How low-income families "turn over" and "run without money" needs better family financial planning.

In real life, when some low-income families talk about financial management, they keep sighing and feel that their family income is low and they have no money to manage. In fact, financial management is closely related to our lives. The less money you have, the more you should manage your finances carefully. For low-income families, how to manage money well, financial planners come to give advice. As long as you practice the "three tricks", you can win this "comeback" war.

The first trick: cut expenses and build a tower.

Many low-income families face the problem of "less income and more consumption". On the premise of not affecting their lives, low-income families should reduce unnecessary consumption, minimize spending on shopping and entertainment, and ensure that they can save some money every month to gradually increase their wealth. If you really want to make good use of this trick, the financial planner suggests that low-income families keep books every day, carefully analyze the books at the end of each month, and summarize the household income and expenditure.

The second trick: diversify your investment, Qian Shengqian.

Low-income families only rely on simple income, which is far from the other side of wealth to reduce family expenses. There is also a second trick: "diversify investment and make money." Why mention "diversified investment"? Financial planners consider that the general risk tolerance of low-income families is not very strong, and relatively speaking, diversified investment strategies have better risk avoidance ability. In terms of investment tools, low-income families try to choose safe ones, such as bank deposits, government bonds, money market funds, and capital-guaranteed bank wealth management products. They can even choose some financial institutions' fixed expected annualized income wealth management products, such as Yisheng Wealth Yishengbao products of a financial institution. The historical expected annualized expected rate of return starts from 10% and is paid in four years, with high safety factor.

The third measure: pay attention to safety and stabilize wealth.

The last trick is also "pay attention to safety and stabilize wealth" that some low-income families tend to ignore, because some of them think that their health is ok now, and it is not too late to wait until they have money. But when a serious illness comes, it is too late to buy insurance for protection. If you are hospitalized for a serious illness, it will be tens of thousands or even hundreds of thousands. Light people use up all their savings at home, while heavy people are heavily in debt. Therefore, financial planners say that low-income families must pay attention to family security, buy some insurance, improve family risk prevention ability and stabilize family wealth. It is also suggested that low-income families should take "health care" insurance as the main insurance, supplemented by critical illness insurance and accident insurance. The order of buying insurance is adults first, then children and the elderly.

Low-income families can certainly win the "turnaround" by practicing these three tricks. In addition, financial planners reminded that low-income families must be more cautious in investing. Once the investment fails, family wealth is most likely to suffer heavy losses. If you really don't understand investment and financial management, you can ask financial experts for help. They will give you good financial advice and help you do a good job in family financial management.