- Finance is a study of money and how it is used.
- Finance is also means managing small/ large amounts of money by an individual/ government or companies.
At Finance Goal, we will talk more on personal finance than Corporate or Government finances.
Financial Planning is a very important aspect of today as it helps us in deciding when to spend, what to spend, where to spend, how to spend from time to time.
Why is Finance Management Important in Today’s Life ?
- Day to Day Cash Flow
Depending on your lifestyle, there should be an “x” amount of money kept aside for your day to day needs. There also needs to be a buffer amount of at least 6 months to deal with some unforeseen circumstances (Natural Calamity, Loss of Job etc) which can occur anytime.
- Finance in Business Planning
Since Small businesses and Entrepreneurs are making a mark in today’s world, we need people who can manage the cash flow with no complications at all times. Businesses generate a lot money which is further used by the Financial managers for implementing tasks such as buying of raw material, paying bills, salaries etc.
- Long Term Goals
We live in an Era where dreaming is just not enough and needs to be followed by proper Planning of tasks using our Skill-Set to achieve our Goals within a given period. You can now choose the way you invest from the various Financial Instruments available as per your needs in the market. Doing these you will be able to resolve any sort of Financial crisis without much of an hassle.
