**10,000 Fans Incentive Plan In "Rich Dad, Poor Dad", there is a sentence that is impressive: "What matters is not how much money you make, but how much money you can keep and how long you can keep it." This sentence is undoubtedly a profound revelation for us ordinary people.
Why is it always hard for us to save money? The reason could be that something is wrong with our financial planning.
Today, I'm going to share with you a simple and practical way to stay in control of your finances and save money by setting up 7 key accounts!
1.Emergency Imprest Account.
There are always unexpected unexpected situations in our lives, such as unemployment, illness, etc. In order to respond to these emergencies, we need to set up an emergency reserve account.
We can put 10%-15% of our monthly income into this account, and it is best to have a 3-6 month reserve fund to ensure that we can respond quickly at a critical time and avoid our financial difficulties.
2.Day-to-day expense accounts.
Staying on top of your daily expenses is the first step to saving money.
Therefore, we need to set up a daily expense account, such as our three meals a day, transportation, and daily necessities.
How much money is in the account is directly related to our quality of life, too little money wrongs ourselves, too much money is easy to cause extravagance and waste, so it is enough to meet the daily expenses of the family.
At the same time, we also need to develop the habit of bookkeeping, review at the end of the month, and clearly know how much to spend each month, so that the next month's expenditure is probably budgeted out, and the funds are deposited into the account. We'll be able to better control our spending, avoid unnecessary waste, and lay the foundation for saving.
3.Long-term savings accounts.
In order to achieve long-term financial goals, such as buying a house, providing for retirement, and paying for children's education, we need to set up a long-term savings account.
Deposit a certain percentage of the monthly income into this account, the money in this account is mainly stable, we can put it in fixed income + or bonds**, long-term accumulation will bring us considerable wealth.
At the same time, make a reasonable savings plan, save first and spend later, to ensure that our savings goals can be achieved smoothly.
4.Insurance Protection Account.
Insurance is an important tool for risk management and an important guarantee of our financial security.
Set up an insurance account and purchase insurance products that are suitable for us, such as critical illness, medical and life insurance. Deposit premiums into this account on time to ensure that you can receive timely protection and financial support in the event of an accident.
5.Grow your investment account.
If we want to achieve wealth appreciation, money makes money, and investment and financial management are an indispensable part.
Set up an investment and wealth management account and choose the right investment products according to your risk tolerance and financial goals, such as **, bonds, etc.
Of course, for us ordinary people, regular investment is the best target for wealth appreciation, and through reasonable asset allocation and risk control, the appreciation and preservation of assets can be realized.
6.Entertainment and leisure accounts.
Our lives are not just about saving money and investing, it is also about enjoying and relaxing.
Set up an entertainment account to satisfy our hobbies, travel plans, or occasional extravagant purchases, such as rewarding ourselves with a big meal when we achieve our goal of saving.
Putting a certain percentage of our monthly income into this account can make life more colorful, and at the same time, it can also improve our quality of life and happiness.
7.Continuous learning accounts.
In a fast-moving society, self-improvement is the key to staying competitive.
Set up a self-improvement account to learn new skills, take training courses, or buy professional books, among other things. Through continuous learning and growth, we enhance our abilities and values, which will help us continue to progress in our careers and achieve higher value!
By setting up these 7 key accounts, we will be able to better manage our finances, reach our goal of saving money, and achieve wealth growth!
Well, that's all for today's sharing, I hope it can help you in need.