First, plan personal financial goals.
Planning personal financial goals is the basis of financial management. Defining one's financial goals and making appropriate financial plans can better realize one's financial freedom. For example, planning retirement plans, buying real estate, buying insurance, investing, etc.
Example sharing: If your financial goal is to buy a house, then you need to make a financial plan, including the time to save money to buy a house, how much money to save every month and so on. Moreover, you should master the mortgage-related knowledge, how to choose the mortgage type that suits you, how to calculate the loan interest and how to make a good repayment plan.
Second, control expenditure.
Controlling expenditure is the most important part of financial management. No matter what your income is, as long as you can't control your expenses, it is difficult to achieve financial freedom. Therefore, ordinary people need to learn to allocate expenses reasonably and avoid unnecessary waste. The specific methods of controlling expenditure are: making budget, avoiding excessive consumption, avoiding borrowing as much as possible, etc.
Example sharing: Budget is one of the important methods to control expenditure. For example, you can plan your monthly living expenses, including rent, utilities, groceries, etc. And then plan your monthly savings. This can help you control your expenses better and avoid unnecessary expenses.
Third, learn to save.
Savings is an important part of financial management. Through savings, you can accumulate certain funds to deal with emergencies or achieve personal financial goals. Ordinary people need to learn to make a savings plan, plan the amount and cycle of savings, and choose appropriate savings methods, such as regular savings, current savings, and money funds.
First, make a personal budget.
Making a personal budget is the first step in financial management, which can help people to know their income and expenditure, so as to better control their finances. The budget can include monthly income and expenditure, as well as annual savings targets.
Sample sharing:
Monthly budget statement
Income amount
Salary 5000
Other 500
Total income 5500
Expenditure amount
Rent 2000
Water and electricity bill 200
Transportation fee 300
Food and beverage expenses 1000
Daily necessities 500
Other 500
Total expenditure 4500
Savings target: 1000 yuan
Second, learn basic investment knowledge.
Investment is a way to increase wealth, but it also needs corresponding knowledge reserves. Ordinary people can learn some basic investment knowledge, such as stocks, funds, bonds and so on. At the same time, we should also learn to control risks and diversify investment risks.
Sample sharing:
Stock: Stock is the ownership certificate of an enterprise, and investors can share the profits of the enterprise by buying shares. The risk of stocks is relatively high, but there are also higher returns.
Fund: A fund is a portfolio composed of a group of investors with the same capital contribution. It can invest in stocks, bonds and other assets, and reduce risks through diversification.
Bonds: Bonds are securities issued by enterprises or governments with loans, and investors can earn certain interest income.
Third, insurance planning.
Insurance is a way to protect personal and family safety. For ordinary people, insurance planning is also very important. Ordinary people can buy medical insurance, life insurance and accident insurance to deal with emergencies.