What is personal finance?

[Ernestnari]

Personal finance is the management of your finances. It includes everything from saving for retirement to managing your credit card debt. Personal Finance is an important part of life as it plays an important role on how we manage money.

 

[Salt]

At present I am not investing any money and whatever I am earning is either used in spending or deposited in bank so I really need to learn more about personal finance

 

[Good-Person]

At present I am not investing any money and whatever I am earning is either used in spending or deposited in bank so I really need to learn more about personal finance

Personal finance refers to the kind of asset you own. It means that it is your asset and not shared by anyone, not even your partner.

 

[Salt]

What type of Asset are you referring to? Do you mean Car etc or something productive that can yield us money like Gold

 

[Good-Person]

What type of Asset are you referring to? Do you mean Car etc or something productive that can yield us money like Gold

When I said that personal finance is an "asset", what I was referring to was "capital" or "cash". I was talking about working capital.

 

[Kane]

You need cash flow management skills to manage your personal finance. You need to control your outgoing cash flow and improve incoming cash flow.

 

[Salt]

I am doing my best to spend less and earn more to keep my cash flow positive and this way I can stay competitive and can reach my targets too

 

[Bisolami]

I am doing my best to spend less and earn more to keep my cash flow positive and this way I can stay competitive and can reach my targets too

I am also trying my best to spend less money instead of spending money on things that are not relevant

 

[Salt]

We need to invest more and should learn about different schemes and only then we can expect to do well otherwise not

 

[Bisolami]

We need to invest more and should learn about different schemes and only then we can expect to do well otherwise not

There are so many investment schemes and I feel we should be open to a lot of them.

 

[Salt]

We need to first learn about it and I am hearing about so many schemes but we need to first check and only invest when we are satisfied