What is personal finance?
Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events.
Why is Financial Accounting important?
Financial Accounting provides stakeholders with an avenue to assess whether their finances are being handled appropriately through the production of Financial Statements. Profits or losses are identified through this information.
Why is a business plan important?
A business plan will help you evaluate your progress and provide insight into aspects of your business that needs attention. Additionally, it would provide you with an avenue to proceed with your business activities.