How do you start managing your finances?

Financial management is a very important thing, learning to manage money is what everyone needs to do, because the speed of prices is relatively fast, if you don't manage money, then it is very likely that your wealth will shrink after a few years. However, financial management is not so simple, although many financial products on the market now have a relatively high yield, but the risk is also very large, and the market changes very quickly. So how do you start managing your finances?

When financial novices are exposed to financial management, they should pay attention to starting with low-risk products. Because the main purpose of novice wealth management is to avoid losses and accumulate experience, under normal circumstances, the risk of the bank's products is relatively low, and the deposit products launched by the bank are guaranteed to protect the principal and returns. In addition, you can also try to buy some relatively low-risk currency** products, usually those currencies that have been established for a long time** will basically not lose money.

Although the income of these products is relatively low, there will be basically no loss, and financial novices can take these as the first step into the financial market.

Newbies should be careful not to put all their eggs in one basket when managing money. Although the yield of some ** products or ** is very high, the risk of these products is also very large, so you can't put all the funds into these products, and your own financial products should pay attention to evenly distributed echelon allocation.

Most financial novices have very little practical experience, so when making investments, they should try to avoid investing in high-risk products. For example, although the income of such a product is very considerable, the market and the market are also changing very fast, and if you are not careful, you may lose your money. Therefore, financial novices should try to avoid entering such a market, and can pay more attention to the low-risk market.

Financial novices must first learn some financial knowledge, investment skills, have a general understanding of the first, as well as the skills and risk prevention of the first transaction. It is also necessary to understand the risks and returns of various financial products, do not blindly follow the investment, but also understand the formality of the platform, which is an important factor affecting the safety of the principal, so we must understand whether the platform is formal.

You can read some related **, you can also find some professional teachers, you can prepare a notebook for yourself in life, you can manage your money well, and write your income and expenses very clearly every day.

Financial novices can first learn some financial knowledge by themselves, and then they can entrust financial managers to manage their finances, and in this process, they can communicate more with financial managers to better manage their finances.

You should learn relevant knowledge, and you should also enroll in a related study class, so that you can start managing money well, and you will also learn some methods and skills.

The first step in managing money is to learn a certain amount of risky investment. If you keep all your money in your current account, you will only be unable to get in and out, and you will become poorer and poorer. Therefore, no matter what kind of financial products you buy, low-risk investment is a good choice for novice financial management.

2 Although small venture capital can be tried, Huirong Wealth reminds everyone: it is best not to buy the first financial investment in life**. If you don't have a strong and good investment mentality and enough knowledge, it is easy to fall into the vicious circle of stock market dismantling, and finally end up empty.

Therefore, if you want to enter the world, you must have enough reserves and risk awareness.

3 Pay attention to the latest news of the financial market at any time, even if you grasp the market trend, you can pay more attention to Huirong Wealth when you have time, and the latest financial information will be provided to you as soon as possible to help novices on the road of financial management grow up quickly.

4 Don't use the cash withdrawal function of your credit card as a last resort, as the high extra fees will overwhelm people's money and may become a burden on the family.

5 While investing, don't forget to invest in yourself and arm yourself with knowledge and experience in order to better manage your finances. And the sooner you invest, the better. Huirong Wealth online platform provides users with the most professional investment assistance.

6 During the investment process, be sure to familiarize yourself with the areas you are good at. For investment areas that you are not familiar with and do not understand, you must do a good job of opening up sources and reducing expenditures, and do not easily set foot in areas that you are not familiar with. However, unfamiliar fields can also be slowly learned on the Huirong Wealth platform, as long as you work hard and have more time, you will definitely gain something.

7 Different family life cycles require different approaches to managing money.

Single period: You must have your own financial plan, and there is no burden when you are single, so it is also the period when you can't save money the most. So you must have a plan, you can't be without moderation, and the "moonlight clan" is not a good phenomenon.

Family period: From marriage to childbirth, there are many places where you need to use money, especially after having children, you must save in advance for your children and family to grow up**. In order to be in urgent need of money, it will not be stretched.

However, Huirong Wealth still wants to remind everyone that the family period is not only about the growth of children, but also about the pension of the elderly and the health of family members, and it is necessary to have a wise financial master to take care of property. It's important to learn how to manage your finances.

8 To learn about financial literacy, if you can talk to a professional financial advisor, you may have better ideas. However, whether the professional level of financial advisors is in place, we ordinary people can not judge, to have a certain ability to distinguish, we must learn and practice experience, Huirong Wealth is a very practical platform for you, will allow us to have a certain degree of professionalism after learning, you can have in-depth and effective communication with financial consultants.

Gao Yuwen, Property, Wealth Management, RMB, Savings, Dividends, Financing.

9 After having a certain amount of financial knowledge, it is also necessary to take a certain period of observation before you can slowly get involved in high-return, high-risk investment products, because any high-risk, high-return investment may become a trap. on this.

Here are some financial knowledge that ordinary people should know:

1.Establish a budget: Create a reasonable budget to control spending and avoid overspending. You can control your budget by keeping track of your monthly spending.

