WHAT IS PERSONAL 
    FINANCE??
    • PERSONAL FINANCE DEFINES ALL FINANCIAL DECISIONS AND 
      ACTIVITIES OF AN INDIVIDUAL OR HOUSEHOLD, INCLUDING 
      BUDGETING, INSURANCE, MORTGAGE PLANNING, SAVINGS AND 
      RETIREMENT PLANNING.
    BREAKING DOWN PERSONAL FINANCE.
    • ALL INDIVIDUAL FINANCIAL ACTIVITIES FALL UNDER THE 
    PURVIEW OF PERSONAL FINANCE; PERSONAL FINANCIAL 
    PLANNING,GENERALLY INVOLVES ANALYZING YOUR CURRENT 
    FINANCIAL POSITION, PREDICTING SHORT-TERM AND LONG-
    TERM NEEDS AND EXECUTING A PLAN TO FULFILL THOSE NEED 
    WITHIN INDIVIDUAL FINANCIAL CONSTRAINTS.  PERSONAL 
    FINANCE IS A VERY INDIVIDUAL ACTIVITY THAT DEPENDS 
    LARGELY ON ONE'S EARNINGS, LIVING REQUIREMENTS AND 
    INDIVIDUAL GOALS AND DESIRES.
    MOST IMPORTANT ASPECTS 
    OF PERSONAL FINANCE.
    • ASSESSING YOUR CURRENT FINANCIAL POSITION - LOOKING AT 
    EXPECTED CASH FLOW, CURRENT SAVINGS, ETC.
    • BUYING INSURANCE TO PROTECT YOURSELF FROM RISK AND 
    MAKING SURE YOUR MATERIAL STANDING IS SECURE
    • CALCULATING AND FILING TAXES
    • SAVINGS AND INVESTMENT
    • RETIREMENT PLANNING
    BUDGETING
    • A BUDGET IS A PLAN FOR YOUR FUTURE INCOME AND 
    EXPENDITURES THAT YOU CAN USE AS A GUIDELINE FOR 
    SPENDING AND SAVING. ALTHOUGH MANY AMERICANS ALREADY 
    USE A BUDGET TO PLAN THEIR SPENDING, THE MAJORITY OF 
    AMERICANS ALSO ROUTINELY SPEND MORE THAN THEY CAN 
    AFFORD. THE KEY TO SPENDING WITHIN YOUR MEANS IS TO 
    KNOW YOUR EXPENSES AND TO SPEND LESS THAN YOU MAKE. A 
    GOOD MONTHLY BUDGET CAN HELP ENSURE YOU PAY YOUR BILLS 
    ON TIME, HAVE FUNDS TO COVER UNEXPECTED EMERGENCIES, 
    AND REACH YOUR FINANCIAL GOALS.
    INSURANCE
    • INSURANCE IS A CONTRACT (POLICY) IN WHICH AN INDIVIDUAL 
    OR ENTITY RECEIVES FINANCIAL PROTECTION OR 
    REIMBURSEMENT AGAINST LOSSES FROM AN INSURANCE 
    COMPANY. THE COMPANY POOLS CLIENTS' RISKS TO MAKE 
    PAYMENTS MORE AFFORDABLE FOR THE INSURED.