Financial management is divided into corporate financial management, institutional financial management, personal financial management and family financial management. Human survival, life and other activities are inseparable from the material foundation and are closely related to financial management.
"Financial management" is often used with "investment and financial management" because "financial management" includes "investment" and "investment" includes "financial management". The so-called financial management is not only about investing in financial management, but also about being invested. If you don't know how to invest, you don't know how to manage money better.
After New Year's Day, the yield of bank wealth management products collectively "dived" and showed a slight decline. The financial products recommended in this issue fluctuate greatly, both in terms of yield and investment period.
Lifelong expenses include the living expenses of individuals and families from birth to death, as well as the financial expenses arising from investment and application for credit. Some people have expenses and families have burdens. The main purpose of making money is to meet personal and family expenses. Including: living expenses: including family expenses such as food, clothing, housing, entertainment and medical care. Financial expenses: including loan interest expenses, guarantee insurance expenses, investment formalities expenses, etc.
When the current income exceeds the expenditure, there will be savings, and the savings accumulated in each period are assets, that is, the principal that can help you roll money and generate investment income. In old age, when people's resources can't continue to work to generate income, they must rely on monetary resources to generate financial income or realize assets to meet the needs of the elderly.
Borrow money when cash income cannot cover cash expenditure. The reason for borrowing money may be that you can't make ends meet temporarily, and you can buy real estate or automobile appliances that can be used for a long time to expand credit investment.
If the loan is not repaid immediately, it will accumulate into liabilities and pay interest according to the balance of the liabilities. Therefore, before the loan is paid off, in addition to living expenses, there will be amortization expenses of financial principal interest.
In modern society, not all income can be used to pay expenses, but income tax, property tax, gift tax or inheritance tax must be paid if there is income, so how to legally save income tax in cash flow planning and gift tax or inheritance tax in property transfer planning has become an important content of financial management and a primary consideration for high-income individuals.