How to determine the position of savings in personal finance?

When it comes to personal finance, many experts will warn people that personal finance should follow the principle of "three points", that is, one-third of the remaining income should be deposited in the bank, one-third should buy securities and one-third should buy real estate, except for the necessary expenses of personal daily life. In fact, the situation is not so simple. The survey shows that China residents' investment channels are savings, securities, insurance, physical objects (including collectibles, value-added commodities, real estate, etc.). ), as well as direct investment in running enterprises and doing business. China's household savings have always maintained a high proportion, reaching more than 50%, while investment in bonds, stocks and other securities only accounts for about 10%. Compared with the growth rate of savings deposits in China in recent years, it can also be seen that the growth rate of savings deposits is much higher than that of wages, that is, residents not only use most of their new wages for savings, but also deposit a lot of income other than wages in banks. It can be seen that savings play a very important role in personal financial management. Most people are still accustomed to storing spare money in banks, and savings deposits are still the main body of personal financial management. The main reasons for this phenomenon are as follows:

(1) Traditional concept: China people have always been frugal and kept spare money in the bank, which has formed a fixed pattern in people's minds.

(2) Motivation of saving: Maintaining daily living expenses, increasing the cost of weddings and funerals, accumulating funds for children's education, preparing to buy a house and a car, and preparing for old-age care and medical care funds are the main motivations and internal motivation of Chinese residents' saving.

(3) Policy: China has always adopted a policy of encouraging and protecting personal savings, and followed the principle of "voluntary deposit, freedom of withdrawal and confidentiality for depositors", making bank deposits the most reliable and safest financial management tool in the minds of residents.

(4) Actual situation: As the financial markets such as stocks, bonds, funds and insurance are relatively imperfect, and other emerging investment markets such as stamps and foreign exchange have not yet formed a scale, these financial instruments have various limitations, objectively making deposits the mainstream of residents' financial management.

(5) Advantages of savings: Compared with stocks, savings have stable income, low risk and high security; Compared with bonds, savings are flexible and convenient, with strong liquidity, many types and unlimited deposit and withdrawal amount. Therefore, savings have become the preferred investment channel for personal financial management.