Learn to deal with banks
Financial experts believe that the most basic financial management ABC for college students must first learn how to deal with banks. Don't think that going to the bank is just as simple as withdrawing money and saving money. Even a simple deposit can learn a lot about financial management. During middle school, although students have independent accounts in the bank, most of them are directly controlled by their parents, and they have no perceptual knowledge about saving money, withdrawing money and calculating bank interest. By dealing with banks, college students can learn the most basic financial knowledge, some service functions of ATM machines and credit cards, and learn how to manage money independently.
Xiao Li, a college student, has enough living expenses every semester. It turns out that Xiao Li always saves money. Later, she changed the deposit method, changed the current deposit into a notice deposit, and regularly went to the bank to withdraw cash after planning her expenses every month. After a semester, Xiao Li found that his account had a lot more interest than before, and shouted "I found the feeling of financial management". Learning to deal with banks is not just about depositing and withdrawing money. Mastercard international's survey of 1500 college students in Beijing, Shanghai and Guangzhou in April this year shows that cash is still the most important payment method for college students. With the increasing popularity of credit cards, financial experts suggest that college students can try to use credit cards instead of cash for some payment activities. In fact, using a credit card is not just about spending money tomorrow. Credit cards generally have a 50-day interest-free period. How to make full use of these 50 days and strive to maximize the use of funds is also a lot of knowledge, and the tips and experiences can only be realized through practical operation. At present, China Merchants Bank, China Construction Bank and Industrial and Commercial Bank of China have all launched credit cards for college students, and some special services such as preferential cash withdrawal and free deposits in different places are not available in ordinary credit cards. If we can make good use of these functions, we can undoubtedly save a lot of transaction costs.
Experts remind that college students should live within their means when using credit cards. Excessive consumption will not only increase the economic burden of yourself and your parents, but also have a bad influence on your future consumption habits and economic situation. In Hongkong and Taiwan Province Province, many college students overuse credit cards and only pay the minimum repayment. After graduation, I found that most of my salary was used to repay credit card loans, and I became an out-and-out "card slave".
It is very important to increase revenue and reduce expenditure.
In the financial planner's plan book, you can often see suggestions on increasing revenue and reducing expenditure. For college students, it is equally important to make their own financial planning. Nowadays, many college students feel that "money is not enough to spend". The most positive solution is to find ways to increase income to make up for the embarrassment of insufficient funds.
Work-study program is the most common "open source" way for college students at present. Helping teachers do scientific research, tutoring and taking part-time jobs in some companies or enterprises are all ways to help college students increase their income. However, financial experts point out that open source alone is not enough. The key is to learn how to manage and plan your own money and learn to cut costs. The bank financial planner suggested that college students might as well start with bookkeeping. After doing part-time jobs, many college students feel that they have income and start spending money lavishly. Expenditure on meals, entertainment, etc. has soared. By the end of the month or the end of the term, their funds are still tight and they even need to borrow money to "transition". Financial planners say that many college students don't have money to spend, but don't spend money. They should write down their expenses every day, and after a period of time, they can try to save those expenses that can or cannot be spent. If you deposit money in the bank, you can still get a lot of interest.
Try to make some small investments.
In addition to work-study programs, college students can actually try to make other investments. Zhang Xian, deputy director of the retail banking department of China Merchants Bank Shanghai Branch, suggested that college students with a certain economic foundation can try to make some real "investments"-such as fixed investment in stocks and funds.
Getting involved in these investment fields is not entirely for making money, but more of an "exercise". Xiao Zhao, a college student, tried to invest in "paper gold" in China Construction Bank. After learning some knowledge about gold investment, Xiao Zhao turned his lucky money into "paper gold". Due to the rising gold price in the international market, the investment of more than 4,000 yuan earned more than 2,000 yuan in less than half a year. This experience made Xiao Zhao interested in investment, and he began to pay more attention to the field of investment and financial management.
Although these investments are more risky than deposits, only through "actual combat" can we better understand the investment market and accumulate experience and lessons for future investments after entering the society. However, investment should also be done within our capabilities. Don't invest too much money at the beginning, lest the investment fail and lose a lot.