of current deposits. Household assets are used to purchase insurance, 30% is used to invest in relatively safe financial products, such as treasury bonds, long-term deposits, etc., 40% is used to make the down payment for buying a house, or to prepare funds for future purchases of self-occupied properties, and 20% is used to Focus on investing in stocks or growth funds. Family growth period: from the birth of a child to before graduating from college (about 20 years). Financial analysis: family members are no longer increasing, and the age of family members is increasing. The largest expenses for the family are health care and children’s education. What needs to be emphasized in particular is that after having a child, the couple’s responsibilities increase. How to ensure the security of family wealth and create a happy and worry-free growth environment for the child is a top priority, so the insurance issue for a family of three must not be taken into account. Neglect. At the same time, as their children's ability to take care of themselves increases, their parents are energetic and have accumulated a certain amount of work experience and investment experience, so their investment capabilities are greatly enhanced. The order of financial management: first, children's education planning is the most important financial management topic at this stage. For middle-income urban families, fixed-term funds are one of the best ways to prepare funds for their children's education. Second, the family's financial support must be purchased with the "three insurances" - accident insurance, life insurance, and major insurance. For disease insurance, you can buy a children's health insurance for your children, or you can buy education insurance or dividend insurance to provide more protection for your education funds. Third, after meeting your children's education and family security needs, you can implement an asset appreciation plan, start a business, or Purchase high-yield, high-risk financial products. Fourth, prepare a daily emergency fund for the family. This is especially important during the family's growth period, because the expenses of the children are a bottomless pit, and both parents are beginning to enter the retirement period, and there are many unexpected things. Funding needs. Financial advice: Set aside 5% of your capital as current savings as a family emergency fund, 15% for home insurance expenses, 40% for investment in real estate (investment properties) or starting a business, and 20% for risky investments. , such as stocks, foreign exchange, futures, etc., 20% is used for higher-security financial products such as bank time deposits or bonds. Family maturity period: Children work until they retire (about 15 years). Financial analysis: During this period, because your work ability, work experience, and economic situation have reached the best state, and your children become independent, the burden on the family is gradually reduced. , so it is most suitable for accumulating wealth, and financial management should focus on expanding investment. However, since we have entered the second half of our lives, if venture capital fails, we will lose the wealth accumulated in the first half of our lives. Therefore, we should not choose too many venture capital methods. In addition, a pension must be saved. As a mandatory savings, insurance is undoubtedly one of the most suitable ways to accumulate pension. The order of financial management: First, for financial management needs, retirement care should be considered first. Do not wait until retirement to consider how to provide for retirement. Before retiring, think more about where to go on vacation after retirement, or what interests and hobbies to develop. Second, formulate an asset appreciation plan. Without the burden of raising children, investment arrangements can be strengthened, but the principle of "diversifying investments and reducing risks" must be adhered to. Third, it is a lot of painstaking work for parents to prepare funds for their children to start a business or get married and buy a house, so as to reduce the pressure on their children's lives.

Financial advice: Use 40% of your capital for stock or similar fund investment, 20% for insurance investment, and gradually focus on pension, health, and critical illness insurance, and 20% for high-security financial products such as time deposits or bonds. , 10% is used to develop the couple’s hobbies, such as raising flowers and plants, collecting antiques, etc., and 10% is used for current savings as a family emergency fund. Financial management analysis during the retirement period (approximately 20 years or more): The main content during this period should be to spend your old age peacefully. Investment and spending are usually conservative. Physical and mental health are the most important. Wealth is just a numbers game. Don’t care too much. . Capital preservation is more important than anything else during this period. It is best not to make new investments, especially no more risky investments. In addition, before the age of 65, review the life insurance you already own and make appropriate adjustments. Financial management sequence: If arrangements have been made for retirement in the fourth stage - the mature stage of the family, then there is not much to worry about at this stage, and you can enjoy family happiness with your children and grandchildren, and you can also enjoy the mountains and rivers. Financial advice: Invest 10% of your capital in stocks or stock funds, 50% in regular savings or bonds, and 40% in current savings. For families with relatively rich assets, legal tax-saving methods can be used to pass the property to the next generation.