The first level of financial management is savings. It is the foundation of all financial management methods and also the basis for an individual's independence. It stems from planning and frugality. People who can't even save, unless their income does not reach the minimum social security line, it indicates that they lack self-control and cannot expect them to achieve success in wealth management.
The second level of financial management is purchasing insurance. Most insurance products in the current life insurance market are basically a combination of financial management functions and insurance functions. Therefore, buying insurance is a form of financial management. At the same time, purchasing insurance also reflects an individual's sense of family responsibility. Currently, the vast majority of employers in the country have purchased basic social labor insurance for their employees.