Personal Finance Management


What you people often think about your personal finance, they can never teach you in your educational life... This article will help you in your personal finance management.

• There are 3 main functions of Personal Finance Management.

1) Budgeting

2) Personal Investment

3) Side Earnings 


1) Budgeting : Budgeting is such a thing, which makes your financial condition strong. If you do a job, then budgeting will help you in every way, in your financial work and in troubles.

        Budgeting is done in many ways. Personal Budgeting is also called Home Budgeting in a way.

How do you do it?

First of all, you need to be aware of your debts, expenses, and financial needs.

Only after all this can you prepare a perfect Home / Personal Budget. In which you have to keep money in addition to all your expenses. After this begins, Start the investment of those savings.


2)Personal Investment :

 If you will only keep your money in savings, then you can never improve your financial condition. And 60% of people do just that. If you are afraid to invest this money, then the right advice can help you.

   If you invest in FD / Insurance, then it cannot improve your financial condition. It is just a misunderstanding that FD/Insurance policies increase your money. If you want to invest somewhere, then share market is always a better option.This will be your personal investment.


Tip: If you ever invest in insurance, always invest in term insurance.(According to S.M.Yt‌)


3)Side Earnings : 

The true meaning of Side Earning is External Earning.External earning is not just doing any side business.Share Marketing, Asset Investments, Sticks Investments, Interest commissions all these are also ways of side earning / External Earning,etc.

       Sometimes what you consider to be an expense can also become an short asset of yours.


*In addition to these three factors, you can manage your personal finances….