Spend a nice college time

You may be still in your college time. And do you worry about your expenditure still out of guarantee? Parents are likely to afford you certain living expense each month. But it may doesn’t make ends meet. Anyway, college students now have many consumption. It may be ashaming to turn to parents for help all the time. So it’s necessary for you to do some finance for an easy and happy college time.

First, well plan your important expenditure everyday and make a record if possible. It helps you well know your life spendings. As the saying goes, a good grasp of yourself and the opposite makes no fight lose.

Second, try to apply for a credit card with your certificate offered by college. Banks don’t demand high requirements from students.  But, the overdraw amout is low unless you can afford an asset certificate. In most cases, it’s not realistic for students. A credit card can well satisfy your cash demand in emergency. But bear in mind, you should pay them back in payment period. Or your credit record will be influenced and interent will arise.

Third, you can apply for student loans from banks. This is not applicable for anyone. In most cases, banks need you to offer poverty certificate. But no loan mortgage or guarantee is required. The loan amount is not higher than 6000 yuan each year. As for the loan interest, it is according to the banchmark rate set by People’s Bank of China without up-floating. It is subsidized by central revenue druing college time. But it’s your own business after you graduate. You can choose to pay back the loan in one sum or by installment in college time if possible. You can also leave this to the working time and deduct the fund from your earnings each month.  If you behave excellent, the loan can even be reduced. Anyway, student loan will help you better go through your college time.

Solutions always overamount problems. Well plan your college living,  and have a nice college time.

Financing foreign exchange products

With the economy globalization, foreign trade business is greatly developed and it brings personal foreign exchange earnings.  In most cases, people deposit them in banks for interest earnings or exchange them into RMB.  But you can also make investment with it on certain products carried out by Banks. Bank of China is quite specialized in this field, and here goes the introduction.

The foreign currency rate  changes slightly each moment, but it keeps certain level during a period.  There are some factors affecting their changing trend, mostly the international economy situation.  The currency rate is always strong if the country it belongs to maintains fine economic situation. And the market confidence is important for its stability. So we need certain product to avoid the uncertain flucation.

There is a business called Long/Short Forex. It is a foreign exchange transction tool for both long and short. The business is well conducted through the pricing and transaction platform offered by BOC.  Personal clients need to deposit certain insurance amount over warehouse limit in advance.

It owns three main characteristics. First, it supports several different currencies such as USD, EURO,GBP,JPY,CAD etc totally amounting to eight. Second, it supports multiple transaction methods, including transaction on spot or by entrustment. That helps investors better grasp rapidly changing international situation. Third, it is quite simple and of high security. Clients can well commit the transaction online on BOC new foreign currency transaction terminal. User name, password and E-token are well required on log-in. So don’t worry about the security.

 Any natural people of complete capicity for civil conduct can apply for this business in BOC.  You need to open a personal account of  Long/Short Forex in BOC counter for the special transaction.  Just submit certain materials banks require, then you can well conduct this business.

Leading you on the way of wealth

Everyone dreams to be a millionair. But it’s not  an easily reached goal.  Roman was not built in a day. So it costs you wits and time. And you need to achieve this from small money management step by step.

First, care about the banking products for wealth management. They may bring you considerable and stable income. Fund, stock and  gold etc are all fitable for your choice. They are value-add in most cases with a favorable market.  If you can well manage them, there does be profit margin. Anyway, the living condition promotes and the economics develops. Your income is also optimistic over the long run.

Second, consider of making a smart investment.  There’re many good projects on your choice for investment. It can be enterprises in certain field. They may be of  maufacture, logitics, restaurent and commerce. They make output and bring income. You can take a share with your investment in person. Another good choice is real estate. It is an industry of high profit. The earning can be two times or even triple times multiplied. The market is almost all the way up these years. And though there’s strict control in it,  it’s still a good choice.

Third, buy certain insurance for both profit and secure. In insurance market, there’s varities of insurance products. They can offer you insurance for houseware, banking deposit and our lives etc. You can choose one you need. The contract often contains the insurance fund and the surrendering period and cycle. On this base, you will benefit from them by taking back your principle and the divident regulated when it begins. Sure, it brings you earnings out of your expectation.

Ways for making money are much many, and try those fit you.

Difficulties in an auto loan

When you buy a car,  you are likely to go for an auto loan from banks. There’s a massive procedure waiting for you on the following.

