How to write a family financial plan, how to manage money for a family, and what are the plans

A family financial plan can be written according to several laws:

The Law of 4321.

The proportion of reasonable allocation of family assets according to the 4321 law is that 40% of the family income is used for housing and other investments; 30% for household living expenses; 20% for bank deposits in case of emergency; 10% for insurance.

The Law of 72. The law of 72 does not take back the interest and rolls over the interest to invest in financial management, and the time required to double the principal is equal to 72 divided by the annual rate of return.

If you deposit $100,000 in a bank with an annual interest rate of 2%, how many years will it take to increase to $200,000? Dividing 72 by 2 to get 36 gives us the 36 years it takes to double investment bank deposits.

The Rule of 80. For example, at the age of 30, ** can account for 50% of the total assets, that is, at the age of 30, you can invest 50% of the assets**, and the risk is acceptable at this age, while at the age of 50, it is appropriate to invest ** at the age of 30.

The Double 10 Law for Home Insurance.

The appropriate amount of family insurance should be 10 times the annual household income, and the appropriate proportion of premium expenses should be 10% of the annual household income.

There are many ways of personal investment and wealth management in China Merchants Bank, such as: wealth management products, fixed periods, treasury bonds, **, etc., if you use our bank card to purchase, it is recommended that you can go to our bank outlets to consult the relevant advice of the wealth manager.

This is easy to write, you ask the financial planner of Jingda Wealth.

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At present, China Merchants Bank's personal investment and wealth management methods are more envious: fixed, treasury bonds, wealth management entrusted by brothers, **, **, etc. It is recommended that you open the homepage of China Merchants Bank and click **Customer Service for further consultation.

The first step is to put your family belongings in order

When a family is formed, financial planning not only involves individuals, but also includes family cash planning, children's education fund planning, parental support planning, pension planning, family security planning, etc. However, the financial planner said that before formulating a family financial plan, it is necessary to sort out the family's property, know how much money the family has, how much debt, how much fixed assets, how much investment, etc., have a clear idea of the family's assets, and at the same time have a rough estimate of the family's risk tolerance, and then formulate a reasonable financial plan according to the actual situation.

The second step is to manage the three "faucets".

Secondly, the family should also manage three "faucets", one is emergency money, generally 3-6 months of family living expenses, you can choose to deposit in the bank or money market**; The second is the money to save lives, that is, special funds to fight big with small ones, and are used to solve the impact of various emergencies in our families. The third is idle money, money that will not be used for 5-10 years, which can be invested in real estate, buying, or even doing business, etc. With the gradual increase of family assets, investment methods can also be continuously enriched, due to different investment methods with different risks, take portfolio investment, avoid risks, and maximize investment returns.

The third step is to save for your child's education

Children's education is a large expense for the family, so the financial planner suggests that newlywed families can start saving in advance, can open a "family education fund", deposit a fixed amount of money every year, and when the child goes to school, there will be a considerable amount of "education funds". You can also reserve your child's education fund through regular investment, hold it for a long time, and enjoy long-term wealth appreciation.

The fourth step is to prevent risks in insurance (pure protection).

Although the newlyweds are very young, they still need to pay attention to preventing risks, once there is an unexpected risk, it will not only seriously affect the psychological state of the family, but also the family. The financial situation has caused a certain shock. Financial planners suggest that the annual family insurance amount should not exceed 10% of the annual family income, mainly pure protection insurance, such as term life insurance, whole life insurance; Supplemented by accident insurance and critical illness insurance, it is not only responsible for the family, but also for the preparation of the elderly.

The fifth step is to create self-worth

Finally, financial planners suggest that young couples also need to focus on investing in themselves and increasing their self-worth, which is a higher return than any investment.

As the saying goes, if you prepare, you will stand, and if you don't prepare, you will waste, that is, everything needs to be prepared. Newlyweds need to make a financial plan in advance and implement it persistently, so that they can achieve their financial goals at all stages of the family and have a happy family life.

After the integration of property, the total amount of family assets has basically been determined, and then it has been determined which aspects to start with the design and planning of family expenses and family financial management plans.

It is recommended that you manage your money through banking channels. At present, there are many ways for personal investment and financial management: fixed, treasury bonds, entrusted wealth management, **, **, trust, insurance, etc.

It is recommended that you go to the outlets of China Merchants Bank to consult the relevant advice of the wealth manager.

1. Income and expenditure planning

With regard to income and expenditure planning, the key is to establish appropriate savings and consumption planning. If you live in a family with a stable but low income, you need to save to keep your family life running smoothly, and you also need to make a reasonable spending plan based on your family income. For example, what is the monthly and annual expenditure budget.

In general, you can also pay attention to the interest rate changes on the part of the central bank, and then consider how much money you put into bank savings.

2. Career planning

For families, work is the main income of family members**, and career development planning fundamentally determines the amount of family wealth. For example, the career planning of the teacher's family is to analyze the current situation of the individual's teaching ability and teaching adaptability, and then it is necessary to determine the future development goals, praise the excellence, and evaluate the professional title on this basis. In the case of wage earners, it is more important to consider improving personal abilities and striving for promotions and salary increases.

3. Financial planning

Investment and financial planning is indispensable as the main part of family wealth preservation and appreciation. First, have a clear picture of the family's finances; Second, choose the right investment method; Finally, develop a specific. Financial goals.

If salarymen are interested in buying a house in the next five years, it is more appropriate for salarymen to choose wealth management products with stable income.

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Four: endowment insurance

In the family, once the family members retire and have no salary income, what do they need to rely on to support their lives and consumption? It is recommended to allocate endowment insurance and health insurance for yourself and your family as soon as possible, and you can also use pension income to invest and manage your finances to obtain income. Of course, when buying insurance, you should choose excellent products that are suitable for you, and do not buy blindly.

5. Educational planning

Everyone knows the phrase "knowledge changes fate", which shows that children's education should be valued. Once there are children in the family, it is better to prepare the education fund as early as possible. Children are the future of a family and are naturally part of the family's financial planning.

A child has to spend at least hundreds of thousands of dollars from birth to college, and this education fund needs to be saved slowly little by little.

No matter where we go or what we do, we always end up at home to rest and enjoy the warmth of home. In the family, each of us is the boss. The future of the family is the direction of each of us, let us work together for our own family entrepreneurship!