Families earning $ 15,000, want to buy a House would like to send their daughters to go abroad or want to travel each year. This special fi similar family zhizhao step-family into a long-term financial management.
Family assets table: House: worth 500,000 yuan around stock: market 70,000 yuan around family monthly payments table: monthly income: 15,000 yuan monthly expenditures: for building 3,000 yuan children Shang kindergarten: 1000 Yuan living: 1000 Yuan hydropower gas, Miscellaneous: 600 Yuan raising car costs: 1000 Yuan other miscellaneous expenditure: 2000 Yuan expenditures total: 8,600 Yuan monthly surplus: 6,400 Yuan purse does not drum wishes many Wu Mr a three mouth, daughter 4 aged.
Mr Wu\'s objectives are: hope daughter after graduating from junior high school to study abroad, and before doing so again for a house in the urban area, to facilitate the work, and to have sufficient funds to travel once a year (about cost of 10,000 yuan/times).
Mr Wu calculation according to Mr Wu\'s ideas on the financial goals, a total of three charges. Education funding, funding of the purchase and travel funds. Now Mr NG surplus of $ 6,400 per month, assuming that daughter 16 years of high school abroad, investment period 12 years, accumulated a total of $ 921,600. We\'ll take a look at Mr Wu\'s goal total of how much money, to high school and College 7 years abroad, conservative estimated cost of $ 700,000, purchased a 80 square meters room conservatively estimated 500,000 yuan in the urban area, travel cost $ 10,000 annually a total of 120,000, the three pieces required to cost a total of $ 1.32 million. This does not include emergency funding and planning insurance funds. Therefore, Mr Wu family financial situation and plan expenses have greater access to his life.
Family into long-term financial step this special fi Pudong Development Bank fiscal Division Ying Li study in detail the case of Mr Wu. She believed that Mr Wu is very typical in Shenzhen, two incomes, has entered a family of three not long ago, belongs to the family into. Families in this period, revenue rising spending continues to increase, to balance the budget, appreciation was particularly important to achieve wealth. Comprehensive consideration of Mr Wu\'s objectives should be in the following order: financial security planning > contingency fund arrangements > children\'s education planning > house plan > other targeted planning > cash flow management to overall arrangements for financial planning.
Analysis of Mr Wu\'s assets, fixed assets and financial assets, have been acquired. But only stocks of financial assets, is single, and risky. Experts suggest that $ 70,000 stock if it is not losing money, may be appropriate to cash in part as other investments. Mr NG monthly spending as a share of revenue 57%, larger than the relative, not conducive to the accumulation of wealth, should therefore be to reduce unnecessary expenses, such as other miscellaneous expenditure.
Financial security first is the first step family finance financial security planning. Insurance is the main means of achieving financial security goals. Since he and his wife are pillars of the family, you should buy a certain amount of life insurance and accident insurance. Amount roughly to the premise of life of children no longer need for help, assuming that daughter 23 years of independence, there is 19 years, household spending $ 100,000 a year, $ 1.9 million total insured amount required, the sum insured in proportion to their income than do distributed between husband and wife, as he and his wife younger, most of the accident insurance, supporting a certain amount of life insurance. In addition, Mr Wu is for room proposed purchase home insurance products. Insurance costs can be controlled more than $ 10,000 a year.
Emergency funding necessary emergency fund is to support the family when the accident occurred a rainy day. Its amount is 3~6 times the General day-to-day expenditures per month for the family. To ensure the flexibility of its drawn, General of the Fund in the form of savings deposit. Proposed part he extracted from future income on the one hand, or stock cash as an emergency fund, on the other hand from the existing monthly expenditure part throttle. Emergency funds can be placed in 3~4 million, after family emergency fund, should promptly make up from the daily accumulation of income or wealth back to the original level.
Education planning early Mr NG kids now 4 years old, to its high school, about 12 years, children in high school and College for 7 years, if the annual average cost of $ 100,000 (conservative estimate), a total of $ 700,000. Expected average annual yields of 7% (medium), since he does not have an existing capital investment, now started should invest $ 2,990 monthly. To achieve 7% yield in the next 12 years, it is recommended that portfolio for the savings (or money market funds) 20%, 10% bonds, Fund 45%, stock 25%. This approach to investing for the average investment cost method, that is, to a fixed amount each month to buy stocks or funds or bonds, buy when the prices of investments decreased by some, rose less and buy some. Such investment can reduce the investment effort, and purchased in batches can reduce the price of investments held by the average.
Long-term investment to buy a house price 6,000 yuan per square meter in the urban area, a conservative estimate of three area needs around 80 square meters, the required amount is $ 500,000. A 5-year investment period, estimated the average annual rate of return 6%, $ 6,527 Mr NG monthly investment, obviously insufficient. Proposed to extend the investment period is 10 years, is expected to average annual rate of return 7%, Mr Woo investment $ 2,747 per month, same investments and education planning.
Cash flow management moderate he is now a monthly savings of $ 6,400, to accumulate education and Housing Fund to carry out insurance planning, total investment of $ 6,570 per month, which does not include the emergency funds, and tourism. And education demand and purchase capital estimates are conservative, can fully shows that Mr Wu\'s lack of cash flow, should be adjusted financial goals. Recommendations from several aspects to consider: reduced monthly expenditure; possibility of letting the children finished high school and then went abroad, and save costs, and extend the investment period; such as the acquisition of new premises, old real estate liquidations; $ 10,000 a year tourism plan is not considered for the time being, for the required insurance planning.
In addition, the expert suggested that Mr Wu
Year financial plan should be a check according to changing circumstances make the necessary adjustments.
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