Question

What is included in an individual’s personal finances? Select three options. number of dependents money Career property investment

Answer 1

Hi there,

In an individuals personal finances, following are the three things from the options above are included,

1- investment

2-career

3-money

I hope the above answer is satisfactory.

Thanks for asking.

Answer 2

1. Investments

2. Property

3. Career

These three are very critical inputs in assessing a person’s personal finances. Investments can be in stocks and shares or other assets. Property does not need any explanation, but it can start with the person occupying his or her own accommodation and then can own even more properties adding to their overall wealth. Career basically refers to the earning potential of the individual. This will include the current level of earnings from a job or a business and the future prospects with a reasonable measure of certainty.  

One’s personal finances become essential when he or she applies for a loan for a house or for starting a business. The lending institutions look at the above factors before deciding on the eligibility of the person to avail the loan.