On the cusp of the economic depression, how to manage money?

Six Habits to Develop in Managing Money Habit 1: Keep a record of your finances. 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 status——— which is the basis for making a reasonable 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 three:

Determine net worth. Once the economic records are in place, it is easy to calculate net worth——— which is 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, or even how much they earn. Without this basic information, it's hard to create a budget and plan how to spend it, and you don't know where to spend it, and you can't 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. Habit 6: Cut expenses.

A lot of people complain at the beginning that they can't afford to invest more money to achieve their economic goals. In fact, the goal is not achieved by a large investment. Cut back on expenses and save every dollar, because even a small investment can lead to a lot of wealth, such as:

What is the result of saving an extra 100 yuan every month? If you start investing at the age of 24 and can get an annual profit of 10, you will have 20,000 yuan at the age of 34. 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. The above six habits can help us start our financial life.

A good start is half the battle.

Choose some principal-guaranteed financial products and invest them separately!

One**. ** is a thing we are more familiar with, since ancient times it can be said to be hard currency, basically, the value of ** will continue to increase in value, even if encountered, financial crisis, storage or** is also a very good choice, but when the financial crisis comes, most people will choose to buy ** to hedge, then the price of gold will generally ** a lot, but with the continuous decrease in the number of **, it's ** will inevitably **, and it has, cash value, So it's a better investment in a recession.

2. Bonds, convertible bonds, etc. In addition, I think it is also very good to have a few more ** in hand, because when the financial crisis, so full, the whole environment, the economic conditions are relatively depressed, then**these will fall a lot, if you have enough cash on hand, then you can buy one or two of your favorite**, and then slowly wait for it to rise, then there will be a good income. Of course, convertible bonds and bonds are more recommended, because when the economy is bad, people's debts will increase a lot, so there will be a lot of room to invest in these.

Extended information] ** is a part of the ownership of the joint-stock company, and it is also a certificate of ownership issued, which is a valuable ** issued by the joint-stock company to each owner as a shareholding certificate and to obtain dividends and bonuses in order to raise funds. **It is a long-term credit instrument in the capital market, which can be transferred, bought and sold, and shareholders can share the company's profits with it, but also bear the risk caused by the company's operating errors. Each share** represents the shareholder's ownership of a basic unit of the enterprise.

Every public company will issue a **.

Each copy of the same category** represents equal ownership of the company. The size of the ownership share of the company owned by each owner depends on the proportion of the number of shares held by the owner in the total share capital of the company.

** It is a component of the capital of a joint-stock company, which can be transferred, bought and sold, and is the main long-term credit instrument in the capital market, but the company cannot be required to return its capital contribution.

**is a kind of valuable**, is a joint-stock company to raise capital issued to the investor of the share certificate, on behalf of its holder (that is, shareholders) ownership of the joint-stock company, the purchase of ** is also a part of the purchase of the company's business, can grow and develop together with the enterprise.

This ownership is a comprehensive right, such as participating in shareholders' meetings, voting, participating in the company's major decisions, receiving dividends or sharing the difference in dividends, etc., but also sharing the risks caused by the company's operating errors. Obtaining recurring income is one of the important reasons for investors to buy**, and dividends are the main part of investors' recurring income**.