1. Emergency savings Emergency savings
A common practice is to deposit 12% of income or 6 months' living expenses.
High liquidity checking account
2. Retirement plan
For the middle and lower middle class, "financial management" is actually almost equivalent to "providing for the elderly". What is sadder than "dying too early" may be "living too long". If you can fully prepare funds for your pension and correctly combine your pension plan, you can basically sit back and relax.
Retirement plan accounts are: 40 1K/403b, annuity, Rothira, life insurance.
3. Education savings education fund
The inflation rate of education cost is about 6%-8% every year. The common data is 4.7% relative to the general inflation rate.
4. Family-occupied housing
From the perspective of financial management, the most cost-effective way to buy a house mainly revolves around three factors: down payment ratio, repayment period and interest choice.
Step 5 protect
For a middle class with an annual income of 50k to 100k, all that remains to be done is all kinds of insurance besides pension and education funds. Because in America, a small accident may cost you a whole year's income or even a lifetime's savings.
A. Medical insurance: Anyone who has stayed in the United States for a long time knows that being ill without insurance means that his savings or salary for one year or even several years are at risk.
B. Automobile insurance: compulsory
C. Family insurance
D. life insurance-life insurance. Generally speaking, when you need mortgage to buy a house, you will be forced to buy $ term insurance. Buy 20-30 yuan/month insurance corresponding to 654.38+0 million, corresponding to the age of 20-40. It's too expensive in the future, you can't afford it.