In real life, when families with low incomes talk about financial management, they feel that it is beyond their reach. "How can they manage their finances if the problem of food and clothing has not been solved?" "That's the business of the rich" ... Between words, this concept and thought of financial management are exposed. But as everyone knows, it is wrong for low-income families to think that their income is meager and there is no "money" to manage. Financial management is closely related to life. As long as we are good at grasping the "three magic weapons", low-income families may also add up.
Method 1: actively save money
"Less income, but a lot of consumption" ... This is the problem faced by most low-income families at present. To get the family's "first bucket of gold", we must first reduce the fixed expenses, that is, accumulate the surplus by reducing the immediate consumption of the family, and then use these surplus assets to invest.
In fact, low-income families can make a detailed list of their monthly expenditures and analyze them item by item. Reduce waste without affecting life, try to reduce spending on shopping, entertainment and other items, and ensure that some money can be saved every month.
Take housing as an example. For low-income families, the first principle of buying a house is to "live within our means", take living as the standard, avoid being greedy for luxury, and try to reduce the total purchase price as much as possible. Consider buying a second-hand house with a relatively small area and relatively cheap price first. In the future, it will be easier to replace it with "small for big" and "old for new" than buying a new building directly.
Method 2: Be good at buying insurance
If you are seriously ill, it will cost tens of thousands or even hundreds of thousands of yuan. A serious illness can make a family bankrupt or even heavily in debt. Therefore, when managing money, low-income families need to consider whether to buy insurance to improve their risk prevention ability and transfer risks, so as to get rid of difficulties.
It is suggested that low-income families choose pure protection or partial protection products, with "health care" insurance as the main part and accident insurance as the supplement. Especially for those families with low social medical security, the ideal insurance plan is to buy health insurance for major diseases, medical insurance for accidental injuries and medical insurance for hospitalization expenses. If you really don't plan to spend money on insurance, I suggest you buy an accident insurance anyway. In case of misfortune, paying can also alleviate some difficulties for your family. Considering that a large part of the income of low-income families is spent on daily living expenses and children's education, the insurance expenditure should not exceed 1% of the total family income, and the focus of insurance should also be on adults who play the role of the family's economic pillar, not children.
Method 3: Invest cautiously
For low-income families, the salary is often low and they can't stand big losses. Therefore, before investing, you should be psychologically prepared. First of all, you should understand the evaluation of investment and return, that is, the return on investment. To understand the operation of different investment methods, all investment methods will have risks, just the size, but for low-income families, security should be the most important. What to invest in depends not only on whether the investment object has investment value, but also on your own knowledge and expertise. Only by investing with your own expertise can risks be effectively controlled.
Low-income families should make a monthly expenditure plan, and divide the rest into several parts as family basic funds to make necessary investment and financial management. At present, the stock and futures markets are not very good, and the risks are high, and the risk tolerance of working families is low. They can invest in RMB wealth management products, money market funds and government bonds, so that they can enjoy the corresponding interest rates and drip into the river.