AudreySkylar
New member
personal finance sources, in simplest of terms, can be defined as the management of the money. When we talk about the management of money, it means, how to use money effectively and efficiently, minimizing the wastage and optimizing the resources. Financial management tells us how to invest, how to spend, how to save, how to lend, how to borrow. Finance is further divided into 3 main types which include Public, corporate and personal finance.
Personal finance is probably the most important of all. How? It includes every single person, a layman, an employee, labor, a shopkeeper, and a very long list.
Personal finance, as it is related to individuals, can be described as managing one’s individual/personal activities related to finance. How to manage it effectively and efficiently is basically the core idea behind personal financial management.
Corporate finance and public finance are managed by highly skilled professionals but managing personal finance is more complex and important as not everyone can afford to hire a financial consultant.
Personal finance is probably the most important of all. How? It includes every single person, a layman, an employee, labor, a shopkeeper, and a very long list.
Personal finance, as it is related to individuals, can be described as managing one’s individual/personal activities related to finance. How to manage it effectively and efficiently is basically the core idea behind personal financial management.
Corporate finance and public finance are managed by highly skilled professionals but managing personal finance is more complex and important as not everyone can afford to hire a financial consultant.
