How to manage money Is managing money a habit?

Habit 1: Recording financial information is blind and noisy.

If you can measure, you must be able to understand, and if you can understand, you must be able to change. Without consistent, organized, and accurate records, a financial plan is impossible. Therefore, it is necessary to keep a detailed record of your income and expenditure at the beginning of your financial plan.

A good record can enable you to:

1. Measure your economic position – this is the basis for developing a sound financial plan.

2. Effectively change the current financial management behavior.

3. Measure progress towards the goal. In particular, it is important to keep financial records and establish a file so that you can know your income, net worth, expenses and liabilities.

Habit 2: Be clear about your values and economic goals.

By understanding your own values, you can establish economic goals that are clear, unambiguous, authentic, and feasible. Without clear goals and directions, you can't make the right budget; If you don't have enough reason to discipline yourself, you won't be able to achieve the goals you want in 2, 20 or even 40 years.

Habit 3: Determine your net worth.

Once the economic records are in place, it's easy to calculate your net worth – and that's how most financial experts calculate wealth. Why do you have to calculate your net worth? Because only by knowing your annual net worth will you know how much you have moved towards your goal.

Habit 4: Know your income and expenses.

Few people know exactly how their money is spent; It's not even clear how much income you have. Without this basic information, it is difficult to create a budget and use it wisely. The Stars don't know where to spend money; It is not possible to make reasonable changes in spending. Habit Five:

Formulate a budget and implement it accordingly.

Wealth is not about how much you earn, but how much you have left. Budgeting may sound boring, tedious, and contrived, but you can find out where a large amount of money is going in the little things you spend on a daily basis. In addition, a specific budget is very beneficial for us to achieve our financial goals.

In fact, the goal is not achieved by a large investment. Cut back on your expenses and save every dollar, because even a small investment can bring a lot of wealth, for example: save an extra $100 every month, what is the result?

If you start investing in milling capital at the age of 24 and can get 10% of the profit, at the age of 34, you will have 20,000 yuan. By the time I'm 65, those small investments have become $616,000. The longer the investment, the more obvious the effect of compound interest becomes.

Over time, the profits from saving and investing have become even more apparent. So the earlier you start and the more you save, the more your profits will grow exponentially.

Yes, it's really good, and if you manage your finances, the sooner you want to manage your money, the better, but a little less at the beginning.

In fact, most people don't have any financial planning, and they can't help but buy a lot of unnecessary things at home, and they may only use them once or twice, and then never use them again, such as bags and shoes bought by women, and SLRs bought by men.

So, in most cases, I think too well, and you may not be able to save this 1,000 yuan a month.

When should you start your regular investment?

There is no doubt that from now on, it will never be too late. Why should you start? Regardless of the beautiful vision of making money through financial investment, even if we don't want to do anything, how much money do you need to spend after retirement?

Suppose you are now 35 years old, with an annual income of 10,000 yuan, retired at the age of 50, and need to receive a 35-year pension, and you can receive 6,000 yuan from social security every month, in order to keep your quality of life from declining, in these 30 years, your pension gap is 4.02 million yuan!

So, even if you don't want to do anything, you want to earn income through your salary, but the problem of pension is also something you can't face, maybe you didn't realize it before, and you don't know how much it will cost, so I used a calculator to help you figure it out.

How much money to invest?

How much money is the right amount to invest? If you're a newbie, you might as well try 10%-20% of your monthly salary, or you can consider using your incremental salary to invest in your finances, which is exactly what I did.

What is incremental pay? For example, your year-end bonus or additional labor benefits, or the boss has given you a salary increase this year, for example, if it has increased by 1,000 yuan per month, then you can use the 1,000 yuan to make regular financial investment.

Why can incremental wages be tried? Because usually according to our original standard of living, you can still maintain your household expenses even if there is no incremental part. Incremental money is the extra money that can give you an improved quality of life, as the saying goes, "buy, buy, buy".

But if we take it differently and use it for financial management, wouldn't this arrangement be better?

I think it's a good idea, and that's how I put it into practice.

Of course, if you are not a novice and already have some experience in investment and financial management, but you may not know how much to take to manage your finances, and you feel a little unplanned, then I can also give you some reference suggestions.

<> "Financial Management Habits for Everyone - Regular Investment".

The first step is to select the platform

There are two main types of common investment channels, including direct sales channels and consignment sales channels. The direct sales channel is the company that issued this **, and the main disadvantage of the direct sales channel is that the rate may not be so favorable, and they can only dig their own ** products.

Consignment channels can be subdivided into three types: banks, ** companies, and Internet platforms. Among the three consignment channels, the Internet platform channel has the most abundant products, and the handling fee is also the most preferential.

The second step is to choose the cycle

For the same **, the difference in income between the three cases of daily regular investment, weekly regular investment or monthly regular investment is actually very small, and the difference in annualized return is only a few tenths of a percent. The two ** are calculated, and the return of the monthly regular investment is slightly higher.

The third step is how much to throw

It can be determined in three ways, first, according to the long-term investment goal, according to the goal we set, we can roughly calculate how much money we need to invest each month to achieve the goal.

If you buy a car after five years, you need 300,000 yuan, if you calculate it according to the annual interest rate of 10% of the year, how much money do you need to invest every month in these five years to ensure that the final total funds reach 300,000? Using the compound interest formula to push down, the calculated result is a fixed investment of 3723 per month.

Second, use spare money to make regular investment, and the amount of regular investment per month = (income - expenditure) 2, or = 10% of income. Third, use the reserve fund to make regular investment, that is, to use deposits.

