1 / 11

Personal Financial Management

An Introduction about personal financial management for family and individual. This includes planning process, focus areas and the consumer activities in planning.

robertsmith364
Télécharger la présentation

Personal Financial Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Personal Financial Management Robert Smith

  2. Contents • What is Personal Finance • Personal Financial Planning Process • Focus Areas • Activities of Consumer • Conclusion

  3. What is Personal Finance • Personal finance is the financial management of an individual or family. • This includes budgeting, investments, and retirement planning.

  4. Personal Financial Planning Process This shows the financial planning process Assessment Goal Setting Creating a Plan Monitoring Execution

  5. Focus Areas Some Personal Financial focus areas: • Financial Position: Understanding the availability of personal resources by examining the net worth. • Adequate Protection: The ways to protect the household from unseen risks. The risks are divided into liability, property, health and many more.

  6. Contd.. • Tax Planning: Income tax is one of the largest expense in the household. The question arises when and the amount of taxes you pay . The government provides many incentives and credit, which will reduce the tax burden. • Investment: Planning to collect sufficient money for large purchases. It also includes planning for major life events.

  7. Contd.. • Retirement Planning: It is the process of understanding that how much it costs to live afterretirement. Then plan according to it.

  8. Activities of Consumer in Financial Management • Earning • Spending • Borrowing • Savings

  9. Conclusion • Personal finance is the process through which an individual or family manages money and future. • If there is less finance or bad credit then there is way to manage them.

  10. References • http://en.wikipedia.org/wiki/Personal_finance • http://www.investopedia.com/terms/p/personalfinance.asp • http://www.investopedia.com/terms/p/personalfinance.asp • http://www.yourdictionary.com/personal-finance • https://48factoring.com/blog/ • http://www.slideshare.net/deborahburns/personal-finance-101-ppt

  11. Thank You !!!

More Related