Mr. Nguyen Van Toan is currently a fabric cutter, and his wife is a garment worker at the same factory. Mr. Toan has 2 children, the cost of living for the whole family is about 5 million VND/month, and the children's education is 5 million VND/month.
"My wife and I have agreed to deposit at least 5 million VND per month, not lower than this figure. We have chosen to save on installments from the bank to protect and increase assets in the future" - Mr. Toan said.
The male worker shared that if there was more than 5 million VND left, he would buy more gold to accumulate.
When the gold price is as high as it is now, Mr. Toan said that it is very difficult to buy half a tael of gold as before. However, he still spends money to buy gold because this is a long-term savings plan, not a surfing investment.
Talking about future goals, Mr. Toan said that it is expected that in 2 years, 3 more rooms will be built to facilitate the elderly mother and children to live, avoiding cramped living. After finishing the house, Mr. Toan and his wife will consider saving for their children to start a business, get married or go to university later.
Mr. Tran Ngoc Nguyen (30 years old) and his wife - a garment worker - have also planned to save for their two children right now when the older child is only 6 years old and the youngest child is 3 years old.
"My wife and I agreed to save 2 million VND each month to prepare for the children later to enter university or get married, have capital to do business. Although there are health insurance, we still buy body insurance for children to be more secure if they have to go to the hospital or unfortunately the incident" - Mr. Nguyen said.
The male worker shared that health insurance for children at school costs only over 100,000 VND/year but is quite practically protected. With both health insurance and supporting personal insurance, the male worker and his wife feel much more secure.
Discussing investment channels, Mr. Nguyen admitted that he did not have much knowledge about gold, stocks... so he did not participate.
Mr. Nguyen mainly saves the surplus monthly. Later, with a lot of capital, the male worker plans to buy land at a moderate price to invest in or leave for his children.
Discussing the long-term future, Mr. Nguyen has been participating in social insurance for nearly 10 years, considering this a retirement book when he is old and does not worry much about his children.
"I don't know if I will work for a company in the future, but for now, I will try to pay the full number of years of social insurance, not withdraw at one time to get a pension when I am old. I consider this an effective way to save for the future" - Mr. Nguyen said.
