Personal Financial Management

Personal Financial Management Research Paper example
College
Research Paper
Finance & Accounting
Pages 3 (753 words)
Download 0
Financial Plan is something which depicts the future cash flow and the saving while using the current asset values and withdrawal/expense plan. During the completion of the “Financial Plan” I have found many key points regarding the budgetary deficit and how to overcome that deficit…

Introduction

Following are my observations while reviewing the plan. During the first week while I was reviewing the expenses, it was an eye opening situation that the major spending were on account of food stuff, clothing and spending leisure time. The total expenses were $1,312/- excluding my credit card payments, rental payments and groceries. I then thought for remedial measures to curtail my expenditure and sort out the problem with the fact that if I start cooking myself, search for the discounted items and spend less to spent leisure and by doing this I can not only manage my finances, live my life accordingly but also save something for the rainy day. While reviewing the data of the second week I noted that I certainly curtail my expenses on food stuff by 33% and the overall expenses reduced from $1,312/- to $ 850/- in second week excluding my house rent and credit card payments which shows betterment and my interest towards savings, but still the major expenses were made on account of groceries where I spent $223.83/- and for spending leisure I spent $118.81. ...
Download paper
Not exactly what you need?

Related papers

Personal Financial Planning
Jeff has now 5 years of job remaining. The best way to utilize his resources to save the money for his retirement is to invest the amount to get a good return. So that he may have enough money to complete his post-retirement plans. Jeff is also having full National Insurance contributions and has some savings. He has won the lottery ticket prize of £800,000. Now he has to use the entire amount…
Financial Management
Financial management is a division of the finance and accounting purpose i.e. concerned with the financing of an industry’s activities. Finance is usually raised through loan capital, share capital and state finance or through inside generated funds. This report is prepared for Roberta Kelly and providing good budgeting plan to her business. It is designed to give the learners a chance to…
Personal finance essay
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…
Financial Management and Accounting
69). Such facilities are licensed under state regulatory bodies with approval of either Medicare or Medicaid, or both of them, and can be a simple facility or a complex one under corporate management. The facility’s main purpose is to offer care services to people who cannot maintain sufficient self-care at home, such as the physically challenged, those who are mentally incapacitated and…
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…
financial management
That one for FedEx is $ 2.17 billion. Market capitalization is the total average value of a public company. Its calculation is the figure representing outstanding shares multiplied by the share price. That one for FedEx is $30.71 billion (Kansas 36). Question # 2 A standard & poor’s 500 Index is an index of 500 stocks as chosen for liquidity and industry grouping, liquidity and among other…
Literature Review of Personal financial services
It constitutes of financial services, which are managed by certified planners and money managers and their main task is to focus on the enhancement of the investor’s money and income. The accumulated wealth of the investor would be managed efficiently with the help of portfolio analysis and effective advisory services. Wealth management in China is highly regulated and monitored by the Chinese…