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PERSONAL FINANCE PLANNING
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Below is one of our free research papers on PERSONAL FINANCE PLANNING. If the term paper below is not exactly what you're looking for, you can search our essay database for other topics.
Topic: Personal Finance Planning
Name: Norizan Md Akim Student ID: 2009258598 Subject: Finance 745 Lecturer: Dr. Rokiah Hassan If you plan to fail, you fail to plan. This is exactly the case of a person who does not have a solid financial planning, and losing here means ending up with mountain of debt, frequent calls from collectors, living from one pay check to another and ultimately, no saving for emergencies. It is extremely difficult to achieve peace of mind when a person is not financially stable and surrounded with debt, and it is not impossible that is could affect our relationship with people. There are many definitions available on the web or books concerning financial planning, but basically it is about planning ahead to achieve our life dream or goal in the future. In order to achieve this goal, a strategic action should be implemented now, taking into consideration on how we budget, save, clear our debts, decide on protection & education plan and investment activity. Life dream or goal differs from one individual to another. It could be a vacation to a particular place, purchasing house or car or simply a peaceful and comfortable living in our retirement years. While money is not everything, it is certainly the engine that brings us to our basic needs. Therefore a smart person will think and estimates the amount of money he require for this purpose and how much he need to progressively save or invest now to end up with the amount that he desires. There ...
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