explain the importance of personal finance and give an overview of your current financial status
pls pa help
Answers
Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
Answer:
Personal finance, as a term, covers the concepts of managing your money, saving, and investing. It also includes banking, budgeting, mortgages, investments, insurance, retirement planning, and tax planning.
Finance is always of great importance, be it in a business or in one's everyday life. People confront financial crisis and need to tackle financial risks on a daily basis. As it is important to manage risks in business, it is equally important to manage risks in life as well..
HOPE IT HELPS!!