Twelve basic principles of family finance

(1) Clear life goals, good financial planning.

(2) Adhere to thrift and avoid extravagance and waste.

(3) Strict balance of income and expenditure or balance of income and expenditure, within the limits of income, no overdraft.

(4) Persist in saving and consolidate family financial foundation.

(5) Learn to invest in the stock market and look for opportunities to make family assets increase rapidly.

(6) To control risks, the allocation of household assets should be diversified, and all eggs should not be put in one basket.

(7) Study more modern financial products and make good use of experts.

(8) Keep enough cash to maintain a high quality of family life.

(9) Family financing should be cautious to avoid high cost.

(10) We will establish three major family funds: house purchase, children's education and retirement.

(11) We should make good use of the social security system to arrange the family insurance portfolio.

(12) Develop a rational, peaceful, not anxious family financial mentality.