As an old saying goes: "If you don't do financing, money won't come to you." How do you manage your money? China Daily mobile news readers share their views.

After over a decade's hard work, my husband and I have earned 2.2 million yuan ($349,500), of which 1.2 million has been used for a new house, furniture and decoration. My principle for managing the other 1 million yuan is inflation-proofing and appreciation: 100,000 yuan is for stock, 300,000 for commingled funds while the remainder is for bonds. Besides, I use credit cards as much as possible during their interest-free period. Such products reward me with 40,000 to 100,000 yuan in interest and bonuses.

FIONA, Dalian, Liaoning province

My idea for managing my finances is diversified investment: two mutual funds as long-term investment for future security; 30 percent of the money invested on high-risk paper gold and stocks; one insurance and circulating fund invested on financing products from the Bank of China.

XUEYING, Xi'an, Shaanxi province

I prefer low risk products and returns. As a wage earner, my primary objective is inflation proofing and appreciation of my property. I divide my personal assets into three categories: property, financial assets (mainly mutual funds) and current assets (saving money not immediately useful in a short-term deposit account). Meanwhile, it is also an important way to do financing by using a credit card to pay my bills during its interest-free period.

WENWU, Changchun, Jilin province

I keep accounts every day to carefully monitor whether the daily expenses of the family are within a reasonable budget. In the meantime, I adopt a prudent financing strategy by holding some stock, bonds and commingled funds as a long-term investment. I also purchase short-term financing products with the surplus of my current account. Last but not least, insurance is important so that even if we suffer from a terrible illness when we grow old, we will receive medical treatment without being a huge burden on our family.

A reader, Beijing

I think a financial strategy should change with age. Young people who just start to work should cultivate a habit of regularly depositing money every month and invest their savings in relatively high risk and high repayment products. As they grow old and their assets become substantial, they can switch to more prudent financial products.

MARLER, Jiangmen, Guangdong province

In my opinion, we should learn how to better use credit cards since it would help ease the temporary shortage of cash. One should open two credit cards with different due dates to make full use of the banks' interest-free period.

TAOYING, Beijing

As a college student, I have a relatively small property, but by carefully practicing the "5-3-2 financing theory", I have made full use of the money I get from my internship, scholarship, part-time jobs and my parents. Half of it is saved for tuition and accommodation fees, 30 percent for travel expenses and shopping and the other 30 percent used for daily life.

XIAOWEI, Beijing

(China Daily 02/06/2012 page9)