PLANNING PERSONAL FINANCE

Running Head : PERSONAL FINANCES

PLANNING PERSONAL FINANCES

Name

University

Course

Tutor

Date

Abstract

Today 's world is faced with daunting challenge of global economic crisis that pose a threat to individuals in regard to their financial plans Evidently , there is need for the individuals to plan for their finances beforehand to achieve their personal financial goals . This is because people always incur expenses that they do not foresee though they could be remotely or explicitly aware that something unforeseen may occur which will call for more

funds

Therefore , to plan well for one 's financial prowess , individuals need to understand various ways to do so including investing , insurance taxation and many other ways of saving and generating more money for future use

In this regard , this seek to explain how one can plan his personal finances like Taxation , Investment and Life cover in relation to factors influencing financial planning such as endowment insurance policy , units in a unit trust , investment trust company shares , term life assurance policy , pension plans , Government and corporate bonds , occupational pension schemes and investment bonds Planning Personal Finance

Personal Finance refers to the amounts of money that one can have at his /her disposal for investment or spending . Every single penny that one has is needed to be planned for and properly utilized and spent . For one to succeed , he /she must determine his /her goals in life in relation to the funds that could be to his /her disposal and investment . In this regard...