Personal Finance
Personal Finance
Youyun Zhou
Robyn Canners
National University
November 12, 2012
Personal Finance
With the development of the society, more and more people realize the important of personal finance. However, people are not familiar with personal finance. Although they know what they can do, they don 't know the details of the personal finance. Many people who like to buy anything they don 't know how to control the reword. When the day reaches the half of the month, they suddenly find that there is rarely money in their pocket. When people ask them where their money is, they don 't know. It is very important for people to know what personal finance is. Personal finance is not only for the household but also for everyone who want to make more money or save money. There are a lot of branches in personal finance. Therefore, people should be familiar with it at first. People should know what are personal finance, the importance of personal finance, and the foundation of personal finance. Financial planning is also a important way to go through personal finance. The personal financial statement could help financial planning work well. However, if people just think how to make money, it is not enough to make up the personal finance. It also need save money. If people don 't save money, it is useless for people to do personal financial planning. In a word, personal finance contains three parts that are what is personal finance, personal finance planning, and saving money.
The Definition of Personal Finance
What is finance? Bach said: "The management of large amounts of money, esp. by governments or large companies" (2003, p71). It shows people the definition of finance. So what is the definition of personal finance? What will personal finance bring to us? People learn how to enlarge the cash flows and then maintain their operations and offer for their interests is personal finance (Altfest, 2007). The cash flows will decide people 's
Youyun Zhou
Robyn Canners
National University
November 12, 2012
Personal Finance
With the development of the society, more and more people realize the important of personal finance. However, people are not familiar with personal finance. Although they know what they can do, they don 't know the details of the personal finance. Many people who like to buy anything they don 't know how to control the reword. When the day reaches the half of the month, they suddenly find that there is rarely money in their pocket. When people ask them where their money is, they don 't know. It is very important for people to know what personal finance is. Personal finance is not only for the household but also for everyone who want to make more money or save money. There are a lot of branches in personal finance. Therefore, people should be familiar with it at first. People should know what are personal finance, the importance of personal finance, and the foundation of personal finance. Financial planning is also a important way to go through personal finance. The personal financial statement could help financial planning work well. However, if people just think how to make money, it is not enough to make up the personal finance. It also need save money. If people don 't save money, it is useless for people to do personal financial planning. In a word, personal finance contains three parts that are what is personal finance, personal finance planning, and saving money.
The Definition of Personal Finance
What is finance? Bach said: "The management of large amounts of money, esp. by governments or large companies" (2003, p71). It shows people the definition of finance. So what is the definition of personal finance? What will personal finance bring to us? People learn how to enlarge the cash flows and then maintain their operations and offer for their interests is personal finance (Altfest, 2007). The cash flows will decide people 's
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