First, establish contingency reserve arrangement.
The establishment of contingency reserve arrangement is the first step in financial management, which can help people cope with emergencies. It is generally recommended that one month's salary be used as an emergency reserve fund and deposited in an easy-to-withdraw bank account. If there is an emergency, you can use the reserve fund to solve it in time to avoid extra trouble caused by financial problems.
Sample sharing:
Suppose a person earns 8,000 yuan a month, of which 8,000 yuan can be used as an emergency reserve fund.
Second, pay off debts.
If there is debt, it is recommended to give priority to payment and get rid of the debt burden as soon as possible. Debt will affect personal credit and future financial planning, so repayment is preferred. You can gradually repay your debts by making a repayment plan.
Sample sharing:
Suppose a person has a credit card debt of 5,000 yuan and needs to repay 500 yuan every month, then he can make a repayment plan and repay 500 yuan every month until the repayment is clear.
Third, investment.
Investment is a way to increase wealth, but it also needs corresponding knowledge reserves. Ordinary people can learn some basic investment knowledge, such as stocks, funds, bonds and so on. At the same time, we should also learn to control risks and diversify investment risks.
Sample sharing:
Suppose a person's monthly income is 10000 yuan, of which 2000 yuan can be used for investment. You can consider buying some low-risk funds or bonds, or putting some funds into the stock market.
Fourth, savings and financial management.
In addition to investment, saving is also a way to improve financial management ability. You can deposit part of your salary in a bank time deposit and get a relatively stable income. At the same time, you can also learn some financial management knowledge, such as fixed investment and dividend reinvestment. Increase wealth through investment and financial management.
Sample sharing:
Suppose a person's monthly income is 10000 yuan, of which 2000 yuan can be used for savings and financial management. You can choose to deposit part of the funds in bank time deposits, and the other part of the funds can be invested in funds or reinvested in dividends.
finally
Paragraph 1: Determine the financial objectives.
First of all, you need to determine your financial goals. Financial goals refer to the financial goals you hope to achieve through investment, such as buying a house, retiring, traveling, etc. When making financial goals, you need to consider your own time, risk tolerance and investment goals. This can help you determine the investment direction and choose the investment products that suit you.
Paragraph 2: Establishment of contingency reserve arrangement
Establishing contingency reserve arrangement is the first step in your salary distribution. Emergency reserve refers to the funds used to deal with unemployment, illness or other emergencies. It is generally recommended that 6- 12 months' living expenses be used as an emergency reserve. This will ensure that you won't get into trouble because of insufficient funds in an emergency.
Paragraph 3: Pay off the debt with high interest rate.
If you have high interest rate debt, such as credit card arrears or personal loans, you should give priority to repayment. This can help you reduce unnecessary interest expenses and improve your credit rating.
The fourth paragraph: investing in financial products such as stocks and funds.
When you have established contingency reserve arrangement and paid off your high-interest debt, you can start investing in financial products such as stocks and funds. This can help you realize financial appreciation and provide financial support for achieving financial goals. When choosing investment products, we need to consider our own risk tolerance, investment period and expected rate of return.
Paragraph 5: Purchase of immovable property, immovable property and other physical assets.
Buying real estate, real estate and other physical assets can help you realize the diversification of asset allocation and provide stable asset appreciation for the future. When buying physical assets, factors such as location, house price trend and rental income need to be considered.
Paragraph 6: Insurance and retirement plans
Finally, you need to consider insurance and retirement plans. Insurance can help you cope with unexpected risks, and retirement plans can help you maintain a stable standard of living after retirement.