How to save money

Good money-saving habit should be to let the hands of the money to fully turn up, as far as possible not to let idle, no matter how much money, as long as the money, you should use good every day, let money through the time of compounding money.

"The money to deposit the bank" although is a slightly "backward" financial management concept, but it is a lot of people have been keen on things, but "deposit bank" also has a lot of skills, saving methods properly, the benefits will be greatly improved. It is also a discipline to play with your savings and to squeeze dry bank interest. So, how exactly should you play the deposit in your hand? Financial experts have summed up the 5 major bank deposit skills to help you fully turn your spare money into your hands.

　　Tip One: Pyramid savings law

Pyramid Savings Law refers to a sum of money in the form of less to many, divided into a number of banks, respectively, when there is a small capital demand, only the smaller share of the fixed deposit out, so as to meet the demand for money, but also to maximize the interest income.

For example, 100,000 yuan of funds, divided into 10,000 yuan, 20,000 yuan, 30,000 yuan and 40,000 yuan four, respectively, do one-year time deposit, if in a year does not expire, need 10,000 yuan of emergency funds, then only four of the fixed deposit of 10,000 yuan out, and the other three interest income is not affected.

This approach applies to small amounts of idle funds that have money expectations within 1 years, but do not determine when and how much to use. With the separate savings method, not only will interest be much higher than life savings, but it can also minimize losses when taken out.

　　Tip 2:12 Deposit Method

12 Deposit method, refers to the monthly payment of a sum of money to the bank on a regular basis for 12 months, starting from the first month of the next year, each month will receive the corresponding regular income.

Maybe you don't have that much time to go to the bank every day, but you, as a salaried worker, are sure to get paid on a fixed day of the month, so don't just leave your money in your payroll account. Because the wage account is generally a demand deposit, interest rate is very low, if a large amount of wages remain inside, virtually lost a interest income.

You can make a 1-year term deposit slip by 10%~15% a monthly salary income. Do this every month, and you'll have 12 of your one-year term deposit slip in a year. From the second year onwards, each month will have a certificate of deposit expires, if there is an emergency, you can use, do not lose interest in deposit, if not urgent, these certificates can be automatically renewed, and from the second year, you can add the monthly deposit to the certificate of the month expired, re-make a deposit slip, continue to roll the deposit.

The 12 deposit method is used to obtain interest not only from the current account, but also from the beginning of the following month. If not, then add the new deposit of money, continue to do regular, both the flexibility to use the deposit, but also to get regular deposit interest, is a good both ways. If you persist in this way, you will accumulate a small amount of savings over the accumulated day. Therefore, the 12 deposit method has both the advantages of flexible access and high return. Experts remind, in the implementation of the 12 deposit method, each deposit is best to set the expiry of automatic renewal, so that you can avoid the suffering of more banks.

　　Tips 3:5 CDs method

Five CDs method is similar to the 12 deposit method, in order to obtain the highest interest and fully reflect the liquidity, in case of normal use, a sum of cash into 5 copies, a 1-year regular, two do 2-year regular, a 3-year regular, a 5-year period, and a year later, one-year maturity, the principal and interest removed into the 5-year deposit ; Two years later, two 2-year fixed expiry, one copy of the 2-year period, a copy of the principal and interest taken out of the 5-year period, 3 years after the expiry of the deposit, the principal and interest removed to 3 years of regular, and so on, 5 years later, the continuation of the 4-year period also expires, the principal and interest taken out of 2 years The last 5 years are regularly maintained for 5 years on a regular basis.

In this way, there will be five 5-year deposits on hand, and one will expire each year, thus maximizing higher interest rates. It is worth mentioning that the current five-year deposit interest 4.75%.

　　Tip Four: Interest rate Guide method

The interest rate Guide method refers to the use of national macroeconomic policies and reasonable choice of deposit cycle. If the central bank has the possibility of raising interest rates, it can choose a longer period of deposit; In this way, investors can catch up with central bank policies to adjust the rhythm and avoid interest rate risks.

　　Technique Five: Combined storage method

The combination storage method is a kind of saving method which combines the interest and the installment. If you have a large amount of idle funds, you can choose to deposit this money as a deposit of your interest. After one months, take out the interest on the first month of the deposit, then open a installment savings account and deposit the interest in it. Each month thereafter, the interest accrued in the first account will be withdrawn and deposited into the installment account. In this way, not only the deposit of the interest, but also the interest rate after participating in the installment savings, but also to obtain interest.

For example, a 100,000 yuan of idle funds, if the choice of 2-year period, 24 months have a separate interest to deposit another account, and then to take interest.

How to save money