Debt levels are low the family finance programme

Hello, I am 25 years old, working in State-owned enterprises; husband of 28 years old, working in a private enterprise; two fixed monthly total revenue of about $ 13,000. Five years later to a child. Two people are now living 80 square meters (value $ 450,000) of mortgage housing a family monthly cost of $ 4,000 (including for $ 2000/month), there are bank deposits of $ 150,000. Personally, I have social security. Is planned around May next year to buy a 13~15 million car, one-time payments, I do not know whether it properly? A reader

Financial Advisor: Xiangdong Liu

Analysis of financial condition

Family currently has total assets value for 600,000 yuan, which fixed assets 450,000 yuan, liquidity 150,000 yuan, respectively accounted for family total assets of 75% and 25%, display its basic life facilities has completed, but economic still is weaker stage, funds liquidity moderate but income level partial low; wage income 160,000 yuan/years, no other investment income, basic consumption amount for 25,000 yuan/years, reimbursement loan 24,000 yuan/years, is its family years payments proportion for 31%, belonging to lower of liabilities level; 150,000 yuan liquidity are for bank deposits, display its investment structure too single and conservative, should appropriate increased hedge value-added way.

Family finance proposal

Current low levels of household debt, risk-resistant ability, family financial goals mainly concern the following aspects:

1, maintain adequate savings accumulation. Because of the coming high consumption period there will be a lot of pressure, first of all pay attention to keep the savings habit, to maintain adequate cash flow so as not to affect normal life running; in addition, strengthening savings accumulation also for raising children and basic means of preparation for the retirement pension funds of the spouses. Recommended that you leave $ 50,000 reserve deposits with the most basic, and the remaining $ 70,000 for further arrangements to raise the level of income.

2, carefully considered recently to buy a car. Now months accumulation funds about 10,000 yuan, to next year May can accumulation 60,000 yuan, plus existing 70,000 yuan liquidity, basically can paid buy car money, but to note two points: a is buy car zhihou monthly will increased average about 2000 Yuan of raising car costs and led consumption 500 Yuan/months, family expenditures will reached 6,500 Yuan/months, payments proportion for 50%, still is can bear range; second is temporarily will no can for investment value-added of funds.

3, the appropriate finance and investment. After the car, basic capital of $ 80,000 a year, recommendations in accordance with the 20% bank savings, cent purchase of bank financing products, 40% for the proportion of equity funds and investment trust products configured to implement to avoid inflationary devaluation, and distributed subject to the risk of keeping and increasing value. In addition, due to the current level of social security after retirement will be difficult to maintain the existing quality of life and cope with the large medical expenditure, recommends that the necessary commercial insurance for spouses, their essential expenditure on insurance premiums to existing income levels can be controlled at around $ 8,000/year.