10 Habits for Saving Failure

Most people "just" save as they do. I feel the necessity of saving and save, but I do not have enough awareness of tech. I just think that it is time to make a bankbook and to put some amount of money. And if you do not skip it and fill the deadline, you may get into the illusion that you are going to be living in a dirty way because you save too much.

But to be clear, savings are not "just". Savings are the most basic technology. I do not know how to calculate interest, but it is a funny thing to talk about finance. Some people say, "It's just a rough run and a few pennies." But to be sure, such a person is a person who does not have a base to be rich.

 If you do just as you do, you will only lose yourself. If you do not get the interest that you can get if you care about just a little while going roughly, it is not the main event but the loss.

It is a little less damaging to lose, but to lose. The loss of knowing is the act of the idiots in a word. Knowing and acting on behalf of damage can not be done anywhere. Rather, Babora only hears more.
So what do people lose and do not know?

① People think that some indirect products, such as installment-type funds, have a high rate of return so that they can collect their money much faster. However, considering the commission and risk, steady bank savings can help stabilize your bankroll more quickly. That is, the technique does not overcome persistence.

② Sometimes I feel that I need to save a lot and save unconditionally. It is a wrong idea. Unplanned savings can save you money in a short period of time, but you can get tired quickly and unexpected things can cause you to end your savings. Therefore, it is necessary to design a short-term-long-term life plan and construct a savings portfolio accordingly.

③ If you have a lot of passbooks, you may think that you are doing well. However, the number of bankbooks and proper savings do not matter. Depending on the purpose of the money, some types of bankbooks should be created and systematically managed with the appropriate number of bankbooks. This is because bank accounts management is also a technology investment. For example, if you separate your payroll and your living expenses, you can control your expenses efficiently.

④ There are many people who understand insurance as a kind of savings. Insurance is not a savings. These days, savings and insurance are often combined with savings insurance, which does not help much more than you might think. If you want to collect money, you should use savings. If you are prepared for unexpected accidents, you can get more benefits by using protection insurance.

⑤ If you are paying for expensive loans, you are paying a lot of damage. In general, it is wise to repay the loan quickly because the interest on the loan is much higher than the interest on the loan. And when you repay the loan, you have to make a repayment plan and repay systematically.

⑥ It is true that 15.4% of the tax on the interest of the savings is not paid enough 15.4% because it does not fully utilize the tax saving products such as tax exemption (0%), low taxation (1.4%) and tax preference (9.5%). It is a stupid act of suffering damage. If possible, make full use of the names of all your family members. However, there are cases where unconditional duty-free products are not favorable.

⑦ There are many people who do not know how to calculate the interest rate. Nowadays, each financial institution 's homepage has a financial calculator so that it can be used conveniently. But you should know the principle of calculation of interest and discretionary interest. If you know the principle, you can look at the conditions of the product you want to join and you can get more small interest. You should also make good use of ways to get more deposit interest. For example, a 25-month subscription for 24 months is more likely to attract interest.

⑧ The fact that the interest on the surface is higher than the compound interest, it is also a loss to use the isotope with high surface rate. Isolate gives interest only for the total amount at maturity, but compound interest adds interest again to interest at a certain period, so interest increases as time goes by. Of course, in a short period of time, compounding may not be beneficial, but compounding works well in long-term products.

⑨ If you have never been or become a head of household while saving, you are in big loss. If you become a head of household, you can get tax exemption and income deduction by joining long-term housing arrangement savings. You can get income deduction by joining subscription savings and you can get subsidy up to 75% in speculation superheating district.

⑩ Nowadays, banks are getting a lot of profits by raising the commission. Therefore, every time you do financial transactions, it costs a lot more than you think. The best way to save commissions is to use electronic banking, such as phone banking and Internet banking.
If you do not want to hear it, you will find ways to avoid it, and if you save it that way, you will get more interest.