As investment and financial management attract more and more people's attention, many low-income families have begun to complain that the funds they hold are not enough for financial management. In fact, low-income families need to learn more about investment and financial management and learn more investment and financial management skills.

So what are some ways for low-income families to save and manage money?

Which method is most appropriate?

Let us explain to you below: What are some ways for low-income families to save money and manage their finances?

1. Fund fixed investment Fund fixed investment is a financial management method that invests a fixed amount at a fixed time in an open-end fund.

For example, it is stipulated to deposit 500 yuan every month.

For low-income families, there is no high threshold for fixed investment in funds, and the amount is relatively free. You can set the time and amount by yourself and exchange time for income.

2. Large-denomination certificate of deposit Large-denomination certificate of deposit refers to a large-denomination deposit certificate issued by banking deposit-taking financial institutions to individuals, non-financial enterprises, government agencies, etc. It has a certain period, usually 1 month, 3 months,

The varieties of 6 months, 9 months, 1 year, 18 months, 2 years, 3 years, and 5 years have long terms.

The higher the expected return.

However, the investment threshold is relatively high, and a sum of idle funds needs to be carefully planned.

3. Time deposits. Time deposits are principal-guaranteed. The bank and the depositor agree on the term and interest rate in advance, and the principal and interest will be returned after maturity.

The interest rate will be higher than that of demand deposits. Generally, the longer the holding period, the higher the expected return.

4. Monetary funds, such as Yu’ebao and Lingqiantong, are two relatively common types of monetary funds.

The advantage is that the threshold is low, the flexibility is high, you can deposit and withdraw at any time, and the money used for investment can also be consumed, and there is fixed income. It is also a good financial management method for low-income families.

5. Learn to keep accounts, plan and manage finances. The most important thing is to plan funds reasonably and develop a good habit of saving money.

Analyze which ones can be used for investment and financial management to gain income, and which ones can be used for daily living expenses.

For example, daily expenses can also be put into Yu'E Bao to get benefits without affecting consumption.

Which one is most suitable?

The methods mentioned above are all suitable for low-income families, with stable income and low risks.

It is not recommended for low-income families to choose risky product investments. It is recommended to use a cumulative approach to rationally arrange family finances. They can also choose the most suitable one based on their actual situation. For example, they can choose from existing funds, family income and necessary consumer expenditures.

After comprehensive consideration of these aspects, we can find the financial management method that is most suitable for the investor's family.