Chu Investment Group

Credible and Clear Financial Advice

How much do you save?

The average American spends more than he or she makes.  The personal savings rate has turned negative and spending has only been buoyed by rising values of capital assets, mostly the equity in residences.   For the full year in 2005, the national savings rate declined to the lowest level since the Depression. 

According to the Census Bureau, the average household in Irvine, CA reported income of $72,057 in 2002.   CIG estimates that the average national household saved only 1.2% of income based on 2003 figures or $1,236 for the income bracket of the sample Irvine household, which clearly is not enough for future needs.

Knowing how much you save is a fundamental starting point in financial planning.

 

· The Cash Management Analysis determines your sources of income and where your expenditures are

· Calculate current savings rate

· Comparison with demographic and geographic profile to determine problem areas.  For example, the sample Irvine based household spent 37% of expenditures on housing, 22% of transportation, and 15% on food.  CIG will recommend appropriate spending targets.

· Assesses the effectiveness of your cash yields

· Analyze your personal debt to income ratio

· Maximize cash rewards opportunities

Chu Investment Group

45 Avondale

Irvine, CA 92602

(714) 376-7959

finance@johncig.com

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Cash Management Analysis