First banks need you to afford all documents required for an auto loan.  That may involve all materials from auto purchase certificate to personal indetification. They are necessary in your application settlement.

Banks assess your credit condition before you apply for the Personal Automobile consumer loan. Considering your credit condition, you may be granted a loan of certain amount. The maximun amount of the car loan is 70% of the automobile price for general customers and 80% for premier customers.  In this condition, your impressive credit score, monthly income and payment situation are well considered. Banks consider borrowers with good credit history as their good investors over the long run.

Term for an auto loan is defferent according to borrowers’ loan amount. The auto loan is normally no more than three years for general customers and five years for privileged customers. This is also according to borrowers’ acceptable capacity. If you don’t earn much money each month, you’re likely to choose a loan with longer term. It doesn’t necessay benefit you, because it will cost you much interest.

For the loan interest, Banks offer the interest rate of the auto loan for VIP customers flexible within the range of 10% lower than the benchmark rate set by the People’s Bank of China. But there’s no previlidge for normal customers. So you are quite likely to offer interest no less than the benchmark rate. That’s likely to be a big expenditure.

You may feel easy to buy an auto, but you should also make good preparation for the difficulties in an auto loan.

Arrange your investment online

People make many investments in financial fields. They buy real estate, gold, fund, stock and banking products etc. As various types as there exist, they commit them.  But how do you feel when you come and go all the way between banks you need to do with your business? Sure you are sad on it.  So you do need a new flexible channel for you to conduct all these massive things at one time. The solution is online banking. Here goes the introduction.

Every banks have online banking on service.  They are quite safe with several passwords and e-token or USBKey.  You can apply for one with about only decades yuan and use them for all life.  When you enter the online banking,  there are varities of service for use. Account inquire, account transfer, account invest, e-business, and welcome information etc. Each item has several sub-terms available.  They are quite convenient for you to operate on guide indicated.

What kind of investments can be satisfied online? Fund and stock are quite popular and they need your frequent care on buying or selling with the market situation change. All these can be well conducted by online  self-service. And it saves you time in loss-risk.  Foreign currency is daily becoming people’s financing choice. You may worry about the foreign rate fluctuation. Online banking offer you to exchange them into objective currency in both type of currency and remmitence.  When coming into holidays, the banking online is the only solution.

Maybe there are many other online service for investment arrangement. And it’s not your experience by sharing the knowledge by others. Have a try and learn to do it by yourself.  Maybe you will gain.

E-business promotes banking middle-business

E-business is booming in over flood in present half century.  It firstly developed in 90s’ last century and quickly in the first decade this century in China. What E-business brings? Except for quick development in commerce, production and logitics, it also promotes banking middle-business greatly.

As we all know, e-business is carried out through internet. When a tranction is concluded, people pay the money by bank cards with online banking. The money is deducted from bank card to Ebuy website for keeping and then paied to  sellers when the transaction is successfully finished.

With the facts, varieties of bank cards are designed by banks for people’s choice. Debit card, credit card and even special ebuy Taobao card begin to enter banking market. People need to apply for a type from banks with certain certificates and then open online banking simultaneously.  

But, how the middle-business arise on banks part? As we all know, own a bank card is the first step in requirement.  Most bank cards need certain card fee. So does the online service charge. But some can be called off with ruled consumption times.  After this, we need to deposit enough money in advance or after transaction in card for Ebuy. This can well sum up social money from people’s hand to banks.  They are mostly deposited in flexible savings. For the whole society, fund is well circulated in a short cycle. And banks, acting as the fund pool, can well assemble the fund in a quick soon.

Of course, benefit e-business brings disembles not only to banks but to all fields in society.  A positive innovation will always bring out.

Advices on personal financing

In 21^st century, people are mostly living in an easy family. They don’t need to worry about their daily consumption. They can even enjoy a travel all around the country or even overseas each year. This is based on your well management on personal financing. You can be easy on your stable earnings growth. Here is some advices on this topic.

There are a lot of tragic people who manage their personal financial in failure. For the first kind, they try to earn money utter their most when they are young. They never pay attention to their health. When they earn much money, most are paid for medical expenditure. They can only count the money on wheelchair. For a second type, they may earn a lot of money but omit education on their children. When the children grow up, they can’t make a living by themselves. They spend on their parents’ wealth and become poor slowly. The third type also exists. These people don’t pay attention to personal development in career. What they care is the small money on hand and lives in thrifty. They never enjoy good life but still own nothing when they aged.

