Financial management is a process of managing assets and liabilities through various means, such as savings, insurance, securities, foreign exchange, collection and housing investment. On the basis of analyzing and sorting out data such as income, assets and liabilities, according to risk preference and tolerance, reasonably arrange funds to maximize asset appreciation within acceptable risk range. ?

Personal financial management refers to how to formulate procedures for rational use of financial resources and the realization of personal life goals. Financial management is a process of making, arranging, implementing and managing an overall and coordinated financial plan in order to realize one's life goals and ideals.

Extended data:

Financial management, as its name implies, refers to financial management. When people talk about financial management, they think of either investing or making money. In fact, the scope of financial management is very wide. Financial management is to manage the wealth of a lifetime, that is, the cash flow and risk management of an individual's life. Contains the following meanings:

Financial management is a lifetime wealth, not just to solve the problem of urgent need for money.

2 Financial management is cash flow management. Everyone needs money (cash outflow) when he is born, and he also needs to make money to generate cash inflow. Therefore, whether you have money or not, everyone needs to manage money.

③ Financial management also includes risk management. Because more flows in the future are uncertain, including personal risk, property risk and market risk, which will affect cash inflow (income interruption risk) or cash outflow (cost increase risk).

Baidu encyclopedia-wealth management