What Bad Habits Do You Get Poorer And Poorer?

For financial novice, the usual mistake is to get the wrong financing order.

At present, many people invest first, then prepare life reserve funds, then insurance, and finally carry on property inheritance.

However, the correct order for financial planners should be to prepare life reserve funds first, then make insurance plans, then invest, and finally make property inheritance.

The wrong sequence will probably affect your financial planning and the final result.

Many financial novice, especially young people, are easy to embrace the wrong concepts such as "I am young, I have no money", and "rich people manage money".

Another mistake that novice is prone to commit is blindly following the trend of investment and pursuing high returns only.

Ms. Liu told reporters that when faced with financial management at the beginning, faced with a variety of investment tools, it was difficult to choose, but had to buy it with colleagues and friends, but colleagues and friends were not necessarily experts in investment and financial management.

When blindly investing in the wind, Mrs Liu said that the product revenue recommended by friends was very attractive, higher than bank fixed interest rates, and some publicity yield was above 10%, but because product instructions were difficult to understand, she did not carefully study products, she also made mistakes in pursuing high yield and ignoring risks.

For financial novice, credit card is a double-edged sword.

For example, Tang told reporters that many credit cards launched various promotions, and under the instigation of the staff, he once held 5 credit cards of different banks.

But this led to the result of multiple credit cards causing financial chaos, he mixed up the final repayment date of each card, discount activities may not be able to catch up in time.

At the same time, a number of credit cards are also prone to "break the wall to make up the west wall" behavior, resulting in frequent arrears, wealth has no accumulation effect, and is not easy to get any bank upgrade services.

Do not remember that the final repayment date will lead to overdue repayment, which is why many cardholders left the credit record ash points.

Just as traveling is half the battle, so is financial management.

Pan Tao, an analyst with silver rate network, thinks that in fact, every drop in life is closely related to financial management. Today, how much is the cost of buying vegetables, how much money it takes to take public pportation, how much clothes it costs, and so on, which is rational consumption and rational shopping.

He reminded investors that they could not be used to blindly follow suit.

According to a previous survey, seven adults did not read the product brochure before buying bank financial products. This shows that blind investment is still widespread.

Pan Tao suggested that investors need to have a thorough understanding of investment tools, such as understanding the direction of investment, the risk and whether the principal can be redeemed.

For high-yield financial products, he suggests that first of all, goods can be found to be more than three, looking for products that are within their own risk bearing capacity. Then they will understand the investment of products and risk liquidity, and finally decide to purchase according to their own financial needs.

1~2 card is enough for credit cards. Don't blindly open more because of preferential treatment.

。

In the process of financial management, the "chopped hands" who are prone to impulsive consumption will undoubtedly make more mistakes.

Xiao Yun, a public citizen, likes online shopping very much. He always sees online discount activities, product packages and business promotion as impulse spending.

Almost every month, she will find some things that do not need or fail to meet the expectations on the Internet, and return the goods and produce new freight charges.

More than a year later, Xiao Yun realized that he thought that online shopping was worthwhile, but he spent a lot of unnecessary money.

The loss caused by this greedy and petty sense does not necessarily happen on the Internet. MS ho told reporters that in the past, she had done many "fitness cards" and "haircut cards". All of them had to pay in advance, but sometimes when they were lazy or really forgot, the pen money also sank.

For example, she once had a half year Yoga Fitness card near her friend's house. But in six months, she only went to less than 5 times when she just opened the card, but later she didn't go back to visit it for various reasons. The original time was less than 40 yuan, which turned out to be a few hundred yuan, and it was not enough to enjoy the one thousand yuan.

Another kind

The bad habit is to use credit card installments to buy goods. Especially when buying products with a higher value, installment payment can enable the "chopper" with limited economic capacity to achieve their purchase desire ahead of time. However, careful observation is also easy to overlook.

First of all, the installment fee needs to be paid. Generally speaking, the 12 installment fee is about 7%~8%, and the more instalments, the more reimbursement fees.

And those credit card instalments, known as zero interest and zero handling charges, often sell at a higher price than one-time purchases.

After spending a lot of money, credit card issuers often call the cardholders and advise them to carry out the installments. In order to reduce the monthly repayment burden, many people will choose the installment of the bill. If the repayment of the instalment accounts is repaid in accordance with the minimum repayment amount, it will not be desirable, but this is not known by many new credit card newcomers, and is prone to bad records of overdue repayment.

Unplanned and unrestrained spending habits have long been the norm for many young people. This is also the main reason why most people have been unable to save money for many years.

Pan Tao suggested that individuals and families make a ledger and carefully record every expenditure, which should not be spent at all times, and effective control.

Rational shopping.

For prepaid cards, consumers should understand the qualifications of merchants and measure their actual needs before buying them.

Although installment payment can lighten the burden in a short time, we should do our best.

Some wrong financial models of parents in their lives are also not conducive to their children's financial management.

For example, many families always respond to the needs of their children, so that children do not treasure their money and do not know how to control them. Parents themselves do not set an example when they spend money, and educate their children not to spend money while they spend money without plans; often quarreling for money is easy for children to produce "money is a bad thing" concept; some parents will promise children to get full marks or achieve a certain goal, but if they fail to fulfill their words and deeds, they will easily bring bad effects to their children.

Silver rate network analyst Zuo Fei suggested that parents should cultivate their children's financial quotient from an early age.

We can help children establish their healthy financial intelligence concept from three aspects.

First, establish a correct financial management concept, cultivate children's good financial habits, parents can start from daily life education, children's financial management education and concept training; two is small money into big money, every parents will give their children pocket money, the scattered funds to learn to use the system is an important step in teaching children's financial management, she suggested that parents can make use of some bank products to enable children to learn mandatory savings; three is to learn to earn money, can use the bank's children's financial products to raise children's awareness and ability to earn money.

In addition, parents can also use regular payment of petty cash to encourage children to remember small bills and other measures to train children's ability to spend money.