Many friends believe that financial management must be based on wealth before it can be operated. In fact, this concept is incorrect. Financial management is not only the asset allocation after accumulating wealth. For young people who have just entered the society, financial management only teaches you how to accumulate wealth.
First of all, the first point is to get rid of the bad habit of spending money lavishly.
Now many young people have bad consumption habits. When they see something they like, they buy it directly. If they don't have enough cash on hand, they buy it by credit card. "Moonlight clan" and "Kanu" are their pronouns. In fact, the greatest wealth of young friends is time and physical health. It is precisely because of this that young friends have basically no risk awareness, so it doesn't matter that many people become moonlight families, because they have no awareness of saving to fight risks.
Therefore, for young people who have just joined the work, it is the first step to get rid of the bad habit of spending money lavishly and establish a correct awareness of saving and risk. First of all, change from the concept, because people are the product of ideas, what kind of ideas you have, what kind of actions you will have, and only by changing the concept of consumption can you start financial management.
So, what kind of consumption concept should young people who have just entered the society establish? The answer is: planned consumption. How to realize planned consumption? It is an important step to realize planned consumption, which is also the second step for us to start financial management-bookkeeping.
First, divide your consumption into several categories. For example: clothes; Eat; Live; Lines: water, electricity and coal; Shopping; Entertainment. These are some basic categories, and some girls may like to buy cosmetics and skin care products; Boys may like to buy some games or game peripheral products; Some young people love to play, spend a lot of money to go out to play, according to your personal situation. Then write down every detail every month. By the end of the month, you can know where you spent a lot of money by studying the bill, and then you can cut back on the corresponding expenses.
Then some young friends will say, you can't make me give up my hobby to manage money! Yes, many young friends may have a little hobby or even a little affection, so should we cut this part of the expenses? I think it's still a word, it depends on the individual's specific situation. If letting you give up this part of things will make you feel uncomfortable or even painful, then don't give up. Financial management is nothing more than four words, open source and reduce expenditure. If we can't reduce our expenses, we must constantly improve our competitiveness, earn more money to support our consumption and realize open source.
After changing the consumption concept and recording your own consumption habits, the third thing to do is to set goals.
Why set a goal after recording your consumption habits? Because a goal has a great influence on people, after setting this goal, you will make a complete plan to achieve it. Of course, for young people, the first goal set for themselves should not be too long-term, and it is best to be five years, because the life of young people is most likely to change.
With this goal, you can also save more easily. Here, you motivate yourself with a mentality of not giving up until you reach your goal. For example: I must store 200 thousand in five years; Or, I must save the down payment of the first house after five years; Or, buy a car of your own in five years! The establishment of goals will be of unexpected help to your financial management.
The concept of consumption has also changed and the goal has been set. Now we will take action to achieve our goal! One thing that must be done at this time is the fourth step of young people's financial management: compulsory savings.
So how much is a month's compulsory savings? Under normal circumstances, we will save 40% of our monthly income. In this part, you can deposit in the bank regularly, make a fixed investment in the bank, or buy p2p products with stable interest rates. In short, this part is the money that you should never use unless you have to, and it is also the original capital accumulated for buying a house, car or more advanced asset allocation in the future.
Speaking of compulsory savings, the most important thing for us at this time is to save money, so young friends should never follow the trend or blindly listen to others to get in touch with some high-risk things you don't understand, such as stocks, futures, gold and silver.
What will you do after compulsory savings? Distribute income.
Now you should distribute the remaining 60% of your income reasonably. We can use 30% to support daily expenses, including the above-mentioned food, clothing, housing and transportation, water, electricity and telephone charges. Then 20% is used as a reserve fund, which has a wide range of uses. If you suddenly fall ill, or friends and colleagues invite you to dinner together, go out to play on weekends, or as we said above, you can use this reserve fund, which is the pocket money you give yourself. The existence of this money can make your life less difficult, leaving the last 10%. We should use it to buy insurance. You can choose consumer insurance or savings insurance. The advantage of savings insurance is that it has a saving function in addition to the basic protection function. If there is no accident during the insurance period, the insurance company will return a sum of money to you at the agreed time, just like saving the premium year by year and taking it away at one time after it expires. This is equivalent to increasing your ability to resist risks. In case of an accident or any serious illness, you can also get insurance claims.
Today we talked about some very basic, basic and practical financial knowledge and concepts. Young people who have just entered the society can completely save their first bucket of gold according to this guide.
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