As a popular trend in recent years, financial management has entered many ordinary families. Over the years, with the social development and the influence of many external factors, the number of single-parent families is increasing. As a special group, single parents often spend their income on several people, so they have the characteristics of weak economic foundation, single source of income and poor risk tolerance. If its income and expenditure are not planned in advance, it may make ends meet. Therefore, financial planning of single-parent families is particularly important.

Case:

Ms. Li, 40, divorced her husband and lived with her son, 13 years old. Ms. Li is currently working in a private enterprise with social security and medical insurance, with a monthly salary of 5,000 yuan and a monthly expenditure of 2,000 yuan.

The reporter learned that Ms. Li's current mortgage has been paid off and her bank deposit is 654.38+10,000 yuan. Ms. Li is usually busy at work and has no time to take care of the funds. So what Ms. Li is interested in is how to make idle funds flow; Qian Shengqian; How to protect children's future education through financial management is a very headache.

Financial planner analysis

For Ms. Li, a single mother, the family burden is heavy, and she bears all the living expenses of her son alone, without external financial support. Therefore, we should fully consider our own actual situation and set reasonable financial goals.

Ms. Li's family income and expenditure structure is relatively simple. Wage income is an important source of income for families, and basic living expenses are the main expenses of families. However, the cost of her son's education, especially the cost of higher education, is quite large, so it is necessary to prepare as soon as possible and prepare as much as possible if possible.

Financial planning

1, leave enough family emergency reserve fund.

It is suggested that Ms. Li keep enough family emergency reserve fund first. Emergency reserve fund refers to the cost of ensuring the family's necessary living expenses for a period of time, and the amount is generally 3-6 times of the family's monthly expenditure. Considering that the ability of single-parent families to resist risks is relatively weak, Ms. Li's insurance is insufficient, so she should prepare more. Ms. Li currently spends 2,000 yuan per month, so it is suggested to set aside 8 times of the monthly expenditure, that is,16,000 yuan as emergency reserve fund.

2, do a good job in education planning, so that children can go to school without worry.

When children graduate from primary school to university, the cost of education is not as simple as tuition, but also includes transportation, living, clothing, education, entertainment, medical care and other expenses. Considering the inflation factor, the cost of education will be an expensive expenditure. Under normal circumstances, children's education funds should be based; Wide for narrow use; In principle, we should be more relaxed when raising funds in case there is a need to exceed the plan.

From now on, Ms. Li Can will make an education plan for her son, with low financial burden and little risk. It is suggested to use the regular quota plan for compulsory savings and investment to accumulate educational funds for his son. At present, there are two educational planning tools suitable for Ms. Li: education insurance and investment fund. It is suggested that Ms. Li combine the two tools.

Ms Li Can bought education insurance according to her son's needs. Under normal circumstances, the yield of education insurance is determined according to the bank deposit interest rate, and the yield is not high. However, education insurance has two advantages that deposits and other investments do not have: education insurance has the function of compulsory savings and strong guarantee ability, which can exempt the insured from unexpected premiums. The so-called premium exemption means that if the insured of the policy dies unfortunately or loses the ability to pay the premium due to serious disability, the insurance company will give up the premium to be paid in the future, but the person who receives the insurance premium can receive the same insurance premium as the normal payment. This clause is very important for children. This is also the biggest advantage of education insurance over bank deposits.

Because the return rate of education insurance is not high, we should buy it in moderation to meet the most basic needs.

3, appropriate investment, let idle funds move.

At present, Ms. Li doesn't have any investment, only 654.38 million+time deposits. At the moment when the interest rate has been continuously lowered recently, it is suggested that Ms. Li reduce the deposit ratio, supplemented by other investment tools with more growth potential as an investment method. Due to the erosion of inflation, only time deposits may have real negative returns, which is not conducive to the growth of assets. It is necessary to make appropriate investments and obtain higher returns while taking appropriate risks. Considering that Ms. Li's family is a single-parent family, it is suggested that the investment should be cautious and conservative, and the assets should be allocated in proportion among bond funds, balanced allocation funds and stock funds.

4. Plan old-age care as early as possible and save easily.

According to the current pension system, it would be very embarrassing if we only rely on social pension to support the elderly. So you must make a supplementary pension plan for yourself in advance. The regular fixed investment of the fund can be carried out according to the education fund plan, and the fixed investment amount is 500 yuan per month.

Ms. Li is the only source of income in the family, bearing the education and living expenses of her son. Therefore, the safety of Ms. Li's life is very important to her family, and life insurance must be increased. It is recommended to buy term life insurance, the amount of insurance can be adjusted according to the different amount of protection required at each stage, and accident insurance can be added, which can effectively alleviate the pressure of medical expenses caused by accidents and improve the comprehensive degree of protection. It is suggested that critical illness insurance should be added as a supplement to the basic medical insurance.