Category: Personal Finance
Personal Finance
Personal finance involves using the basic principles of finance to manage one’s money by keeping a record of income, budgeting, saving, investing and managing financial risks for example. After the 2008 financial crisis, there was a massive shift in focus from consumerism to saving and investing. According to government data from November and December 2008, consumer expenditure fell by 0.8 percent and 1.0 percent respectively – as personal income shrunk by 0.4 percent and 0.2 percent.
Personal Money Finance
Personal money finance is a way to manage one’s cash balances. This can be done by the following processes:
Personal Finance Tools, Investing and Money Management Tools
The personal finance tools help in managing personal finance of an individual.
The personal finance tools can be classified into 4 and they are:
