Budget: First, make a monthly or annual budget, including daily expenses, savings and investments, which will help you understand your financial situation and plan your expenses.
Savings plan: use part of your salary for savings and set up an emergency fund for emergencies. The savings ratio should be determined according to one's income and expenditure level, and it is generally recommended that the savings ratio should not be less than 20% of income.
Investment plan: allocate the investment proportion reasonably, and choose the investment products suitable for you according to your risk tolerance, such as funds, stocks, bonds, real estate, etc. It is suggested that novices should start with low-risk long-term investment products and gradually improve their risk tolerance.
Debt repayment plan: If you have debts, you need to pay off part of your salary. Paying off debts on time can avoid the accumulation of interest and the decline of credit rating.
Rational consumption: control your own consumption level, purchase items according to actual needs and budget plans, and avoid excessive consumption and waste.
Learning financial management knowledge: Continue to learn financial management knowledge, understand different investment methods and market changes, and improve your financial management ability and risk awareness.
Regular evaluation and adjustment: regularly evaluate your financial plan and investment portfolio, and adjust the investment ratio and investment strategy in time according to market changes and your financial situation.
The above suggestions can help you distribute your salary, improve your financial management ability and achieve financial freedom. However, it should be noted that financial management is a long-term process, which requires patience and persistence, and it is also necessary to formulate a financial plan that suits you according to your own situation.