The September review has not been time to do, in the afternoon a little empty sat down to review the September family finances, found that September spent a lot of money, is the largest month of the year.
Expenditure: Among them, a property fee of 6000+ was paid, which is a big expense, 10,000+ per month fixed mortgage, 1600+ baby expenditure, 1500+ for mr. friend marriage, the rest is our daily expenses, a total expenditure of 2.5 million +, you say that meat does not hurt meat.
Income: This month's income is 35,000+, so the balance is 10,000.
Income is still the four channels of work income, part-time income, rent, and financial income. My overall income has increased this year and it's more pronounced, and I like to review everything so I can better grasp the opportunity.
This year I have a very deep experience: as income increases, expenses will also increase significantly, no matter how much money we make, if we can't balance it financially, it will also feel very difficult.
1: Break even
Every month when I review the family's finances, the ledger will tell me that I have more income, but the balance rate is not high. On the one hand, hard expenses such as mortgages account for the majority, and on the other hand, spending money is not very economical.
Such as weekends out of the food night supper, milk tea coffee, etc., change seasonal clothes to buy and buy, etc., each of which does not seem to be much, but it can cost thousands of dollars together.
To sum up, to solve this problem, in addition to adhering to bookkeeping, regularly summarizing consumption habits. I started to put a sum of money into the fund buying account as soon as I paid my salary, and most of my income was used to buy the fund, which was my main channel of investment.
If you overspend this month, move the non-essentials to the next month. Then there are the foreseeable large expenditures, and plan to save money in advance.
The most important thing for us in family financial management is that income must be greater than expenditure, which is the first step to achieving financial balance. Whether we earn 5,000 a month or 50,000 a month, we can achieve financial balance as long as we plan according to our own income and expenditure.
2: Balance of opportunities and risks
At the beginning of this year, the market climbed to 3700 points, and many people were attracted by the money-making effect of the fund and became a member of the basic people.
What is unexpected is that after the Spring Festival, the adjustment has continued, and the fund that has been bought for a year is even a floating loss, which makes people doubt life? Then cut the meat to redeem, loss to leave. Such people just see the opportunity, not the risk.
There are two sides to everything, investment is the same, opportunities and risks coexist, we can not only look at high returns and ignore high risks.
When investing, in the long run, the opportunities far outweigh the risks. In the short term, more up is a risk, and more down is an opportunity.
Investment, the right concept + the right method, can achieve the doubling of assets in the long-term investment process. We often hear about the rule of 72, but in practice, it is sometimes the sensibility that prevails, and it is recommended to operate more and operate less.
In addition, we need to "put eggs in different baskets", which refers to the diversification of different investment categories or attributes, rather than the number of funds, otherwise it will not be able to diversify risks and asset allocation.
3: Balance of debt and assets
Each family has its own plan, such as a family plan to change the car within three years, replace the school district house within five years, the child's education fund, and their own pension. We need to be aware of these things and plan ahead.
The debt ratio is recommended not to exceed 60% of the total assets, which our family still controls well.
Currently my family's practice:
01 monthly deposit for children's education funds; 02 monthly pension for themselves; 03 monthly deposit in dream funds;
If there is a large amount of income such as bonuses, it will be added to the education and pension accounts in proportion.
"Once and for all" is a tumor left to us by our genes, it is difficult to eradicate such ideas, but it is not without a solution, we have to warn ourselves: whatever we do, take it as a milestone in growth, complete it, and start the next mile.
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Source: Suizhi Community Saving money is better than eating soil