These days, young people seem to be very interested in investment and financial management. I've noticed that there are a lot of discussions about money on communication and empathy apps. Among recent graduates, the most common question is how to save money during the early stages of their careers. Many posts on forums reflect this too. When I look around, it seems that young people are asking if there are any financial support programs available to help them save money or if someone could share ways to accumulate funds. It seems like this person hasn't seen our second episode on the importance of seed money. In that episode, we talked about how to create a seed money fund of 100 million won. We briefly mentioned one of the financial programs for young people, the Youth Leap Account. It seems you remember that well! So, shall we dive deeper into financial products available for young people today? That sounds great!

First of all, what financial products do young people need? Of course, a savings product that allows them to save money is essential, and there should also be products available for student loans. Right? So today, let's take a look at savings products, loan products, and additionally, subscription savings. Sounds good? Then, shall we first explore savings products for young people? There is something called the Youth Savings Duo, which can be considered a savings account for the future. Wait a minute, is it Cheori and Mirae? I don't know. Back in our day, it was called Cheori and Mirae. Oh, well, something like that. It's quite embarrassing. But you have really come a long way from the frozen state; haven’t you? It seems like it. A cat walks on the frozen Han River.

Anyway, the first thing is the Youth Leap Account. You mentioned that we should actively use it when saving seed money, right? Please explain in detail. The Youth Leap Account allows you to freely deposit up to 700,000 won per month for five years. Basically, you can receive not only bank interest but also government support funds. Plus, with preferential interest rates and tax benefits added, this is truly a perfect savings product for young people. 

Oh, but even if the benefits are significant, I think it might be hard to stick with a savings plan for five years. What if I urgently need money in the middle of it and have to withdraw? I think many young people might worry about that. Although it’s a five-year plan, even if you have to withdraw after just three years, you can still receive 60% of the benefits. Additionally, we…

There is a reason for special early termination. If you have to cancel due to unavoidable circumstances like marriage or childbirth, you can maintain the benefits. Wow, if you're a young person, you should definitely sign up for this. That's how it can be viewed. However, government support varies depending on income, and interest rates differ slightly from bank to bank, so it's important to compare them carefully before signing up. But earlier, it was about Choi and Mirae. Um, you can't change it. Like Zico and Jennie, they seem too advanced for me, and I feel a bit queasy about that. So let's stick with Choi and Mirae. Alright, understood. Then what’s the other one? Next, there’s something called the Youth Tomorrow Savings Account. If you save more than 100,000 won every month for three years, the government will add 100,000 won for each month you save and return it to you. So in other words...

Our youth can view this account as a long-term asset management tool. However, it's important to remember that we need to maintain this account for just three years while continuing our work activities. It would be good not to forget this. We should continue with it, as there are many great products available, and the types are quite diverse. We need to research, learn, and use these wisely. That's right, especially since the interest rates for these products change frequently, it’s best to search thoroughly, check, and then sign up. 

Next, there is a part that I'm really interested in, which is the savings plan for young people. I'm very curious about it, so please tell me more. Oh, right! It's the Young Housing Dream Savings Account. Do you know what a savings account is? It's essential for purchasing a home, right? Exactly. The basic details of this product are similar to a regular savings account, but the Young Housing Dream account...

The housing subscription account has two additional advantages. What are those two advantages? First, for general housing subscriptions, if a young person aged 20 to 39 who does not own a home wins a lottery with the Youth Housing Dream Subscription Account, they can receive a loan at a significantly reduced interest rate. This is a very beneficial product. To summarize, preferential interest rates are applied during the subscription period, and there are benefits when taking out a loan to buy a house later. So, it’s like receiving double benefits. Right, don’t think of it as just a minor thing; let’s quickly set up this account. I should also make use of the savings products and housing subscriptions you explained today. Exactly, this is where the Jeans Spirit is needed. Suddenly, what is this Jeans Spirit? Oh, I might be a bit old-fashioned. I really like things like this, especially the youth housing subscription.

Right now, this is an abbreviation. So, Happy, could you tell us about the loan products for young people? First, there is the loan that most people are familiar with, which can be considered the starting point of life loans. What is it? Student loans, right? Student loans can be seen as a representative product for young people. Is this information something new? Most people already know about it. Is that so? Well, once we finish here, we are not an economic education institution; we are an economic education entity. If you have received a student loan, there is an interest exemption system for the duration of your military service. Did you know about that? Oh, I didn't know. Are there any other loans? If you could introduce just one more tip? Have you heard of the Sunshine Loan News? I've heard of the Sunshine Loan, but this is the first time I'm hearing about Sunshine Loan News. This is something you should really use only when you urgently need it, and you can only apply for it once during the youth period.

For young job seekers, there is a loan available with a limit of 10,000 won, so be sure to keep that in mind. Thank you to our Happy Advisor for sharing that tip. When I try to find financial products that suit me, should I just look for our Happy Advisor? Well, you can come to me too, but my responses might be slow, and I also need some time to look for this information myself. Instead, it's important to make searching for youth policies a daily habit. Daily searches are crucial. Various policies for young people will be released in the future, so we need to keep updating ourselves. There is a website called Welfare where you can search for youth policies, so if you check it out, you'll find a lot of information. Understood! In the future, I hope our military personnel and young people won’t miss out on small financial benefits through economic education.

[경제 마음의 편지] Ep4. 청년을 위한 금융상품

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