Read the first book to understand investment and financial management

Chapter 12 Savings and financial management, make a good reserve, and relieve worries about the future (3)
The salary card of Xiaoding who works in a telecommunications company is Dongfang Card.He took his salary card and ID card and applied for the automatic appointment transfer service at the counter of a branch nearby.The Oriental card business of Shanghai Pudong Development Bank actually divides an Oriental card into two parts: a current account and a fixed account.According to regulations, the reserve fund base in the current account does not exceed 20 yuan. Since Xiao Ding usually does not have frequent personal investment activities, he set the term of the fixed account to one year.According to the personal savings interest rate of the bank on that day, the annual interest rate for one year is 1, which is significantly higher than the annual interest rate of 198 for demand deposits.From now on, on the 072th of each month, the bank will transfer the part of the card exceeding the base amount of 25 yuan to the regular account in units of 20 yuan.The staff at the counter also told Xiaoding that if he is using a card to make a purchase or withdrawing cash from an ATM, and the balance in the reserve fund account (i.e., the current account) is insufficient to make the payment, the system will automatically withdraw the required amount from the agreed time deposit account according to the "last-in-first-out" method. According to the principle of "out", it will be agreed that the time deposit will be canceled one by one, and the principal and interest will be transferred to the reserve account together, so that Xiaoding can swipe the card without worry, while the remaining deposits in the time account will still be settled according to the regular interest rate.When the agreed time deposit account expires, the system will automatically transfer the deposit at maturity, and the interest will be transferred to the new principal after tax deduction.

At present, in addition to Shanghai Pudong Development Bank, China Construction Bank, Agricultural Bank of China, and China Merchants Bank can also handle similar automatic agreement transfer services, but they all exist in the form of individual depositors and cannot be directly used as salary cards.And the premise is that the debit card of the bank must be applied for, that is to say, the agreed transfer is a function attached to the debit card.

How to use the salary card to manage money requires knowledge and attention.Flexible use of various deposit methods, let the bank pay various fees on behalf of the bank, and use bank cards to invest in stocks, funds, bank wealth management products, bonds and other investment activities, which can wake up the "sleeping money" on the family salary card account, so that the salary card Only then can you become more energetic, manage your finances very easily, and get more income from your salary card.

How to mine more wealth from credit cards

In recent years, the financial management function of credit cards has been recognized by more and more people, and more and more people apply for credit cards.However, according to the investigation and understanding, although many people already hold credit cards, how can credit cards give them the best financial help, especially how to "borrow" cash without any cost? I don't even understand it very well.In fact, there are many clever ways to "borrow" money by credit card. The following financial experts introduce the following for reference.

One or three cards can be used alternately, interest-free loan

The salaries of Zheng Zhifei and his wife belong to the upper-middle level in the local area, and their lives have always been relatively good.Therefore, the couple wanted to buy a private car to drive.So, during the National Day in 2011, the couple saw a family car in the city's auto market, bought it and drove it home, but since the car came home, his family's life has become difficult It is because they not only spent most of their family savings when buying a car, but the couple also took out some car loans for the part that was not enough to buy a car.In this way, in addition to repaying the 35 yuan car loan every month, the monthly consumption expenses such as gasoline and car maintenance are also very expensive. The original intention of the couple to buy a car was to be happy, but now it has become Became troubled and distressed.There is no money for normal consumption, and life is much tighter than before.In this situation, the couple never thought of it when they bought the car. They regretted their impulsive buying of the car, and they didn't know what to do now.When a friend who worked in a bank learned about his family's situation, he immediately gave his family a good idea for financial management. The friend suggested that the husband and wife go to each of the three banks to apply for a credit card, that is, to use three credit cards alternately. You can enjoy small interest-free loans from the bank for up to 50 days every day without paying any interest.

Unexpectedly, after listening to my friends and applying for the card, by "using" the special functions of the credit card, the plight of their family's lack of money was solved at once, and it really relieved the pressure on their family's car loan repayment and daily household consumption to the greatest extent. .The specific method is: Zheng Zhifei and his lover have jointly issued 3 credit cards. The statement date of one card is on the 1th of each month, the statement date of the other card is on the 5th of each month, and the statement date of the last card is on the 1th of each month. at the end of the month.During the period from the 11th to the 1th of each month, they first swipe the card whose billing date is the 6th to get the longest interest-free period.During the period from the 12th to the 5th, the card payment date is the 12th.From the 30st to the 11th of each month, the last card is swiped.According to this method, Zheng Zhifei and his lover will successfully break down the large monthly consumption into nearly 1 months.

Friendly reminder: When using a credit card, if you start spending on the day after the statement date, you can enjoy the longest interest-free period.Therefore, after applying for a credit card, it is best to spend within the first few days after the bill date, so that the interest-free period will be longer than after using a credit card.If any family can apply for multiple credit cards like Zheng Zhifei and his wife, they will still flexibly use the different billing dates of these cards to extend their interest-free repayment time.However, if any family has more than one credit card, the accounting dates of these cards are very easy to be confused.Therefore, financial experts remind those families who want to use this kind of multiple cards alternately and enjoy interest-free repayment for a long time, in order to avoid accidents, they will not be fined by the bank for delay in repayment.In addition to keeping a reasonable grasp of the consumption limit of each card, it is also very important for cardholder families to prepare a detailed list for backup. Not only should the bill diary of each card be cleared, but also the repayment date should be listed item by item. Only in this way , so that these families can really get the "benefits" of the card, so as to fully enjoy the happiness brought by the interest-free consumption of credit cards.

