For a long time, the main savings force in China has always been the retired elderly. This is because the income of the retired elderly is relatively stable, and the daily expenses are not too large, so they can always save some money every month. The difference is that young people, their living expenses are larger, and some people have to deal with the repayment pressure of housing loans and car loans, and it is difficult to save much savings. With the gradual increase in the savings in the hands of retirees, some industry insiders remind the elderly that there are some things that are easy to confuse and it is better not to do.
First of all, always remember the "three don'ts":
1.Don't concentrate all your savings in one bank. Nowadays, many elderly people like to keep all their savings in a nearby bank, so that it is more convenient to handle business. However, in recent years, there have been many cases of small and medium-sized banks going bankrupt and failing. Therefore, it is recommended that the elderly do not keep all their money in one bank, it is better to deposit it in several banks separately, and the savings plus interest in each bank should not exceed 500,000. In this way, even in the event of a bank failure, depositors will be able to receive full compensation.
2.Don't set a savings period for too long. Nowadays, in order to pursue higher savings interest rates, many elderly people choose to deposit fixed deposits for 3 years or more. However, the elderly also need to think carefully when saving money, depositing a fixed deposit of 3 years or more, once you need to withdraw the deposit in advance (such as medical expenses), you need to calculate it according to the current deposit interest rate. Therefore, it is recommended that retirees should not set the term of fixed deposit too long, and the term of 1-2 years is the most appropriate.
1.Don't give out your bank card number and password easily, especially when doing business. Some elderly people find it troublesome and give personal information to bank staff at will, but doing so may lead to a very small number of staff members stealing money from their bank cards.
2.In terms of investment and financial management, retirees should be cautious. Many people use their savings for ** and bank financial management, hoping to increase value and preserve value. However, due to a lack of investment knowledge and experience, blind investing can lead to serious losses. The current investment environment is not ideal, and even professionals are exposed to risks, so the elderly are advised to exercise caution.
3.Don't keep large amounts of cash at home. While it is necessary to store a moderate amount of cash at home, it is not safe to store too much. Many retirees prefer to have cash on hand, but it is safer to have a proper bank for security reasons.
If you keep a lot of cash at home, it's like no one can see it, but in reality, the thief quickly finds out. The money that the old man had worked so hard to save was probably stolen in this way. In addition, if you keep a lot of cash at home, if you don't take good care of it, you may get moth-eaten or moldy, and then some of the money will not be used.
Fourth, don't lend money to others easily. Some elderly people always like to show off that they have a huge deposit in front of relatives and friends. In this way, relatives and friends will come to borrow money. At this time, it is difficult for the elderly to do it, whether to borrow or not to borrow? If you decide not to borrow, you will have to fall out with relatives and friends, and you will most likely have a disagreement and part ways. If you lend money to relatives and friends, it will be more difficult to get it back than to ascend to the sky. Therefore, I advise retired seniors not to tell their relatives and friends how much they have saved, let alone lend money to others easily, because it is easy to borrow money now, but it is difficult to repay it.
Fifth, don't swap your savings for a house anymore. Generally speaking, there are two main reasons for the elderly to buy a house: first, seeing that housing prices have fallen, and hearing that there is a rescue policy, many elderly people feel that now is a good opportunity to invest in real estate, and think that only by investing in real estate can the value be maintained and increased. Another reason is that some elderly people have more savings in their hands, and they want to buy a pension house in other cities, such as going to the south in winter and returning to the north in summer.
However, we do not recommend that seniors convert their savings into real estate, because while it is easy to buy a house, it becomes relatively difficult to monetize a house. If an elderly person suddenly needs money in their lives, it is not easy to turn them into cash, even though they may have a lot of properties on hand.