At present, it is difficult to buy a house, get married and raise children. Food problems lead many parents to choose expensive and imported things for their children after welcoming them. Children are a little older to attend kindergarten. In order to let their children receive better preschool education, parents would rather choose a place that is expensive but has a better educational reputation. In short, the financial burden of taking care of children will become greater and greater. So how do young families who are going to have children make good financial planning? Let's learn about it through a case.
Xiao Wu and his wife, who live in first-tier cities, bought a house the year before last, and now they still need to pay back the mortgage of 8, yuan every month. Xiao Wu and his wife have a total monthly income of 3, yuan, daily expenses of 4, yuan, a balance of 18, yuan, and a total of 1, yuan for the year-end award. The two borrowed money from friends because they bought a house the year before last. In order to pay off the arrears in the past two years, they only saved 5, yuan. When the year-end bonus is distributed, there will still be the remaining funds of these two months, and by the end of the year, there will be a total deposit of 186, yuan.
Xiao Wu discussed with his wife that after the birth of a child in the future, it must be a long-term process of needing money. Short-term savings may not meet future needs, so long-term consideration is needed. Xiao Wu also hopes that while preparing education funds for his children, he can configure a car for his family under less economic pressure.
financial management for young families
financial management suggestions
living security should be laid out in advance
Xiao Wu should first prepare an emergency reserve for his family, which is to be taken out in case of any unexpected situation in the future, so as to avoid short-term economic pressure as much as possible.
this money is not too much, and it can support the family's living expenses for 3-6 months. At present, the monthly expenses of the two people include the mortgage of 12, yuan, and the financial planner thinks that it is enough to prepare 5, yuan. This part of the money can be held in the form of money fund, which can be taken at any time and the income can be calculated daily.
In addition, although both of them have basic five insurances in the company, in order to provide more protection, they can also provide some commercial insurances for their family members, such as accident insurance and critical illness insurance.
Financial management for young families
Long-term planning of children's education funds
In the future, when children attend kindergartens, Xiao Wu's monthly expenditure will increase, and the remaining funds will decrease. The financial planner believes that Xiao Wu can prepare for the children's education funds from now on, and draw a sum of money from the surplus funds every month to hold it in the form of fixed investment, so that there will be four years to save the children's funds for kindergarten in the future, and there will be surplus.
In the future, Xiao Wu and his wife will face a promotion and salary increase, and the economic pressure will gradually decrease. In addition to the monthly fixed investment, the rest can be equipped with some short-term financial products with small initial investment, such as P2P financial management. When the funds accumulate to a certain extent in the future, P2P products, national debt, funds, etc. can also be configured.
In addition, Xiao Wu can invest in the fund for more than 1 years and accumulate a large sum of money. By then, the expenses for children to go to college or study abroad will surely be saved.
Reasonable planning and allocation of cars
Xiao Wu wants to allocate cars without too much financial burden, so he needs to plan his family assets reasonably. The financial planner believes that part of the monthly balance can be used as the money for configuring vehicles, and this money can continue to manage money. Part of it has been used as an education reserve, and then part of the car purchase funds will be drawn out, and the rest will be saved as a guarantee for future life. In this way, Xiao Wu will soon realize his plan to buy a car.
It is not difficult for a young family like Xiao Wu who is going to give birth to a child to achieve a better life and higher quality through reasonable financial planning.