Family financial management and expenditure reduction are both important components of family financial management, but financial management is more important than expenditure reduction to some extent for the following reasons:

Financial management can increase income and wealth: financial management can increase family income and wealth through investment, entrepreneurship and other means, thus improving family economic situation and improving quality of life. And cutting expenditure only reduces expenditure and cannot increase family wealth.

financial management can plan the future: through financial management, you can plan your future life, education, medical care, etc., and avoid being unprepared in an emergency. And throttling is only the current control expenditure, and we can't make plans for the future.

financial management can pursue long-term interests: financial management can realize the appreciation of assets through long-term investment, thus pursuing long-term interests. And throttling is only a short-term behavior and cannot pursue long-term interests.

financial management can enhance self-confidence: through financial management, family members' confidence and determination in their future life can be enhanced, so that they can face the challenges of life more actively. And throttling may make family members feel anxious and worried.

In short, financial management is the core of family financial management. Through financial management, we can increase income and wealth, plan the future, pursue long-term interests and enhance self-confidence, which are irreplaceable. Of course, risk management and reasonable planning are also needed in the process of financial management.