PERSONAL FINANCE

Personal Finance is the process of planning and managing personal financial activities such as generation of income, spending of income, saving of income and investing of income. The process of managing one’s personal finances can be briefed and summarized in a budget or financial plan.

Good financial management narrows down to having a concrete plan and sticking to it till achievement. The plans for personal finance management are usually prepared by personal bankers and investment advisors who works with their clients to understand their needs and goals and also develop an appropriate course of action.