Practical Financial Management Of Office Workers

The following are financial rules for modern office families.

1, prepare for 3 to 6 months of emergency payment.

For general financial planning, it is better to spend 3 to 6 times the cost of living in a month as an emergency or unexpected situation.

2, it is especially important to reduce liabilities and enhance the financial strain of individuals or families, that is, net worth (equal to assets reduction liabilities) must be further enhanced.

The most direct way to raise net value is to reduce liabilities. Domestic liabilities include housing loans, auto loans, credit cards and consumer loans.

Basically, the level of debt that an individual or family can bear should be deducted from the disposable income portion after the monthly fixed expenditure and savings are needed.

As for the principle of debt repayment, priority should be paid to higher interest loans.

3, spend money wiser, if there is difficulty in open source work, then we should have planned consumption and start from "throttling".

It is a principle that can be grasped when choosing shopping in season, comparing goods with three families, resisting the desire to buy, and avoiding overspending credit cards and borrowing money.

In terms of method, we can make budgets for the monthly, quarterly and annual possible expenses, and then decide the proportion of income distribution in various expenditures, so as to avoid spending aimlessly on hand cash.

It is better to develop the habit of keeping accounts, regularly check their income and expenditure and adjust them at the right time.

4, develop the habit of forcing savings to "build up all the heights". The first step for all people to manage their finances is to save money. They should first save a sum of money as the capital of the investment, and then talk about accelerating the accumulation of assets.

If you want to force yourself to save, it's best to get 20% out of your salary once you get paid. Whether it's a conservative zero deposit bank deposit or a regular fixed quota mutual fund, you can play a combined effect with a small amount of savings over a long period of time.

5, we should enhance the performance of value preserving investment stocks and foreign exchange markets, and the interest rate of banks has also been downgraded frequently. At the present stage, in addition to keeping the principle of investing only spare cash, asset maintenance is very important at the present stage, which can be achieved through increasing the investment ratio of fixed income instruments such as bank fixed stocks, bonds and bond funds.

Among them, the bond fund has many advantages, such as low investment, professional managers' operation and tax saving. Compared with the direct investment in bonds, the bond threshold is much lower, and the real rate of return can also be maintained on the bank deposit, so it has become one of the hottest investment tools at present.

However, due to the wide variety of bond funds at home and abroad, we should first understand its investment scope, characteristics and suitable uses, and choose to match our own expected remuneration and risk taking.

As for bank fixed deposit, interest rate will continue to fall, so it is better to choose fixed interest rate to deposit.