What Is Personal Finance?
Finance is a field that deals with money, currency, and other capital assets. It’s closely related to economics, which deals with the production, distribution, and consumption of goods and services. The study of finance involves analyzing the financial markets, which are used to exchange and finance assets. But there’s a lot more to finance than just money. Finance plays an important role in everyday life by helping individuals save money, businesses raise funds, and the government use money wisely. Without a dedicated finance system, the foundation of any organization could come crashing down. As such, it is essential for every business or organization to have a finance department to keep track of and manage their financial resources. Corporate finance deals with the financing of a company’s expenses, building a capital structure, and managing the flow of funds within the company. It focuses on maintaining a balance between risk and opportunity,…