Nowadays, many people have a sense of financial management and want to plan their future through financial management. So where should such financial management start?

Where does financial management begin?

The first step is to increase revenue and reduce expenditure, starting with income and expenditure. Perhaps most people's main source of income is fixed salary, so we should not only work hard, but also improve our appreciation ability and raise our salary to get higher wage income. Only when our income is raised can our basic life be guaranteed and we have money to manage our finances. Then suggestions can reduce unnecessary expenses, and the remaining spare money can be used for investment and wealth management to realize wealth appreciation.

The second step is to choose low-risk products. Xiaobai doesn't have enough investment experience and his risk tolerance is relatively low. It is suggested to start with low-risk products, such as putting money in money funds such as Yu 'ebao and Bitong, which are safe, low-risk and stable in income. In addition to money funds, such as treasury bonds and some bank wealth management products are relatively low-risk products, suitable for wealth management.

If you want to do financial management, you must first have a deposit. Without deposits, you can't manage money. When your income is left after deducting daily expenses, this part of the money can be used for investment and financial management. If you need liquidity, you can deposit it in Yu 'ebao or change account, which can be both profitable and emergency. If your funds don't need liquidity, you can buy some fixed-term bank wealth management or national debt to obtain stable income.

Of course, financial management also needs to master relevant financial management knowledge, accumulate enough financial management experience, and avoid detours in financial management. That's all. I hope it helps you.