Personal Financial Planning: Theory And Practice:

Personal finance is known as the application of the finance principles to the financial decisions of any family unit or any individual. With the increasing economic instability to maintain better lifestyle it is essential to have proper financial security.   The truth of the matter is most people are only broke in the way that they spend money and the great news is that can be fixed. It has become far more complex than it was few decades ago.

Set up an automatic investment plan. . Buy a program that can be completely automated. Financial Control.



Reducing impact of financial crisis : In case an emergency arises in your family, you can take care of it without waiting for someone else to help you out. Personal finance management will help to keep track on investment and can also help on future re-investment. To find out more about how to "fix" your personal finances and build a savings plan and a retirement plan see the resource box below.

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