matthew p schulman | Describe Personal Finance
Describe Personal Finance Personal finance is the management of a person's money or cash flow and helping them achieve their financial goals, such as savings and investment targets. matthew p schulman claims that each person's approach to personal finance is different and depends on a variety of elements, including the person's earning potential, requirements, goals, and time restrictions. Personal finance encompasses investments in education, valuables like real estate and cars, life insurance plans and other types of insurance, savings, and expense management. Personal finances include: preparing for unforeseen and unknown personal events Wealth transfer between family generations Managing taxes and adhering to tax laws (tax subsidies or penalties) preparing for retirement Getting ready for long-term costs or significant purchases settling financial obligations or loans Goals for investing and accumulating money How does Corporate Finance Work? Corporate finance focuses ...