Financial management is a process of managing personal assets, involving many aspects, including investment, savings, loans, taxes and so on. Here are some common sense of financial management: 1. Establish an emergency savings fund: Establishing an emergency savings fund is the first step in financial management. This can be used in an emergency to avoid financial difficulties caused by unexpected events. It is suggested that the amount of savings should be controlled within three to six months of living expenses. 2. Make a long-term investment plan: The long-term investment plan should consider personal risk preference, investment objectives, investment period, asset allocation and other factors. Financial managers should choose suitable investment targets according to their actual situation, such as stocks, funds, real estate, etc. , diversify investment risks. 3. Don't blindly follow the trend: When investing, don't blindly follow the trend. We should carefully study the fundamentals and market prospects of the investment target, understand our risk tolerance, judge the value and reasonable price of the investment target, and avoid blind investment with market sentiment. 4. Rational Debt: Debt is an inevitable part of financial management, but it needs to follow the principle of rational debt. Loans should be based on their repayment ability and financial situation to avoid excessive debt. At the same time, it is necessary to choose a loan method with low loan interest rate and long repayment period to reduce the repayment pressure. 5. Insurance planning: Insurance is a part of financial management, which can provide protection for future risks. Financial managers should choose their own insurance types and coverage according to their actual situation, such as medical insurance, personal accident insurance, vehicle insurance and so on. 6. Tax planning: Financial planners should understand tax policies and preferential tax policies, rationally plan their income and property, and reduce the tax burden. 7. Check and adjust regularly: Financial planning is a long-term process, which needs to be checked and adjusted frequently. Financial managers should conduct a comprehensive review and adjustment of their financial planning every year to adapt to their financial situation and market changes. 8. Diversified investment: Diversified investment can reduce risks. Wealth managers should diversify their assets into different investment targets to avoid excessive concentration on one investment. For example, you can invest in stocks, funds, bonds, real estate and so on. While spreading risks. 9. Control investment costs: investment costs include transaction costs, fund management fees, taxes and fees, etc. Financial managers should choose low-cost investment methods, such as index funds. 10. Establish a good credit record: A good credit record can help the wealth management manager obtain a better loan interest rate and a higher credit line. Therefore, the financial manager should repay the loan on time to avoid overdue and arrears. 1 1. Pay close attention to the current situation of personal assets: financial managers should always know the current situation of their personal assets, including income, liabilities, savings, investment, insurance, etc. This will help financial managers to adjust their financial planning and adapt to changes in the market and personal financial situation. 12. Pay attention to investment risk: investment risk is a reality that wealth managers need to face. Financial managers should understand their risk preferences, choose appropriate investment targets and avoid taking excessive risks. In a word, financial management is a long-term and systematic process, which requires comprehensive consideration of various factors. Financial planners should make their own financial plans according to their actual conditions, and pay attention to long-term planning and steady investment.