Home Finance Every Family Needs to Know!

There are generally three aspects of household consumption now. The first is the necessities of life, such as food and clothing. The second is to maintain the consumption of family survival, such as rent, utility bills, etc. The third is family development, member growth and fashionable consumption, such as education investment, cultural and entertainment consumption, etc. There are many places where money needs to be used, so it is very necessary to know the following practical household financial management methods.

Organize consumption

Collecting vouchers and documents is the primary task of bookkeeping, and it is necessary to develop the habit of requesting invoices at ordinary times. In addition, the documents of the the bank, loan receipts, credit card signatures, deposit and withdrawal documents, etc. should be kept one by one and placed in a secure place. After the vouchers are collected, you must divided items such as clothing, food, housing, and transportation by category to facilitate statistical sorting and because of this you can save your money and time.

Allow some monetary autonomy

In a dual-income family, husband and wife allow each other to keep a portion of each other's salary for their own use. Husbands and wives should have a common account to handle necessary household expenses, and at the same time they must have a personal "small treasury" for their own use. This small treasury does not need to be too large. For example, a husband who often participates in social events can spend some money for tobacco and alcohol.

Summary of regular meetings

Financial management is a long-term and continuous matter. Every once in a while, the husband and wife should sit down and hold a meeting to review the current financial situation, correct financial misunderstandings in a timely manner, and establish financial goals for the next stage.

Pay attention to bank wealth management products and Internet wealth management products

Most people suggest that investors should extend the holding period and lock in higher returns in advance. It is best to choose medium- and long-term high-yield products. According to the current situation, they can choose bank wealth management products. Net worth open-ended products and structured wealth management products offered by major banks in order to obtain relatively high returns.

Education reserve

Do it in advance, the sooner the better, it is a process that accumulates. Make a plan, understand the cost of education, sort out the financial situation of the family, and make reasonable savings and investment in education expenses.

Family financial management is a comprehensive and practical science. Only by understanding the methods of family financial management and doing well in family financial planning can family life be more harmonious.

Set a small goal

According to the income situation, set an achievable goal. For example, a family plans to buy a car of about 200,000 dollar within two years. First, calculate that the necessary expenses such as down payment, taxes, insurance and other necessary expenses will be about 120,000 dollar. In fact, the most important point is to learn the method of saving money, develop the habit of saving money, so that the family's quality of life is higher, and the accumulation of wealth will be more and more.

Know how to buy insurance

The role of insurance will not be introduced in detail, because many people know that insurance is a guarantee. It is normal for us to encounter some minor illnesses and pains in life, but if the condition is more serious, or if we encounter any unexpected events, it is more troublesome. Therefore, you will must buy insurance on time, because it is very necessary, so that you can plan ahead and be prepared! Because buying insurance is also a long-term investment, everyone must be mentally prepared. General insurance is divided into accident insurance, accident medical insurance, children's education insurance, critical illness insurance, etc., which can protect the health of the family to the greatest extent.