Personal financial management is more important than… making money

Do you know what your financial situation is, do you have enough income to spend? And if enough, are you sure you are financially ready for emergency situations such as illness, illness? Or do you have a plan to buy a house, buy a car, or send your children to further study, even study abroad, and when you are old, can you rely on your children? It is a fact that not many people are aware of these problems.

If the financial literacy rate of adults in developed countries is more than 65%, in some countries in the Middle East and Europe it is from 35 to 54%, then in South Asia, including Vietnam this figure is less than 24%, still lower than the rate in Africa and South America at 25-34%. That is, on average, only 1 person is interested in about 4 people financial management.

Manage Personal Finance is a skill you rarely learn in school, but have a vital decision with your pocket. You may have little money, but if you know how to accumulate it, you will achieve your goals in life.

On the contrary, you can be successful and earn a lot of money, but if you do not have a sense of strictly managing your assets, you will soon lose and waste.

So what are the most common mistakes people make in their personal finances? When should each of us make a financial plan to manage our personal expenses?

Around the content “Personal financial management”, section Focus of the program Financial Flow This week, with the participation of Ms. Luong Thi My Hanh – Director of Domestic Asset Management, Dragon Capital Vietnam – detailed analysis!

* Invite readers to watch programs broadcast by Vietnam Television on TV Online and VTVGo!