1 Key points for financial management during the single period: This period is the accumulation stage for the future family. There is not much family burden during this period, so the key is to lay a good foundation. A job that can bring stable income is indispensable.

Since the burden is lighter at this time, young people can choose some new investment products with small investments and high returns.

2 Key points for financial management during the family formation period: This period is the peak period of household consumption.

Economic income has increased, but in order to improve the quality of life, it is necessary to pay larger home construction costs, such as purchasing some higher-end daily necessities, paying off mortgages, etc.

The focus of financial management at this stage should be on rationally arranging household construction expenses. After a little accumulation, you can choose some more radical financial management tools, such as equity funds, stocks, precious metals, crude oil, etc., in order to obtain higher returns.

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3 Key points for financial management during the family growth period: The largest expenses for a family are children’s education expenses and health care expenses.

However, as their children's ability to take care of themselves increases, parents can start their own businesses based on their experience in investment, such as venture capital.

When purchasing insurance, you should focus on education funds, parents’ own protection, etc.

4 Key points for financial management during children’s college education: During this stage, children’s education expenses and living expenses increase sharply.

For families that have achieved success in financial management and accumulated a certain amount of wealth, they are fully capable of paying and can continue to use their financial management experience.

Families that have trouble managing their finances and are not yet wealthy usually have a heavy burden. They should focus on their children's education and living expenses to ensure that their children successfully complete their studies.

5 Key points for financial management during the mature period of the family: During this period, as your work ability, work experience, and financial situation have reached the best state, and your children have become independent, the burden on the family has gradually decreased.

Therefore, financial management should focus on expanding investments.

It is not advisable to choose too many risky investments during this period.

In addition, a pension fund must be saved, and insurance is suitable for pension accumulation and asset preservation.

6 Key points for financial management after retirement: The purpose should be to spend your old age peacefully, and investments and expenses should be conservative.

It is best not to make risky investments during this period.