1. Making money is easier than spending money: first of all, financial management is to control consumption and avoid excessive consumption, especially unnecessary consumption.

2. Establish an emergency fund: it is generally recommended that families have at least three months' living expenses as an emergency fund for emergencies.

3. Properly handle all kinds of debts: try to reduce high-interest debts, such as credit card bills. Gradually eliminate high-interest debts and gradually establish credit.

4. Invest in long-term high-quality assets such as stocks and funds: If you have extra funds, you can consider investing in long-term high-quality financial products such as stocks, funds and bonds.

5. Monthly budget: Planned monthly expenditure can better manage assets and avoid excessive consumption.

6. Necessity of insurance: Buying medical insurance, auto insurance and other risk insurance, as well as life insurance, can provide us with economic support and psychological comfort when encountering unexpected problems.

Common sense of financial management basically includes controlling consumption, establishing emergency fund, dealing with debts, investing in high-quality assets, budgeting and buying insurance. These knowledge points can help us better manage personal finance and improve asset management.