The Money Management Bible for Twenty-Twenty Women

Chapter 23 part
Part 8 In your twenties, be your coolest CFO
Chapter 2 Savings: The Most Familiar Stranger
Section [-] Make money and earn helplessness, save money and save myths

As the saying goes, there are seven things to open the door: firewood, rice, oil, salt, sauce, vinegar, and tea.Now we don't have to worry about food and clothing, and what we face every day are seven new things: housing, cars, medical care, education, insurance, communications, and investment.Looking at these new seven things, I couldn't help but feel heavy and cumbersome in my heart-it's really hard to be the financial officer of the family!

Financial experts say that if you want to be a rich woman, you must first be a talented woman.Learning is the first step.To be a qualified financial woman, you need to carry out real and long-term practice in terms of consumption, investment, security, etc., and use healthy financial management methods to realize your dreams.

Whether you invest in stocks, funds, housing, or shops; whether you buy wealth management products or invest in foreign exchange; whether you invest in stamps, currency cards, or antique calligraphy and paintings, you must have considerable professional knowledge. "Burning money".

The most important thing to pay attention to when practicing this skill is that investment thinking is always more important than technology.With such a basic understanding, it is recommended that "prospective financial girls" prepare a small book dedicated to financial management, and clearly record the following questions:

1 Understand the income situation, and clearly record the source and total amount of the family's monthly income.

2 Distribution of income.What percentage do you plan to invest, and what percentage is used for daily expenses or as a backup?

3 How much cash or current savings do you have?How much of it will you take out to invest?How many cash needs have you had in recent years?

4 How high is your risk tolerance?How high are your expectations?

Straightening out these problems is very important to become a wealthy woman with high financial quotient.Next, create a savings plan.This plan may sound too mundane, but if you are a young woman who is not in the world and is still accumulating wealth, saving must be your first step.

Many women in their twenties earn a good income, but they cannot accumulate their "first pot of gold". ... Before I knew it, there seemed to be no money to save.It is common knowledge that most people actually save less than they are able to save, but this has nothing to do with the amount of money an individual has, or the macroeconomic situation, it has to do with how people feel about money.For many people, spending money is a joy, and saving money is like a painful punishment.

So how do you deal with this situation where you can't save money and let yourself gradually accumulate wealth?

1.Open a deposit account

Find a bank that you don't have one and open a deposit account.Remember just to open an account, do not apply for any kind of savings card of the bank.Then start depositing money in the savings account, the amount is not limited, but you need to keep paying attention to this account.

2.time deposit

Withdraw 10 yuan, 20 yuan or 50 yuan from the personal salary account, in short, it does not need to be too much, and deposit it in the newly opened savings account.Give yourself some transition time to live with less disposable cash than you used to, and see what changes. After 2 to 3 months, increase the amount withdrawn from the salary account each time.

3.start with less

Just start saving 10% of your income, and then gradually increase, don't give up just because you may not be able to do it.It's far better to develop a good saving habit and save consistently than to deposit a large sum once in a while.

4 less makes more

Take out 5 yuan or 10 yuan from the wallet every day, put it in an envelope, and deposit a certain amount of money accumulated in the envelope into the personal savings account opened in the bank every month.Assuming that you save 10 yuan a day, it will be 300 yuan a month, and 3600 yuan a year!

5. Save money on bill withdrawals

Check your credit card statement to see how much you pay on your card each week, and if possible, reduce the amount you charge your card each month, i.e. "tighten your pockets".At the end of each month, deposit the savings into a savings account.

6. Set savings goals

The ultimate goal of saving money is to achieve personal goals. Female financial managers in their twenties should first pay attention to why they save money: do they want to change to a bigger house or buy a car?Is it for your baby, or do you want to study for further education?In short, write down all your goals, and then post them on the refrigerator, on the kitchen door, on the dining table, anywhere you can see them, and remind yourself.Know that there is a fundamental difference between spending now and spending later, which is often referred to as saving, and these goals on paper will increase your motivation to save.

(End of this chapter)