Personal finance essay Essay example
Masters
Essay
Finance & Accounting
Pages 3 (753 words)
Download 0
Personal Finance Table of Contents 1 Introduction 3 Household Implications for Personal Financial Management 3 Conclusion 6 References 7 Introduction The concept of management of family finances has derived quite significant degree of interests by the home economists, household families and end-consumers…

Introduction

Based on this notion, the discussion in this paper will aim at specifying the impacts related to the households in relation to personal financial management. Household Implications for Personal Financial Management The notion of personal financial management is considered to be quite crucial with regard to managing the funds in a particular family. The related theory of this notion is further considered to be grounded on the supposition that a certain family functions similar to a management system and being a throughput poses an influence on the factor of satisfaction. Throughout the period of 1990s till date, the subject relating to financial education witnessed a growth and popularity on the plans of community groups, government agencies, educators, policy makers and businesses. The escalating concern regarding the field of financial education is known to be triggered by the augmenting intricacies with reference to such financial products along with the growing accountability pertaining to the individuals concerning their respective financial safety. Contextually, individuals who are financially aware are considered to make effective financial decisions in relation to each of their respective families. ...
Download paper
Not exactly what you need?

Related papers

Finance and Accounting Essay: Personal Finance
1.1. Personal Details Name of Client: Joan Waterson, DOB: 01/01/1961, Age 51, Status: Single. 1.2. Value of Shares The Share Portfolio of Ms. Joan Watterson comprises of 2500 Telstra & 1000 AMP shares which she has been holding for more than a year. However, it may be noted that Ms. Watterson is not a very keen equity investor and theses investments were accidental. The Capital gain that Ms.…
Essay on Finance
This passion and interest led to the decision of acquiring a Bachelors degree with majors in finance. I believe that life is a continuous learning process and one should never consider himself to have mastered something at any point of his life. It is due to this reason that I wish to gain further knowledge about the field of finance by attaining a Masters degree in it. My academic performance…
Personal Finance in Different Countries
Tax and tax havens Tax havens contribute to growth development in the small potential countries. More so, in small states, land is considered very expensive. The low density in population that the country can accommodate will attract the household with high income (Gordon, 2002, p.15-31). The high-income affected households, in most cases will enjoy low income taxes. The small-scale size is also…
Personal finance: Life cycle aproach
However, understanding customers’ habit may be challenging since auxiliary issues adjusts such patterns. Therefore, this script examines the life cycle approach and its usefulness when understanding consumer patterns. Furthermore, it deduces the lessons arising from such patterns. Life cycle approach centers on personal spending and savings in an individual’s livelihood. Customers present…
Planning Personal Finance
800 Cash outflow towards mortgage and insurance for the 2 additional months is (400+50) x 2 = ? 900 This offer is effectively lower than the base option by ? 100 For the offer of ? 265,500 with a moving date of 4 months, Cash inflow from higher offer is (265,500 – 263,200) = ? 2,300 Cash outflow towards mortgage and insurance for the 3 additional months is (400+50) x 3 = ? 1,350. This offer is…
PERSONAL FINANCE
The two children attend a nearby secondary school and likely to attend university. As a planner, I will ensure that the advice give to the Jameson family is suitable to the financial circumstances, and situation of the family and the financial plan will match their level of financial literacy. This paper will produce a comprehensive financial plan for the Jameson family under the following…
Corporate Finance II Essay
The bank is listed in the Australian Stock Exchange and has made a satisfactory performance over time. Financial Policies of Westpac Banking Corporation related to Capital Structure In 2008, Westpac went into a strategic alliance with St. George Bank Limited in a merger operation. In that merger the exchange ratio of St. George Bank Limited to Westpac Bank was 1.31. This means that the valuation…