Learning financial management

In the Spring Festival of 2019, due to the improvement of the economy, my father and mother not only got paid, but also got the year-end award. Therefore, my father and mother made an exception. I did not “collect” the lucky money I got, but let me take care of myself. I am very happy because this is my first time to “finance”.

I have to say that I have a lot of lucky money this year. I have a grandfather and grandmother. I have given it to my mom and dad, and my aunt’s friend gave it to my mom and dad’s friend. If you add it to me, The draft fee is more than 1,800 yuan. This is not a small amount of money for a child like me. I am happy, I wonder, how should I take care of this money? At this moment, my grandfather came to me and said that our small and medium-sized countries are all compulsory education. There is no big expenditure in learning. I suggest that I deposit the money to the bank and use it in high school. So, accompanied by my grandfather, I went to the China Postal Savings Bank in Luyang Street to prepare a savings variety and save the money.

On the bank's electronic display, I saw that the varieties that are regularly saved by light have three months, six months, one year, two years, three years, five years, etc. Grandpa Say your own money and decide to save the savings. I think that since this money is going to be used in high school, it will last for at least four years, so short-term savings of three months and six months must not be achieved. So, should it be a one-year or two-year or three-year plan? Grandpa said, you are now in the fifth grade, and you will know if you count yourself. So I took out my pen and calculated the income of the deposit year by year.

The one-year deposit interest rate is 2.25%, the first year's income is 1800, the second year is 1800, the fourth year is 1800, then the four-year total income is 1967.55 yuan; the two-year deposit annual interest rate is 2.79. %, the first year's income is 1800, and the second year is 1800, because we can save twice in the second year, then, in the fourth year is 1800, the total income of four years is 2000.88 yuan; we will come again now Calculate the income of the three-year period: the annual interest rate of the three-year deposit is 3.33%. According to the calculation method of the two-year period, the annual income for three years is 1800=1979.82 yuan; because we can save another year, then the fourth The annual income is 1979.82 = 2024.37 yuan. After this calculation, I know that the one-year income is the lowest, and it takes time and effort; the three-year plus one one-year income is up to 2024.37 yuan, and the four-year value can increase by 224.37 yuan. And the number of deposits is the same as the two-year period, both of which are secondary. Therefore, I resolutely decided to choose to save for a three-year period, and then wait for the one-year period after the expiration. I told my grandfather the results of the calculations. My grandfather was very happy. I praised me with great strength and was able to use my knowledge to manage my wealth.

I think that if the next year's lucky money is still taken care of by myself, I will not have to worry about it if I go to the bank to deposit. It is also a high school and I can choose a three-year period.

Kunshan City Huacheng Meidi National Primary 5: Luo Wei