The money in Yu 'ebao can be redeemed at any time, which is more convenient, and the interest is much higher than the bank demand deposit. There are many other money funds in Alipay Ant Wealth, and the interest rate may be higher than that of Yu 'ebao, but the advantage of Yu 'ebao is that we can directly use the money in Yu 'ebao for our usual consumption, or we can directly use it to pay back credit cards, pay water, electricity and coal, etc. After buying other money funds, if you want to use the money inside, you have to redeem it, which is generally more convenient.
Regular wealth management products have a time limit, ranging from 7 days to more than 1 year. The annual interest rate is usually higher than Yu 'ebao, which means that the same money generates more interest every day than Yu 'ebao. If you choose the purchase period, you must have a clear judgment on your own funds, such as whether you will use this money in the next few days, weeks, months or even a year, and whether it is possible to use it urgently. You should leave room for yourself, and don't worry when you need it urgently. If there is no urgent need and spare money, you can buy a regular one, for example, 30 days, which can be recycled after the expiration, so it is not difficult to judge the next money plan.
Through reasonable planning and good financial habits, I think it is very difficult to become a moonlight family. We always have money to save. For example, we save part of our salary every month and use the rest for life and study. Regular balance with Yu 'ebao or other monetary funds can be distributed in proportion to their own financial situation. Part of Yu 'ebao and part of other monetary funds can be bought for 30 days.
Of course, with the growth of financial knowledge and their own analysis and research, young people can also try partial stock funds, hybrid funds or index funds.