What is financial management?

Financial management refers to a way to provide long-term financial security and value-added income for individuals or families through reasonable asset allocation and financial planning. Generally speaking, financial management is to use idle money to realize asset appreciation, effectively plan personal finances, improve economic benefits and achieve financial freedom through investment, savings and risk management.

The main functions of financial management are as follows:

Increase assets: increase the wealth of individuals or families through reasonable investment and savings.

Safeguard risks: reduce investment risks and protect personal assets through risk management.

Achieve the goal: by making financial planning, realize the long-term and short-term goals of personal financial management.

Improve the quality of life: financial management can help people spend reasonably, reduce waste and improve the quality of life.

In short, financial management is the active management and planning of personal finance, which can make personal finance more healthy and stable, and achieve a higher level of quality of life and financial security.