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Introduction and significance of personal finance
Personal finance refers to the financial decisions individuals make to budget, save, and spend money over time while accounting for risks and future events. It involves considering banking, investments, insurance, retirement plans, and tax management. The significance of personal finance includes income, cash flow, capital, investments, standard of living, financial understanding, assets, savings, and ongoing advice.
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Introduction and significance of personal finance
- 1. Introduction and Significance ofPersonal Finance Presentation By: Dhrumil Shah TYBBA Div 1 Roll No. 38
- 2. Introduction to PersonalFinance • Personal finance refers to the financial decisions which an individual to make to obtain budget, save and spend monetary resources over time, taking into account various financial risks and future life events. • Points considered: Banking needs-investments-insurance-retirement plans-income tax management.
- 3. Significance of PersonalFinance • Income • Cash flow • Capital • Investments • Standard of living • Financial understanding • Assets • Savings • On-going advice