How to do a good job in personal finance, how to do a good job in personal finance

What is Personal Finance? To put it simply, it is to open up sources and reduce expenditures, and manage money well.

When people talk about financial management, what they think of is not investment, but making money. In fact, the scope of financial management is very wide, and the core of personal finance is the maximization of investment returns and the rationalization of personal asset allocation.

By making full use of various financial tools (such as cash, bank deposits, bonds, real estate, insurance, etc.), we can help you achieve the purpose of reasonable distribution and meet your diversified requirements for financial security and profitability.

Personal financial planning encompasses all important aspects of personal finance:

Housing plans, car plans, children's education plans, asset distribution plans, insurance plans, pension plans, retirement protection plans, estate plans, tax avoidance plans, debt management, etc.

Scientific financial management is actually the cash flow management and risk management of an individual's life

1. Cash flow management consists of two aspects:

1.Making money: how to accumulate wealth and realize the preservation and appreciation of property, that is, the work income generated by the use of personal resources and the financial income generated by the use of monetary resources;

2. Spending money: how to get the best service and the greatest satisfaction with the least amount of money, that is, the living expenses of individuals and families from birth to old age, and the financial expenses arising from the use of credit for consumption and investment.

2. Risk management.

It refers to the arrangement of insurance in advance, when an accident makes the family's cash income unable to meet the current or future expenses, there is still a sum of money or income to make up for the shortfall, so as to reduce the impact of unexpected imbalances in the life journey.

Savings are generated when income exceeds expenditure in the current period, and the savings accumulated in each period are assets.

Borrowing is done when temporary cash income is unable to cover cash expenditures, perhaps for temporary shortages, for long-term real estate or automobiles, and for credit expansion. If the borrowed money is not repaid immediately, it will accumulate into a liability, and the debt will pay interest on its balance.

In fact, personal finance has two functions, first: to resist the growing inflation; Second: make money.

As long as you start from these two points, then you need to consider the issue of investment asset allocation, and you can do personal finance in three parts. They are stable and stable investments with low risk and low returns (such as bank fixed income wealth management products), medium risk and medium returns (such as bank paper ** investment products), and high-risk and high-return venture capital (leveraged investment products, such as **, spot**, etc.).

1.Build emergency savings: Everyone should build a backup savings in case of emergencies, such as accidental damage or sudden medical expenses.

2.Eliminate high-interest debts: Credit card debts and other liabilities should be paid off in a timely manner to reduce the accumulation of interest.

3.Create a budget: Create a monthly budget plan that includes necessary expenses (e.g., rent, food, etc.) and optional expenses (e.g., holiday travel, shopping, etc.).

4.Open a pension account: The pension provided by the government may not meet your personal retirement needs, so it is necessary to establish your own pension account.

5.Investing in :* is an investment opportunity, but due to the high risk of ups and downs, you should choose carefully and pay attention to diversification.

6.Learn financial skills: Everyone should learn financial skills, including how to invest, how to budget, how to manage debt, and more.

1.Make a detailed budget plan first, determine the monthly disposable income (salary), and list all necessary expenses, such as water and electricity bills, rent, living expenses, car loans, etc., and set aside a part as an emergency reserve fund, and try to avoid spending beyond the budget.

2.Divide the expenditure into two parts: fixed expenses and irregular expenses, fixed expenses include monthly rent, utility bills, entertainment expenses, insurance, etc., while irregular expenses refer to expenses that occur from time to time, such as buying gifts, travel, etc.

Once the fixed expenditure is set, try not to change it easily, but you can find discounts to reduce the cost of irregular expenses.

3.The reserved emergency reserve funds are divided into two parts, one part is used as an emergency reserve fund for daily life, and the other part is stored regularly according to a certain investment plan, such as buying bank wealth management products, **, etc., in order to deal with occasional emergencies and large future expenditures.