2.Save money: Put some of your income into a savings account and set up an emergency fund in case you need it.

3.Avoid debt: Try to avoid debt with high interest rates, such as credit card debt. If you must borrow, choose a loan with a low interest rate.

4.Investment: Invest a part of the funds in financial products such as ** and ** to obtain higher returns.

5.Prudent financial management: Choose a prudent financial management method and avoid overly risky investments to ensure the safety of assets.

6.Risk avoidance: Reasonable avoidance of various possible risks, such as insurance, fraud prevention, etc.

7.Learn about financial literacy: Learn about various types of financial management.

knowledge, understand market dynamics, and improve your financial skills.

8.Careful planning: Develop a long-term financial plan, according to your actual situation and.

The standard is formulated and constantly adjusted and improved.

In conclusion, managing money is a process that requires long-term planning and continuous learning. Building a budget, saving money, avoiding debt, investing, managing money prudently, avoiding risks, learning financial knowledge, and planning carefully can all help ordinary people better manage their finances.

I believe that by doing the following four things to distribute your salary, you can improve your financial management ability and achieve financial freedom

First, sort out your income and expenses, as well as your assets and liabilities.

By sorting out your own income and expenditure, assets and liabilities, you can clearly know what stage the self-chain is in terms of finance and financial management. How much principal can you invest, how much assets, and what liabilities need to be repaid. If a person doesn't even know the level of his own assets, then what kind of investment and financial management can he talk about?

So the first step is to take stock of assets and liabilities.

2. Understand your risk appetite.

Everyone's risk appetite and risk tolerance are different, some people are aggressive, and some people are conservative. People with different risk appetites are suitable for different financial management methods, and the risk tolerance of people of different ages is also different. People who are younger and do not have a family will have a stronger risk tolerance, because their ability to make money will become stronger and stronger.

3. Practical operation.

If you wait until you finish your studies and then invest in financial management, then you will not have a chance in your life, because you will not be able to finish learning at all. In addition, all learning is on paper, without practice, everything is empty talk. Practical operation is the most important thing, and you can enter it a little earlier.

When you have less knowledge, you can operate less and practice while learning. Some hands-on experience can also be used to verify that what you have learned is correct.

Fourth, risk awareness.

The last one is to be risk-aware. If you lack risk awareness, you are a gambler, not an investment and financial management. Investors should know the stop loss and have a calm mind.

There is no investor who has not lost money. The ** sold today fell by 2 yuan, and it may rise by 3 yuan tomorrow, if it falls by 2 yuan, you can't bear it, then you don't want to manage your finances.

Seriously, you can't give very detailed and personalized financial advice just by providing this information, because there are so few information covers. With too little information, there is no way to understand some personal conditions, such as what your spending structure is, what your risk tolerance is, what your risk appetite is, whether you have other assets and liabilities, and so on.

This question is still very common, in fact, whether you have financial management or not, it is very important to have this financial management concept. No matter how much money you make, you should manage your money, and the less money you have, the more you should manage your money. How should beginners choose financial products?

Let's take a brief look: regular investment** is known as "lazy artifact financial management", which refers to the fixed time, with a fixed amount, the project is invested in the designated open **, which is similar to the bank's fractional deposit and withdrawal. It can add up to the operating costs and reduce the overall risk.

The investment threshold of the regular investment ** project is low, generally starting from 100 yuan, and the total amount of regular investment ** is more common. It is suitable for novices who are not easy to manage money, no need to worry about choosing the time to invest, no matter how the market trend fluctuates, the fixed one-day budget fixed investment per month will be automatically deducted by the bank, and the number of subscriptions that can be bought can be purchased automatically according to today's **net value. Regular investment** only needs to pick the right one, and the actual operation is appropriate, and the average annual return can reach 20% to 30%.

Savings is the best financial management, I believe that many people will come forward to argue, why savings is the best financial management, low profits, can not beat inflation, except for the safety guarantee, there is nothing to do. But for a person who doesn't know how to manage money at all, making him buy all financial products basically represents risk. From the perspective of liquidity, there are few financial products that are better than deposits, and deposits can be converted at any time, although it is harmful to profits, but it overcomes the problem of capital liquidity.

Secondly, in terms of safety performance, there is no doubt that deposits have obvious advantages over other project investments.

In the end, judging from the criticized rate of return, although deposits cannot grab the front end, compared with the loss of many investments, they can also be squeezed into the middle and upper reaches. If the credit limit is relatively large and there is no need for medium and long-term deposits, you can choose a large deposit, which will also have a return of around 4%. For a person who does not have a level of risk analysis, an overall financial plan, and a foundation of financial knowledge, safe savings must be the best choice for financial management.

Preferably, it should be a financial institution wealth management product. Wealth management products of financial institutions are generally sold for a period of one month, two months, three months, half a year, and one year, and are actually sold on a daily basis. The annualized return of financial institutions' wealth management products is generally in the middle of 4% to 5%, and the profit is slightly lower, but the security performance is higher than that of other service platforms, and it belongs to low-risk and high-yield wealth management products, especially to ensure profitability, and the expected rate of return is more than 4%, but it can ensure profitability.