The end of the year has arrived, and people are beginning to review the income and expenditure of the year. Some people clench their wallets for fear that they will accidentally spend them. This kind of moment is reminiscent of the little squirrel guarding the precious food in the hollow of the tree, and begins to become cautious. At this critical juncture, some insiders came up with oneManage your moneyPrinciple: "Three don't buy, three don't sell". There's something deep behind this simple sloganManage your moneyWisdom. However, what matters is how we can avoid itImpulse spendingand panic selling. This article will give you a detailed interpretation of the connotation of "three don't buy, three don't sell", and explore the end of the year people are easy to haveImpulse spendingand psychological causes of selling behavior.
The end of the year is a sensitive period, and people are often eager to "buy, buy, buy" before the end of the year. However, at the end of this oneTimelineWe should avoid buying things that don't correspond to our actual situationCommodities。For example, large home appliances and automobiles that do not have space and may cause financial burden. Just like you wouldn't have a horse in a small apartment, overspending not only adds to the financial burden, but also takes up space.
In avoiding the purchase of impracticalCommodities, we can think more rationally about our actual needs andBudget。The development of a shopping list can help us to buy the items we need in a targeted manner and avoid themImpulse spending。In addition, carefully comparing the quality and quality of different brands and merchants, and choosing the most cost-effective products, is also an effective way to control spending.
The festive atmosphere at the end of the year and the activities of merchants often stimulate people's desire to buy. Merchants tend to take advantage of this psychology by launching a variety of seemingly tempting offers and limited-time discounts. But we need to be rational and not be fooled by these ads and discounts.
In avoiding the purchase exceededBudgetofLuxuryWhen we can develop a reasonable consumptionBudget。In the formulationBudget, take into account your income and expenses, and make sure you don't spend more than you can afford. At the same time, we can also try to avoid it by making shopping lists and limiting shopping timeImpulse spendingand buying useless things. You can also work with friends or family to set shopping rules, monitor each other, and remind each other to followBudget
The end of the year is often a period of market volatility, variousInvestmentsProducts will also pop up. However, blindlyInvestmentsIt often carries a high level of risk, with the potential to cause huge losses.
Avoid buying high-riskInvestmentsWhen producing, we should pay attention toRisk managementwithDiversification。First of all, you must be clear about your risk tolerance and not exceed your ownInvestmentsCompetence to be carried outInvestments。Secondly, it is necessary to choose a relatively stable oneInvestmentsvarieties, such as:Fixed Deposits, bonds, etc. In addition, we can also consider going through an ETF** orInvestmentsCombination to reduce risk.
Don't easily sell those that are steadily increasing in value at the end of the yearLong-term investmentLong-term investmentIt is a process of lasting witness to value growth, which requires patience and perseverance. Just like a slow-growing tree takes time to see its fruits, we can't just sell blindly because of short-term market fluctuations.
In keepLong-term investmentIn the process, we can pay attention to the long-term trend of the market and choose the right one according to our own risk appetite and time needsInvestmentsProducts. In addition, we can also pass through the regularInvestmentsto diversify market risks and reduce the psychological pressure caused by market fluctuations.
Don't take those items with sentimental value lightly at the end of the year. These items may not necessarily be of high value, but they carry our memories and emotions. Just like an old photo album at home, although it may not be valuable, it records the bits and pieces of our growth, full of memories and feelings.
When keeping items with sentimental value, we want to be clear about how important they are to us. If these items bring us joy and happiness, we should cherish them and keep them properly. When funding is needed, we can consider other solutions instead of simply selling items with sentimental value.
Don't sell at a low price at the end of the year in a panicor assets. The end of the year is often a period of market volatility, which can easily cause panic and irrationalityInvestmentsDecision-making. However, the low price was soldOr the asset may make you miss out on the opportunity to market ahead** and not enjoy the benefits.
We should be good in the face of market volatilityRisk managementand stay calm and rational. If you really need to sellor assets, we can consider the overall trend of the market, follow long-term planning andInvestmentsPrinciple. In addition, we can also chooseStop lossto control the risk and reduce the losses caused by panic to a certain extent.
The end of the year has come, and we should keep in mind the "three don't buy, three don't sell".Manage your moneyPrinciple, avoidImpulse spendingand panic selling. Not buying unrealistic commodities, not buying luxury goods that exceed your budget, not buying high-risk investment products, not selling long-term investments with stable appreciation, not selling items with sentimental value, and not selling ** or assets that were sold at low prices due to panic can make us more rationalManage your moneybusiness management.
The end of the year is easy to produceImpulse spendingThere are roughly three psychological reasons for the sell-off: the mood swings of the year-end review, the festive atmosphere and the stimulus of businessBudgetand the closing pressure of the target. Understanding these psychological causes allows us to better grasp themManage your moneyThinking and methods to avoid making irrational decisions.
At the end of the hustle and bustle, calmness and rationality are very important. We need to learn to think rationally and not be distracted by the outside world so that we can make more informed and rational financial decisions. By formulating consumptionBudget, shopping list, pay attention toRisk managementwithDiversificationBy cherishing items with sentimental value, as well as paying attention to market trends and long-term planning, we are able to better grasp the essence of "three don't buy, three don't sell" and embark on a steady path of financial management.