What are the misunderstandings of family financial management? How to plan family financial management?

Misunderstanding 1, unclear target. Second, think that financial management is the patent of the rich. Third, too conservative or too open. As for how to plan, as a financial planner, I can't tell you exactly how to manage money here. I can only tell you that you can refer to the quadrant chart of financial planning. Quadrant diagram of financial planning, focusing on four accounts for financial planning. Usually, financial planners will allocate according to the different situations of customers through these four accounts. These four accounts can only be used for reference. The first account is an emergency account. It is the family reserve, which is usually the family's expenses for three to six months. The purpose is to use it all the time when the family can't generate income in a short time after an accident. The second account is a risk account, that is, an insurance account, which is also a relatively important account. When a family encounters a major accident, it may lead to the family's inability to continue to protect its previous living conditions, such as accidental death and major illness. These major changes will bring devastating disasters to families. At this time, the insurance account plays a vital role. The third account is an investment account. This account is mainly used for family financial appreciation, and is usually equipped with some high-grade investment products with high risk coefficient. The fourth account is a stable value-added account, which is mainly used for the stable value-added of some assets under the condition of ensuring risks. You can refer to these four accounts to allocate your assets. Of course, the distribution ratio of each account is also scientifically based, and it is impossible to make it clear here. Doing financial planning in this way can make family members safer, at the same time, it can also play the role of maintaining and increasing the value of assets, and on the other hand, it can also save family members from worries.