Research On Family Planning Planning In Growing Period

Financial planning is a personalized, comprehensive lifelong planning. It is based on the different characteristics of object and designed comprehensive planning for full life career. General planning focus on a series of financial management objects demand, including residential planning, real estate investment planning, education payments planning, retirement planning, tax planning, insurance planning and investment planning, etc.Personal financial services in foreign financial institutions started early, representative countries, including the United States, the United Kingdom, Switzerland, Hong Kong. For ordinary people, bank plays a more important role than other financial institutions, so bank personal financing increasingly highlights its importance. Compared to foreign countries, domestic personal finance business still stays on prototype, the major banks is still in trial stage, and limited to advisory consulting service. From the domestic business point of view, ordinary people have little knowledge of personal finance concepts, definitions and the process. Therefore it’s still a long way ahead for a mature personal finance business in China.The family life cycle spans the family formation to end, the whole cycle is divided to various stages by different characteristics, they are family formation, family growth, family mature and family aging. With comprehensive comparison between family income, duration and expenditure, growing-stage family occupies a pivotal position in family life cycle, not only its giant proportion of saving and expenditure but also its great financial demand. Therefore, how to well organize a financial plan in growing-stage family is critical to a family and its whole life.This paper basing on the perspective of an ordinary growing family and leveraging practical financial product sold by commercial bank, explore how to use banking products to develop a more standard and complete family financial planning.Meanwhile through optimizing the portfolio through the choice of different investment product, this paper aims to provide more operational, objective and scientific proposal for family financial planning. Regarding research methods, this paper mainly utilizes the combination of theory and practical case, first define the basic concepts, then refine the basic theoretical knowledge of the personal financial planning, finally combines the actual banking products for analysis.