The following are some common sense of financial management that ordinary people should know:

1. Balance your expenditures: Keep your expenditures in balance and avoid spending more than your income.

2. Savings planning: Develop a savings plan, allocate monthly income into savings and living expenses, maintain a savings mechanism, and accumulate family wealth.

3. Adjust consumption habits: avoid large amounts of consumption, moderately control living expenses, and establish reasonable consumption habits.

4. Resist debt: avoid borrowing, avoid using credit cards, and minimize debt.

5. Investment planning: On the basis of stable savings, make appropriate long-term investments to increase wealth income.

6. Risk management: Before investing, you must evaluate your risk tolerance, avoid blindly following trends, and conduct sufficient research and risk assessment before investing.

7. Health protection: Establish family health protection and set aside a certain amount of funds for your family’s health and accident risks.

8. Tax planning: Understand tax laws and policies, avoid taxes reasonably, and save costs.

In short, ordinary people should understand these basic financial management common sense when managing finances, continue to accumulate financial management knowledge and experience, and create a better financial situation for themselves and their families.