Thursday, April 17, 2025

Personal finance

 


Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events.


When planning personal finances, the individual would take into account the suitability of various banking products (checking accounts, savings accounts, credit cards, and loans), insurance products (health insurance, disability insurance, life insurance, etc.), and investment products (bonds, stocks, real estate, etc.), as well as participation in monitoring and management of credit scores, income taxes, retirement funds and pensions.

at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Personal finance principles

 It is hard to define universal personal finance principles because: individual situations vary significantly when it comes to income, wealt...

  • Unsecured loans
      Unsecured loans are monetary loans that are not secured against the borrower's assets. These may be available from financial instituti...
  • Personal finance principles
     It is hard to define universal personal finance principles because: individual situations vary significantly when it comes to income, wealt...
  • Financial accounting
     Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a bu...