Personal finance covers individual budgeting, saving and spending, with illness, job loss and reduced income in mind. It teaches you how to use your money wisely, and can also involve managing your finances to help increase your wealth.
With a proper plan, personal income can be spent wisely: a percentage can go into savings for emergencies, such as job loss and retirement preparation, while the rest sustains daily and monthly needs such as rent and clothing.
This course defines personal finance and covers the personal financial planning process, its guiding principles, key focus areas, practical planning tips, and the benefits of personal finance to both individuals and groups.
You will learn:
- The definition of personal finance and what it entails.
- The personal financial planning process.
- The principles of personal finance.
- The main focus areas of personal finance.
- Tips for proper personal financial planning.
- The benefits of personal finance.
This course is part of our Accounting & Finance courses, and pairs well with our related Personal Development training.
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