There are three people in a family, and the senior one has children aged 16. Family monthly income 188000 yuan. His wife has insurance, but Mr. Zhang doesn't. The existing deposit is 350,000 yuan, the capital is 60,000 yuan, and the self-owned house is 60 square meters. The current price is 720 thousand.
Financial management objectives
1. Prepare an education fund for children.
2. One person has social security and no commercial insurance.
3. Change a house of about 100 square meters.
financial analysis
The family is in the period of property accumulation, which is the period of stable family income. As can be seen from the situation of household assets and liabilities, there is a lot of balance in monthly household income besides expenditure.
From now on, a certain percentage of income must be used for compulsory savings every month, and at the same time, good savings habits should be developed. Rational use of surplus capital is the second step. Investing the monthly balance of funds in the money fund has low investment risk, but in general, the income is higher than the bank deposit and withdrawal interest rate.
Take out 10% of annual income to buy commercial insurance.
Because one person has social security and does not buy other insurance, the degree of protection is low. Commercial insurance should be purchased to increase risk protection and prevent future family risks. Apply the "Double Ten Principle" of insurance, that is, buy the insurance amount at 10% of the annual income 10 times.
According to this principle, the annual premium can be increased by10.8 million yuan, that is, the monthly premium is10.5 million yuan. By purchasing insurance portfolio, such as main insurance annuity insurance, additional insurance accident insurance, major accident insurance, etc. The premium is relatively cost-effective and can meet the needs of family security.
Buy refundable education insurance or fund fixed investment for children.
At present, the expenditure of ordinary senior high school education in China ranges from 3,000 yuan to 5,000 yuan every year. University education is a major investment in education. If it is a public university undergraduate course, the annual tuition fee is generally between 5000-6000 yuan. In addition, including living expenses and other expenses, the expenditure of the education fund is at least 20,000 yuan per year.
According to the master's degree, it is conservatively estimated that the annual expenditure from three years to master's graduation will need 30 thousand yuan. (refer to the inflation rate of 6%, regardless of income growth). According to the actual situation of the current family, if you can spend 20,000 yuan each year to prepare your child's education fund in advance, you can make reasonable arrangements by buying a refundable education fund insurance for your child in advance or implementing a fixed investment, that is, 1.700 yuan every month. According to the return on investment of 6% (conservatively estimated, outperforming inflation), the education fund that can be provided in about three years is 60,000 yuan. Children insist on fixed investment during college to prepare for future education funds.
10 years later, the cost of changing a new house will be controlled within10.5 million yuan. According to the return on investment of 6% (conservatively estimated to outperform inflation and house price growth), the existing house is discounted to 60% of the house price. Therefore, it still needs 600,000 yuan when it arrives, and now it needs to invest 3,600 yuan every month. If you don't sell the existing house, buy another flat 100, and invest 10000 yuan every month.
To sum up, in order to achieve all financial planning, we must adhere to the fixed deposit or fixed investment of 6,800 yuan per month (for example, it takes13,200 yuan to buy a house ten years later), so as to achieve the financial goals.