The best way to save money for children, how to cultivate childrens concept of money?

Date：2019-12-28 Publisher：

Children's growth is a very important part of the family, children's education and growth are inseparable from the careful cultivation of parents. Some parents start to save money reasonably for their children in advance, and make reasonable financial management for their children's long-term education. In fact, children's thoughts are not mature, and their understanding of money is not practical. As long as parents give correct guidance, they can help children establish a correct view of money.

The best way to save money for children

Nowadays, people often talk about saving money, but it's not easy to do it. Everyone knows the benefits of saving money, but not everyone can be diligent and thrifty. Do you know how to save money for your children as a parent? What's the way to save money? Then let's let Xiaobian explain it to you!

Move 1: education savings

Education savings are used for children to receive non compulsory education. They are usually saved and withdrawn at maturity. After the fourth grade of primary school, the children can handle it. At present, the maximum amount of its principal is 60000 yuan, and the deposit period is divided into 1 year, 3 years and 6 years. One year, three-year interest shall be calculated and paid according to the same level of lump sum deposit and lump sum deposit on the account date, and six-year interest shall be calculated and paid according to the lump sum deposit and lump sum deposit interest rate of five years on the account date. Its yield is similar to that of buying Treasury bonds. Education savings should be withdrawn as soon as they are due, because there is only current interest when they are due.

The biggest advantage of education savings lies in that students who have handled this business can give priority to student loans in the future. So for the incalculable future, we might as well consider making it a financial tool to prepare for the future.

Move 2: Monetary Fund

At present, compared with the storage method of multiple CDs, the method of zero saving and whole fetching has no advantage. Because now the limit of the whole deposit is as low as 50 yuan, it has higher interest rate than the zero deposit, more flexible withdrawal by batches and more random access limit.

If there is a demand for mandatory monthly savings, there is a financial product that can replace zero deposit - Monetary Fund. Its risk is very small, its income is equal to one-year fixed deposit, and there is no interest tax. At present, the redemption of the monetary fund is two working days after the redemption. The flexibility of the fund is very high, and there is no loss of early withdrawal.

In addition, treasury bonds and RMB Guaranteed Fixed benefit financial products generally have less risk, and the income can exceed the fixed deposit, which is also a good choice.

Move 3: Insurance

There are many parents who buy a lot of insurance for their children. What should they avoid?

Only protect children but not adults: if you only buy insurance for children, but adults don't buy it by themselves, once adults have an accident, the family is likely to get into trouble, and the insurance you buy for children is interrupted because you can't pay the remaining premium.

Only education but not insurance: the order of insurance for children should be: accident insurance, medical insurance and major disease insurance for children. On the basis that these insurances are all complete, we should consider buying education gold insurance.

Buy endowment insurance for children: many families with insufficient funds do not consider their children's pension problems. The insurance period should be up to their graduation from University, so that children can support themselves.

Do not buy exempt additional insurance: when you buy the main insurance, you must buy exempt premium additional insurance at the same time. Its terms stipulate that if parents die of disability, they will not have to pay any more fees, and their children's insurance will not be damaged, so that the family has no worries.

Give up the student's FPA: if the child has already bought the insurance, some parents are not willing to buy the Xueping insurance. In fact, as a group insurance, Xueping insurance has the advantages of low premium and high guarantee. It's better to adjust the insurance they buy and increase the Xueping insurance to get economic benefits.