The fourth step is how long it is appropriate to invest regularly

Generally, we need to be prepared to invest for three to five years, and the specific investment time needs to consider two points, on the one hand, combined with our capabilities and goals to consider and destroy the nuclear plan, on the other hand, we should pay attention to the changes in the market, timely take profit and exit.

The fifth step is to have a good attitude

**Regular investment focuses on long-term investment, and the important thing is to grasp your own mentality. **Regular investment is known as lazy financial management, and its value is due to a saying circulating on Wall Street: "It is more difficult to accurately step on the market than to catch a flying knife in the air."

If you adopt the batch method, you can overcome the defect of only choosing one point in time to buy and sell, and you can balance the cost and make yourself invincible in investment.

Financial management is a series of wealth management processes, and there are many habits that need to be cultivated, and good habits will make it very easy for you to succeed on the road to financial management.

1. The habit of budgeting every month. At the beginning of each month, make a budget for the month's consumption expenses to see which expenses are necessary, such as rent, transportation and food; What are the expenses that may need to be made, such as study expenses, social expenses, etc. By making a budget, you can control your desire to consume well, set aside budget funds for yourself, and let the money flow better.

2. Develop the habit of bookkeeping. The advantage of bookkeeping is that you can have a good understanding of the structure of your consumption and income. Through bookkeeping, you can manage your consumption structure well and know your daily consumption expenditure.

If there is no bookkeeping, there is no restraint in spending. Therefore, it is very necessary to develop the habit of bookkeeping.

3. The habit of building your own pool. The meaning of establishing a capital pool is to distribute one's income reasonably, in addition to a part of it for daily consumption expenditures, but also to save a part of it as the principal of one's future investment. It is best to build multiple pools, such as investment pools, dream pools, and so on.

There are actually many habits that need to be developed in financial management, such as the habit of forced savings and the habit of investment. Financial management is not a single habit that can be done well, but needs to be constantly adjusted and learned.

Clause.

1. Bookkeeping. Clause.

2. Planning. Everyone is basically a salaryman, and the monthly salary is basically fixed. This is also good for us to make plans, except for the monthly life, each month's salary should be divided into several pieces, and what to spend it on, we can make a clear plan. Only with a plan can you curb your behavior when you are about to spend impulsively.

Clause. 3. Savings.

To plan ahead, everyone should develop a good habit of saving. Saving is also a habit of financial management, if a person can overcome his material desires and save a fixed amount of money every month, then his financial management ability will also be able to improve. Of course, saving should also be appropriate, and I am not in favor of saving that compresses the quality of life.

First, don't blindly follow the trend. Now there are a variety of financial products, and the popularity is getting higher and higher, causing some people to blindly follow the trend, and then the results are more serious. The main thing before managing money is to have a correct mentality and not to be too eager and easy to receive fraud.

Third, develop the habit of making a handbook. Financial management does not necessarily have to buy financial products, but can be achieved through personal habits. Keep a journal not only to record the day's expenses, but also to record the interesting things of the day.

Fourth, make a plan based on the records of the handbook. Like making a rough plan every month, like buying a few clothes, or buying shoes. Then every time you go to the supermarket to make a list of what to buy in advance, don't go to ** to take it at hand.

First of all, learning to keep accounts is definitely a very good choice, or in other words to attract everyone's attention, if you can't make a lot of money, then learning to keep accounts is the most important way to help you save money.

After you keep the account, you will find that the money you used to say that you didn't spend much has gone to the end. You see, food, clothing, housing, transportation, firewood, rice, oil, and salt don't need money? Today you say, I want to buy a few dozen dollars to satisfy my cravings, and tomorrow I will buy some cheap ones, but in fact, your money is tossed away by these small things.

You don't keep accounts, you never know, your money is quietly with others, and you are still intoxicated with the fact that you are very saving, and you can't extricate yourself.

1.Keep your books on the go.

At first glance, the method of keeping accounts does not allow you to make money, but it is a good habit to control your own spending, and it can be regarded as a way to manage your money. First of all, one of the benefits of keeping a book is that you know exactly how much money you spend every day, which is very important!

Only when your eyes see that number, you will have the idea of wanting to save, otherwise spending money casually will become a habit, this habit will make you lose the concept of money, and will also give you more opportunities to spend money indiscriminately. And keeping accounts will make you have a spectrum in your heart, and you will also have some restraint in your behavior. That's a form of financial management.

2.Keep the money in Alipay's Yue Bao.

Clause.

1. The habit of learning financial knowledge.

Studying financial knowledge and enriching your own brains can save you from many detours. Since then, there have been many signs of investment deception in society. For example, the purchase of forests, property hotels, and property apartments, they promise to give investors a high return of 30%-40% every year.

If you want to manage your finances well, you must develop the habit of learning financial knowledge, which will make you polish your eyes and have a great sponsorship for managing your finances.

Clause. Second, the habit of bookkeeping.

Many people say, I don't have time to keep accounts, and that's not right. Bookkeeping is a good habit to be able to write down your own expenses and expenses, and to know exactly how the money is earned and where it is spent. You can compare last year's accounts with this year's accounts to see what money should be spent and what money should not be spent.

In order to maintain the habit of bookkeeping, it is necessary to keep invoices, and it is a good habit to keep invoices when buying equipment. It's like taking a taxi and keeping the invoice, so that if you lose your equipment in the car, you can still look for it. If you buy any equipment and suddenly you don't want it, you can exchange or return it with the invoice.