Personal Finance and Investing: The only way to build a secure future is by eradicating insecurity from the society.
Balancing one’s personal assets and liabilities as well as making the right investment choices form the basis for a prosperous future. So for the young people who are just setting up their finance or those who are also looking forward for ways on how they can enhance their financial planning, learning the fundamentals of personal finance and investment can be of great help in the pursuit of their financial success. The Basics of Economics Budgeting Track Your Income and Expenses: Prepare a proper list of all the expenses which needs to be incurred in the process. That is why you need to use some tools such as excel spreadsheets or budgeting applications to track. Set Financial Goals: Set short-term and long-term objectives with respect to money including the objectives of income and expenditure, say, for a holiday, purchase of home, or for retirement. Emergency Fund: The first should be an Emergency Savings Fund, which should amount to 3-6 months’ worth of living expenses in a hig...