About Personal Finance

Deirdre · 10-12-2007

Assessment : A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal cash flow statement lists personal income and expenses.

Creating a plan: The financial plan details how to accomplish your goals. It could include, for example, reducing unnecessary expenses, increasing one's employment income.

Execution: Execution of one's personal financial plan often requires discipline and perseverance. Many people obtain assistance from professionals such as accountants, financial planners, investment advisers, and lawyers.

Monitoring and reassessment: As time passes, one's personal financial plan must be monitored for possible adjustments or reassessments.

Jaybee · 10-25-2007

Quote:

A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal cash flow statement lists personal income and expenses.

I always hear to make charts to keep track of your finances but I never do, it's too much of a hassle.

aspire · 12-02-2007

Indulging in budgeting helps to control your finances.

danish · 02-05-2008

Thanks for sharing. Its good guide actualy to manage our money. For me, the best is do some saving about 10% of our income every month. we can generate more money if we are disipline with this saving.

satasim · 02-14-2008

Yes, I believe everyone have their own personal finance planning about how to make use the income to settle all expenses for evey month. We must have enough income to pay off monthly expenses, then the rest is for saving or investment.

liena · 02-24-2008

We should have a plan how to manage our finance and become retired at young. And we should have personal insurance to cover our debt if anything happen to us.

10-12-2007	#1 (permalink)
Deirdre Member Join Date: Oct 2007 Location: Ireland Posts: 46 Rep Power: 0	About Personal Finance Assessment : A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal cash flow statement lists personal income and expenses. Creating a plan: The financial plan details how to accomplish your goals. It could include, for example, reducing unnecessary expenses, increasing one's employment income. Execution: Execution of one's personal financial plan often requires discipline and perseverance. Many people obtain assistance from professionals such as accountants, financial planners, investment advisers, and lawyers. Monitoring and reassessment: As time passes, one's personal financial plan must be monitored for possible adjustments or reassessments.

12-02-2007	#3 (permalink)
aspire Senior Member Join Date: Jun 2007 Posts: 106 Rep Power: 1	Indulging in budgeting helps to control your finances. __________________ Finance, Investment and Forex Health 'n' Fitness

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02-05-2008	#4 (permalink)
danish Junior Member Join Date: Feb 2008 Posts: 13 Rep Power: 0	Thanks for sharing. Its good guide actualy to manage our money. For me, the best is do some saving about 10% of our income every month. we can generate more money if we are disipline with this saving.

02-14-2008	#5 (permalink)
satasim Junior Member Join Date: Feb 2008 Posts: 15 Rep Power: 0	Yes, I believe everyone have their own personal finance planning about how to make use the income to settle all expenses for evey month. We must have enough income to pay off monthly expenses, then the rest is for saving or investment.

02-24-2008	#6 (permalink)
liena Junior Member Join Date: Feb 2008 Posts: 10 Rep Power: 0	We should have a plan how to manage our finance and become retired at young. And we should have personal insurance to cover our debt if anything happen to us.

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