About financial management

Bought stocks this week, first time buying stocks. I wanted to write this because I bought the stock and I was excited.

As a student, I have no income, but I am about to graduate and I still have some savings on hand, so I think I can invest it.

At the end of last year, I signed up for an online investment course jointly with my roommate.

I didn't really want it at first, because the course fee was the same as my university tuition for a semester. Later, I found out that my brother also took this course. He said that it was very good, and it taught more about investment thinking, because the concept of beginners should be correct at the beginning.

Since my brother recommended, I also have the money to pay for the tuition, but I didn't have the opportunity to make up my mind. In order to convince me, my roommate said a lot of things, such as we have money to travel together, and so on. At that time, the epidemic was serious, and we, who were trapped at home, were all thinking about flying, and we would talk about travel from time to time.

Then I thought that my hobbies were expensive, and learning to invest might allow me to do whatever I want. Everything I like is expensive, diving, vinyl, pens, musical instruments, and some that don't. I also think it's amazing how many things I like.

Later, we happily imagined that we would become rich women in the future, so we signed up for the course.

Because my brother has participated in this course, he actually wants to teach us what he has learned. About a year ago, he taught me some superficial knowledge. Originally, my sister-in-law was also interested in listening to me, but after a while, she couldn't listen anymore. I listened hard and found it hard to digest. In the end, I just listened. There was a little idea of financial management in my mind, but it didn't change my life much.

But it’s different if you spend money to learn, because you feel distressed about tuition fees, and feel that money can’t be spent in vain, so you must be full of energy to take classes and digest courses. I didn't expect something that I couldn't understand a year ago, I understand it, I'm really happy, it means I've made progress.

I actually have no idea about financial management. I think enough food is enough. Fortunately, I have enough money all the time, very comfortable.

I didn't keep bills before because I thought I would only spend money on food, which should be about the same every month. I remembered it for a while, but gave up after a while.

A while ago, it was strange, I didn't make up my mind to do it, I just thought about it for a long time, "I have to do it, I have to do it", and then I started to keep my books honest (I also started running for no reason, I have the opportunity to share the running experience. Things are hey!), and by the way, I found the reason why I have not been able to keep accounting before:

I remembered it too carefully before.

For example, if I go to the supermarket to buy things, I buy vegetables, food, and daily necessities that will be used up for a week, etc. When I keep an account, I record the price of each item. One by one, key in is really slow, and I am a diligent and lazy person a lot of the time, and strangely demand perfection. Come back next month. Actually, I just need to keep the totals. Although it is impossible to record the price of items one by one to observe the extent of price adjustment afterward, but at least I have recorded the cost, I only need to know the approximate cost of my monthly expenses.

The mood suddenly opened up, and I persisted like this for two months, it was not difficult. On the one hand, because of the epidemic, I seldom go out and spend very little, so there is no need to record so frequently. Unexpectedly, the epidemic will help promote my bookkeeping habit.

I use the apps on my mobile phone. There are many apps in the play store. Just find the one that suits you. I have used several apps because of intermittent billing, and they are all very easy to use.

Also, put your wallet back in place every day ! Do not leave your wallet in the bag. When I came back from going out, I emptied my bags, water bottles, hand sanitizers, umbrellas, wallets and other things that I would bring when I went out. This is what I learned about sorting out and breaking up. When I was sorting these things, I would see my wallet, and I would remember to sort out invoices and keep accounts.

My previous wallet was stuffed with a lot of strange things except invoices, flowers and plants picked up by the roadside, wanted to be used as hand-held materials, I had no place to put them in my wallet, but I forgot to take them out, small garbage, such as Talk about candy wraps or something. After being exposed to a lot of the concept of renunciation, my wallet is very clean, and I feel a sense of accomplishment every time I read it (although there is not much money in it, hahaha).

The monthly expenses are recorded because while investing, I want to remove some unnecessary expenses and waste, and have some emergency funds left over for a few months. For example, I am still a student and I live on a scholarship. After I graduate, I have no scholarship. Maybe I haven't found a job right away, so I will have no income for a few months. At this time, I have to live on emergency funds. .

I kept emergency funds for half a year, and then threw the rest into the investment basket. The first step in investing is not to enter the market, but to save emergency funds first, and then use the excess money to buy stocks to avoid putting the cart before the horse.

The course also taught us how to look at the fundamentals of business. I feel that I have benefited a lot and gained a lot of knowledge.

It turns out that so many product brands I use are listed companies.

It turns out that an expensive stock price does not mean that it is really expensive, and cheap does not mean that it is cheap. The market fluctuations are inexplicable and magical.

It turns out that the stock price of US stocks fluctuates greatly. If one day I want some excitement, I can play and watch.