So there are some advices for people who fail in personal financing. First, bear a scientific idea. We should pay much attention to health, children education and qualified living except for financial fluent. Prepare for the uncertain future. Second, know some basic financing advices. Tip one, keep account of your family expenditure online. Learn living ways from others. Tips two, take good use of banking products. Apply for a credit card and open the online-banking. It not only saves your trouble in paying all kinds of family fee but gets circulating cash for investments. Tip three, buy certain type of ensuring insurance. It brings you earnings at the same time of avoiding risk of incidents, illness, and labor-capacity lose.

House purchase turn from value-add to value-keep

This year, polices of limited purchase, limited loan and interest raise is carried out one after another. All these policies dismiss a common message that it’s unreasonable to over invest in real estate now. House is a necessity in our lives, but its real function is living instead of investing. Consumers should come back to rationality.

From 2003 to early this year, the real estate market is quite hot, especially the house pricing which can raise 50 percent to 100 percent per year. A lot of investors in houses have their assets easily multiplied even let them stay empty. Just for this reason, houses become investments in people’s eyes. That becomes an abnormal phenomenon

This year, a lot of cities set their control target on a high level. That means though house pricing may increase continually, but the raising range is developing simultaneously with up-going of exchange rate, interest rate and GDP. That’s to tell the buyers, never again invest in real estate in such hot fanaticism. Earning big money without much effort doesn’t work anymore.

On April, central bank increased interest rate for second this year. It leads on the developers’ pricing. The government frequently uses tightening financial means to control fund inflation from the very beginning. The quantities are sure to produce qualitative changes. For buyers, the market is  changing fast.

With the facts above, we should well analyse the situation and act decisively.  With the high inflation pressure, people with certain fund should invest in real estate for value-keep instead of value-add.

Nouns on bank loan

Do you ever get loan from banks? Sure most people approve on this. You may ever buy houses or automobiles, and it’s beyond your payment capacity. Maybe you are a clerk newly stepping into the society. Still you may need help from bank loan for personal consumption. All these are quite normal.

But do you know about bank loan?

Of course first you need to meet loan qualifications. Banks demand you to offer all the matetials required for normal procedure. That’s the fundamental point.  

Normally,  loans can be categorized into mortage loan , pledge loan and consumer loan by loans term. Mortgage  loan is based on certain mortgage. Oftenly newly bought  house or automobile is taken as mortgage till you pay off all the loan amount. In our country, moatgage loan enjoys certain preferential rate per annum. It depends on loan policies. While pledge loan needs certain deposit certificate.  For consumer loan, what’s need is proof of occupation and income.  It’s more simple and easy. In our livings, mortgage loan is most popular because it’s not realistic for us to pay the money at one time and banks are inclined to offer such business for middle-business income. 

The loan interest  rate is well regulated by country. It depends on the term of the loan. It floats according to loan types you have. When it comes to interest rate adjustment, it is adjusted accordingly often at the beginning of the next calendar year.  So you can choose to pay back all the remaining fund at one time if you have enough fund to avoid the extra fund. Of course, you’ll be certain charged for contract break.

It’s not complicated to apply for a loan. Know what you need and move.

Personal tax on in advance retirement income

Country tax bureau published a notice about personal subsidiary got from retirement in advance is to be taxed.

The notice says, from January this year, the tax is levied on one-time personal income from people retire in advance. It abides by the term of “salary, income earnings”. From now on, offices, and enterprises deal with this problem by following. People retire with normal procedure before legal age, personnel subsidy is paid at one time according to unified criterion. And personal tax should be taxed according to the term mentioned above for those who don’t belong to tax free retirees. In detail, people finish retirement procedure ahead of schedule should be taxed on average  calculating on months cut between advanced retire procedure and legal retirement age.

The tax has some meanings. It helps promoting fair. According to rules, it is not permitted to retire before legal age. Unfair is unavoidable for those who keep working on their position. They shoulder more obligations. What’s more this tax adds to the original tax types for second distribution in labor earnings. It takes an active role in adjusting the laborers’ earnings to make it more fair and reasonable.

Besides those meanings, this tax seems to be carried out to discourage retirement in advance in our Country’s present situation. We all know, the retirement age is quite young in some field like judiciary, finance ect. People at that age are rightly in good working condition with abundant experience which is quite important for work like theirs.  Sure, the tax will make people decide more prudently on retirement in advance.