Article
PERSONAL FINANCIAL PLANNING Personal Financial Planning can be considered as a very pursuable career path that enables people to assist others to achieve their financial objectives in terms of financial planning for the future. Because of this, being a financial planner, one must be aware and be in a position to execute various aspects of money management. Below are three simple techniques that form the core of personal financial planning. Firstly, In personal financial management, the most important tool is budgeting. A budget can be defined as designing a plan that factors in all possible revenues and expenditures for a specified period, usually the month. This technique makes is easy for any person to see where his or her money is being used and can make adjustments where necessary. A good example of how budget can be classified is by differentiating between fixed expenses such as rent and utilities as well as variable expenses such as entertainment and dining out...