Personal FINANCE

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Personal finance is a much broader concept than what we have. It must be prioritised based on individual needs and requirements.

Personal FINANCE

Following are some keys that need to be focused on:

Aspects to be focused on

Goal Planning

By setting goals, an individual can focus their efforts and make a plan to achieve something valuable in life.

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Budget Planning

A budget gives you a clear picture of your financial situation and allows you to make conscious spending decisions.

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Investing

It’s important to diversify your investments and consider your risk tolerance a financial goal.

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Debt Management

The idea behind debt management is to pay off the smallest debts first.

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