The first step in family financial management is to clearly understand the income and expenditure of your family, so as to make a better plan.

2. Do a good job in family consumption planning

The short-term goal is mainly the expenditure of the year, such as various basic monthly fixed living expenses, water, electricity and coal, management fees, monthly loans and so on.

Medium-term goals include 1-5-year planning, such as short-term education expenses, big furniture, buying a car and a house, and traveling.

Long-term goals include planning for more than 5 years, such as children's education, retirement, asset inheritance, etc.

In the same period, we can also rank the goals to see which ones are more important to today's families, which ones are necessary and which ones are dispensable. By sorting out the goals of family financial management, we can analyze the key points in different stages.

3. Prepare family emergency fund

Generally speaking, set aside at least 3-6 months of fixed expenses for families to deal with sudden emergencies. This money can be allocated to highly liquid tools, such as cash deposits or money funds. Other money can be used for other higher-yield investments and planning.

4. Configure insurance for your family

For a family, any risk faced by the family pillar will bring unbearable impact to the family. Therefore, insurance protection is a priority and necessary. We can start with sudden health diseases and then consider providing adequate life insurance. After ensuring the insurance configuration of the family income pillar, consider the child's insurance protection.

5. Invest at least 10% of the income.

If you invest 10% of your monthly income in some correct investments, you will get a considerable sum of money unconsciously. Once the concept of financial management changes from "income-expenditure = savings" to "income-savings = expenditure", the day of security is not far away.

6. Make a fixed investment in the fund

You can use the funds saved every month and take advantage of expert financial management to realize your steady income. If the fund is fixed, the effect will be better. Education fund and retirement pension are the biggest demand points for family financial management in the future, and the fixed investment of the fund is also the most suitable financial management tool.

7. Invest in Internet wealth management products

In addition, Internet wealth management products are also a good choice and are favored by many people. Whale Baby is the best choice for Internet financial products, with an annualized rate of return of more than 6.0%, low investment starting point and high liquidity, which can be used as investment. Now click on Whale Bao to register and send a 5,000 yuan red envelope. How much will it cost? The Financial Experience Foundation automatically pays to your account. Once it takes effect automatically, it can generate income the next day, and the income can be withdrawn.