4.Determine a financial plan, which needs to consider factors such as your salary level, living status, and future financial planning. It is recommended to invest in a decentralized and low-cost way, such as index**, long-term investment-based insurance travel balance, etc.

Achieve financial freedom by gradually improving your financial situation through rational financial planning and the right investment strategy.

5.Learn to accumulate financial knowledge, understand the characteristics and risks of various investment products in the financial market, and explore potential profit opportunities through various investments, financial instruments or physical investments.

6.Not only do you have to work hard to make money, but you also have to choose the right way to manage your money and your investment portfolio to maintain and increase your value, while maintaining a balance between currency value and income. Ensure the comparative security and the stability of the return on investment after the capital is invested.

1. Log in to your income.

Since most salaries are automatically transferred by bank, the salary payment of the current month should be filled in the deposit column, and invoices, work bonuses, living allowances, etc., in addition to automatic transfer, should be included in the cash column and expressed as cash increase. After filling in all the income items, add them up, and clearly fill in the data in the income subtotal column to know how much income you have for the month.

2. Fill in the recurring expenses according to the category, and fill in the vouchers for clothing, food, housing, transportation, education, and entertainment according to the date.

For example, if you spend $100 to buy a book on September 1, you should indicate the date, product name and amount in the education item column, and indicate a decrease of $100 in the cash column.

After recording all the consumption payments, you can simply make statistics after the six categories, so that you can understand the main flow of funds in the month. For those that cannot be classified into the six items, they will be filled in other fields and recorded according to the increase or decrease in cash or the increase in credit cards.

3. Settle income and expenditure, calculate the new balance, fill in the income and expenditure items, and use the opening balance plus income and subtract expenditure to obtain the ending balance; Categorized expenses can be used as a reference for budgeting for the next month, while cash, savings and credit card balances can be used to indicate whether you have enough money on hand.

Fourth, daily deposits, withdrawals should leave documents, weekday deposits, withdrawals should leave documents to facilitate the production of **, cash reduction deposit increases, on the contrary, the withdrawal of money. If you lend money to relatives and friends, the cash or savings decrease but other assets increase, because the money lent to relatives and friends is your own assets. However, it is a good habit to leave an IOU when lending money to others.

Fifth, the daily change of the profit and loss should be calculated when selling, the principle of bookkeeping is that the deposit decreases and increases when buying, and the deposit increases and decreases when selling, but because the purchase and sale are often different, when selling is greater than buying, it is profitable, and when selling is less than buying, it is a loss.

For example, if you pay a down payment of 200,000 yuan on September 10 to buy a house of 1 million yuan, the deposit column will be reduced by 200,000 yuan, other assets will increase by 1 million yuan, and the loan will increase by 800,000 yuan.

On the whole, the financial activity record can fully record the changes in flow and stock, and when there are specific changes in income, expenditure and net assets and liabilities, it can be fully grasped by means of bookkeeping. Develop a good habit of bookkeeping and help you simply do a good job of knowing how to manage your finances.

How to better manage personal assets? Thank you for taking away ten tips! How do individuals manage their assets? Nowadays, many people are paying more and more attention to asset management, how to better manage personal assets?

1. You don't budget, and the finances ignore you.

When making a budget, personal asset management can be divided into three parts: necessary expenditures, unimportant expenditures, and unnecessary expenditures, and you have a psychological amount for all your own expenditures, and then you can separate a part of the income family as savings and investments.

2. Charging helps personal asset management.

Bookkeeping may seem a bit annoying and easy to forget for many people, but sticking to the charge is a one-and-done thing. Bookkeeping not only helps with budgeting but also helps to control unnecessary waste.

3. Fixed deposits, forcing yourself to save money.

Don't always say I can't manage assets, I don't know how to manage assets, I don't know how to manage assets, I always know how to manage assets, I always will. Money is not everything, but it is absolutely impossible to do without money. So, you can make a plan for yourself to make a deposit in the bank for every fixed amount, and force yourself to deposit.

4. Shopping is better than three, saving a little.