Should the average person do financial planning? How should ordinary people do financial planning?

What should be done before financial management?

1. Understand your own financial situation

It is necessary to know clearly how much you spend loan every month, where you spend it, how much balance you have, etc. so that you can do better financial planning.

2. Evaluate your investment and financial risk, know the maximum risk you can bear.

This is the most crucial part, which type of style you belong to is very important, to understand the type of investment and finance is aggressive, steady or conservative, and then accordingly to do matching investment.

3. Work hard to save the first bucket of gold in life

The cost of living for many young people is getting higher and higher, with more and more habitual spending, and they feel like they can't save money. Think about it, without the first bucket of gold, how can you come to money to money? Only you first save up a capital, this does not care how much, but it has to be that you currently can not use, idle before.

Second, how to develop good financial habits?

1. Frugality is a good habit of financial management.

Money should be spent where it should be spent, and money that should not be spent should not be spent so that wealth can be accumulated. Frugality is not the same as miserliness. You should learn to spend money wisely instead of wasting it. Some people are frugal, but they can live comfortably. I'm not in favour of biting the bullet and living, but being organised means knowing how to spend the least amount of money for more pleasure.

2. Plan your spending

Plan for every big purchase you make, how to do it ploan to get the best benefit, for example, shopping in the supermarket is a daily consumer activity, but then we make a list before shopping, control your desire to shop, do not spend blindly, or when you want to replace a big item, you can consider instalment or there is no other way to replace. If you don't buy, will it affect your life? Careful planning and learning to control will cost you a lot less.

3. Good bookkeeping habits

I'm sure many people in life have the habit of keeping track of their accounts. However, very few people can stick to it: bookkeeping is a good financial habit, but it's important to stick to it. It is quite a long process. It's not good to remember today, not tomorrow. Bookkeeping is not about saving money, he helps everyone find out where the money is so that every dollar can be tracked.