A method for managing a self-balancing vehicle includes establishing a first Blue Tooth connection with the self-balancing vehicle, acquiring traveling state data of the self-balancing vehicle through the first Blue Tooth connection, determining whether a smart warning mode is enabled, establishing a second Blue Tooth connection with a smart wearable device if the smart warning mode is enabled, acquiring a preset monitored item and a preset warning event, monitoring the monitored item in the traveling state data for determining whether the warning event has occurred, and sending a warning message to the smart wearable device through the second Blue Tooth connection if the warning event has occurred.