[-]. Spending on behalf of others, using cards to make money
The children of Zhang Liqiang and his wife are now in junior high school, but they still can't change their playful nature.Therefore, their husband and wife will inevitably become guests at gatherings of relatives and friends.Although every gathering is AA system, but because the salary income of the couple is not particularly high, so the annual gathering must be a big test for their family's financial expenditure.However, under this current situation, the couple has their own way of managing money, so their family still enjoys their lives.The secret is that the husband and wife each have a credit card. Having this card not only makes them look good every time they have a party, but also often helps them earn a lot of money.

It turns out that every time a friend gathers, when it comes to the checkout, the couple will take the initiative to ask for the bill.This is not because the husband and wife are generous, but because the husband and wife use their own credit cards to settle the bill, and then their friends give them their share of the money.As a result, the couple's credit card consumption points will accumulate more and more.With these valuable points, the couple received many small gifts from the bank.Zhang Liqiang and his wife, who are getting better at using credit cards, are even more dissatisfied with these things. When encountering a friend who needs a large amount of shopping, the couple will usually ask to accompany them to go shopping.The idea is to pay friends with your own credit card and collect cash from them.In this regard, Zhang Liqiang and his wife are quite proud: there is a handling fee for cash withdrawal by credit card, but this method of our husband and wife does not use any money, and we can still "borrow" money from the bank.

Friendly reminder: At present, there are many families and individuals who have a credit card for consumption and fully enjoy the interest-free discount of the credit card, but there are not many people who are very smart about financial management like Zhang Liqiang and his wife.Of course, if you want to pay for your friends like Zhang Liqiang and his wife, it is actually not easy to "borrow money" from the bank, because you may not be the protagonist in friends' frequent dinner parties, and you will not always be around. There are friends who need to spend a lot of money but do not have a credit card, so this financial management strategy is only useful for specific people and specific circumstances.In addition, if you want to earn points by swiping your card, you also need to see what kind of POS machine you are swiping and what kind of goods you are consuming.Under normal circumstances, you can only earn points according to the amount by swiping your card at the POS machine in such consumption places, such as dining in big restaurants and buying home appliances in large home appliance stores, except for special products.If it is a consumption such as buying a car or a house, even if the payment is made with a credit card, it is considered a special consumption because the amount is too large, and the bank will not support cardholders who want to earn points.

[-]. Buy monetary funds and use card money to make money
Both Chen Xinyu and his wife work in local companies. Although their monthly salary is very limited, they have their own way of managing money. They must pay attention to high returns and skills in investment.Most of them are buying treasury bonds and investment funds skillfully, because the returns of these two types of investment are often higher than that of bank savings deposits. In November 2011, when the husband and wife went to the bank to buy funds, they saw that the bank vigorously promoted credit cards. The advantage of credit cards is that they can be consumed first and then repaid, and there is no need to pay bank interest during the interest-free period.

So, the couple were moved, and each applied for one.After getting the credit card, Chen Xinyu and his wife, who are financially savvy, quickly discovered a new profit-making use of the credit card.The method of their husband and wife is: after the husband and wife pay their monthly salaries, they set aside 8 yuan in case of emergency cash, and use the remaining money to buy their favorite fund type - money market fund, usually They try to "pay" through the card as much as possible, and then the couple set the money market fund redemption date on the day before the credit card repayment date, so that it is equivalent to using the redeemed money market fund money to repay the credit card. money.Although the rate of return of money market funds is not too high at present, it is still much higher than that of bank savings and current deposits. Therefore, when the money market fund is redeemed every month, Chen Xinyu and his wife will earn between the two The price difference, to obtain the indirect income of the credit card.

Friendly reminder: For Chen Xinyu and his wife, they cleverly use credit card investment funds to obtain income during the interest-free period of the credit card. It is a good financial management technique for any family to obtain income. This method will not only guarantee the repayment of credit card loans on time , and it can also allow Chen Xinyu and his wife to develop a good habit of investing and managing money.Of course, the couple can use that part of the money to buy not only money market funds, but also investment products such as stock funds and bond funds, so as to obtain the price difference.But on the other hand, investment funds will have certain risks after all, even money market funds are also unavoidable. Therefore, financial experts suggest that for those families who want to use this method to manage money and make money, they must take into account when buying funds. Pay attention to your own repayment ability and the credit limit used by your own credit card consumption, so as to avoid the investment family being charged a lot of fines by the bank due to insufficient repayment ability and overdraft amount exceeding the credit limit.In this way, the losses outweigh the gains for these families.For this reason, families must carefully consider when investing in this way to make money, and be careful that if they fail to steal the chicken, they will lose money instead.

Understanding the attributes of credit cards and mastering the tricks of using credit cards can enable credit cards to bring real "benefits" to yourself and your family, so that you can fully enjoy the benefits and happiness brought by credit card consumption.

(End of this chapter)