Earning $ 10,000 family finance programme

Build a complete financial plan

Husband: Beijing project manager for a networking company; wife: an advertising agency copy. Family assets, including $ 50,000 Bank demand deposits and 20,000 Hong Kong dollars, and also mortgaged a 200,000 yuan House, monthly repayments of $ 2000. Now husband for $ 7,000, the wife $ 3,000, were the end shuangxin. Both units have social security and health insurance, parents are alive, there is social security.

Facing problems: make good money, but family financial management more loosely; parents although now healthy, but because of inadequate protection of social security, family there is a risk of a disease to the poor; next youngest son, support costs especially the future of education is not a small number of both health care and pension reserves yet to be taken into account.

At this time the need to establish a complete set of financial planning, rational distribution of income. Under the present income, in General, do the following distribution: consumer 60%, investment 30%, security 10%.

1. consumption expenditure

Fixed monthly repayment of Bank loan of $ 2000, maintenance of both parents for $ 1600, and other basic living expenditure control in 2000. When a baby first born expensive, do not tanduo such as clothing, toys, avoid excessive pursuit of brand-name, but should be enough, combined with suitable. As little as possible with the card, month one-time extraction cost of living, pay cash directly to contain the blind consumer. Reducing social engagements, joy of shared parenting.

2. finance and investment

Bank loan of $ 200,000, cost of capital for the annual interest rate of 5.04%, so select the investment should be higher than the cost of, or should the loan. In addition, parents may need large sums of expenditure to age, also into account the return on investment and liquidity. Can use lazy investment law, fixed buy funds on a regular basis, when you need a large sum of money when the Fund can be realized immediately. In addition, 20,000 Hong Kong dollars can be deposited in the Bank of China, fried open Forex accounts speculate in foreign currency.

3. risk protection

In view of the existing shortcomings of health insurance, husband and wife and baby should buy a certain amount of health insurance for a rainy day. Essential baby future of higher education, compulsory savings in insurance company.

4. contingency reserve

There are small on the old, burst without preparation of expenditure may be more adequate contingency should be well reserves of gold, and stressed that its liquidity and safety. Existing demand deposits in the $ 50,000, leaving $ 20,000 savings, so that from the Bank at any time, save $ 10,000 as regular, with another $ 20,000 to buy Treasury bonds in the secondary market, treasuries higher interest rate and tax-free and can change at any time.