Skills one: Combination of savings

If you want to learn financial management, first you should have capital. The monthly surplus of wages can be put in combined savings.The combination can be divided into threeparts:

Firstly, The first part is the daily consumption savings.It’s easy towithdraw andalso tomakeprofit.

Secondly, Installment saving. The deposit can be set for one year, you can make saving by set a monthly deposit with the bank.

Third part is fixed term deposit. If youalreadyhave a certain amount of savings, but not enough to buy financial managementproducts,you can try fixed term deposit.

Skill two: Financial planning skills

Financial management requires rigorousthought of science students, you need to well plan foryourfamily expenditure.Otherwise,your spouse maybuysome expensivethings unwisely. In addition, the financial planning should be correspondingto reality, the goal should be reasonableandeasy to implement.

Skill three: Skill of portfolio

The advantage of portfolio investmentis that even if one side loses money, but the other side may makemoney, so it doesn’t hurt too much. The correct way of financial management shouldallocate the proportion of savings reasonably, the ratio of familydaily consumption and purchases of products, then portfolio investment.For example,2/3 of the money could be investedin crude oil, heavy metalsand the rest could be in stockmarket.

Skill four:Developfinancial habits

Do not be anxious for success,try to read more books and newspapers, learn more financial knowledge, or consult with professional institution. It’s important to develop the habit of obtain information bymulti-ways.