My university major is international economics and trade, so I have learned a lot about financial management. I remember that my teacher’s favorite saying at the time was: “If you don’t manage your finances, your finances will ignore you.” This is because the purchasing power of money will depreciate. For example, the purchasing power of 10,000 yuan 20 years ago is different from that of 10,000 yuan now. It can be seen that financial management is very important to us.

There are many ways to manage money, including bank deposits, bonds, funds, stocks, futures, investments, etc.

The financial industry is very deep, so if you don’t understand the financial industry at all and manage money rashly, you will definitely lose money. Finance is a tool for capitalists to make money. You can watch the movie "Wall Street", which will tell you how cruel capital is. So although I have studied finance, as a rookie, I still only dare to choose some conservative financial management methods. So the financial management method I choose is what I think is the best financial management method. Financial products

Nowadays, bank deposit interest rates are very low. According to the notice issued by the central bank, we can know that the interest rate on demand deposits is only 0.35%, which means that a principal of 10,000 yuan can earn 35 yuan in interest a year. Of course, this 0.35% is the data given by the central bank. The interest rates of other major banks may be lower than this. For example, the current deposit interest rate of ICBC is 0.3%.

The interest rate for time deposits will be higher, with the one-year interest rate being 1.5% and the three-year interest rate being 2.75%. The one-year interest rate of ICBC is 1.98%, and the three-year interest rate is 3.57%.

So we can choose financial products, which are the same as time deposits. They have low risks but high interest rates. ICBC has a financial product, which starts at 50 yuan. The product has a term of one year and can be withdrawn after maturity. Its interest rate is 2.1%. China Life has a financial product with a minimum purchase price of 1,000 yuan. The product period is 365 days and can be withdrawn after maturity. Its interest rate is 4.57%.

The above recommended financial products are all low-risk financial products. It can be said that they have almost no risk, but their interest rates are much higher than bank deposits. Yu'ebao

One disadvantage of buying financial products is that we cannot use the funds before the product expires, so I recommend that everyone keep an appropriate amount of reserve funds for emergencies.

To get more interest, we can put the reserve fund in Yu'e Bao, which has the same effect as a current deposit. The current interest rate of Yu'e Bao is 1.5%, which is indeed much lower, but we can use it at any time. Funds

Compared with financial products, funds have high interest rates, but their interest rates are also highly volatile. Therefore, the fund is suitable for people with strong tolerance.

If you are a newbie, I suggest you give it a try, but don’t invest too much.

In addition, stocks and futures are financial management methods that I do not recommend unless you really understand economics. The stock and futures markets are very wet, and novices will only suffer losses when entering the market. Of course, if you have enough capital, I recommend you try investing. The return on investment will be higher than that of financial products, and its risk is lower than that of stocks, but the premise is that you can do it in a down-to-earth manner.