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How to analyze budgets and make appropriate decision?
Cash Flow: Financial planning helps in increasing cash flow as well as monitoring the spending pattern. The cash flow is increased by undertaking measures such as tax planning, prudent spending and careful budgeting.Capital: A strong capital base can be built with the help of efficient financial planning. Thus, one can think about investments and thereby improve his financial position.Income: It is possible to manage income effectively through planning. Managing income helps in segregating it into tax payments, other monthly expenditures and savings.Family Security: Financial planning is necessary from the point of view of family security. The various policies available in the market serve the purpose of financially securing the family.Investment: A proper financial plan that considers the income and expenditure of a person, helps in choosing the right investment policy. It enables the person to reach the set goals.Standard of Living: The savings created by through planning, come to the rescue in difficult times. Death of the bread winner in a family, affects the standard of living to a great extent. A proper financial plan acts as a guard in such situations and enables the family to survive hard times.Financial Understanding: The financial planning process helps gain an understanding about the current financial position. Adjustments in an investment plan or evaluating a retirement scheme becomes easy for an individual with financial understanding.Assets: A nice 'cushion' in the form of assets is what many of us desire for. But many assets come with liabilities attached. Thus, it becomes important to determine the true value of an asset. The knowledge of settling or canceling the liabilities, comes with the understanding of our finances. The overall process helps us build assets that don't become a burden in the future.Savings: It is good to have investments with high liquidity. These investments, owing to their liquidity, can be utilized in times of emergency and for educational purposes.
How does the stock market influence the finances of individuals even if they don't personally invest?
It affects their future decisions and investments for financial plans.
Explain the external environmental factors that affect the financial services industry?
The external environmental factors that affect the financial services industry include organizational direction, internal factors, and external competition. The socio-economics of a society also affects the financial services industry.
What is the importance of currency appreciation?
It affects prices and reserves as well as taxes and its handling and protection from trouble is the job of the CFO (Chief Financial Officer)
What are the advantages and disadvantages of being a financial manager?
The advantages of being a financial manager is that this is a profitable and rewarding career. You can help people improve their lives and finances. The negative parts of being a financial manager is that you can be blamed for things that are outside of your control and lose people's money which negatively affects their lives.
Name some of the affects poor planning and organisation of tasks can have on enterprise success?
Planning and organization are two important factors that contribute to the success of an enterprise. Hence poor planning will result in loss of financial reward, loss of clients and opportunities that might have come their way.
What are the factors that affects child development?
Personal factors that affect child development include financial situation, housing and parenting style. Other personal factors worthy of mentioning are the relationship with siblings and extended family and health practices.
How finance resources affects succession planning in an organisation?
yes
What are new financial trend for 2007?
A financial pattern, habit, or change that affects our society in general.
How does financial problem affect to the academic performance of the students?
how does financial problems affects students academis peformances
What is it called when a scientist personal opinion affects the way experimental results are reported?
If the personal opinion of a scientist affects the way that the experimental results are reported, that is called bias.
What parts of the heart does cocaine affects?
(personal favorite) It affects the whole heart because of the erratic arithmic of the whole heart do to the awesome affects of cocaine
What is economic trend?
A financial pattern, habit, or change that affects our society in general.
What is the business transactions?
A business transaction is a financial event that changes the value in certain accounts and therefore affects the financial position of the business.
What is personal finance?
Personal finance is 2 things...finance and personal. The finance thing is money. Money is logical and financial success requires that you pursue specific behaviors to properly manage your money to that end. One of those specific behaviors is using the dynamics of compound interest and compounding financial gains. There are 3 finance tools...the personal budget, the personal balance sheet and the personal life plan. For success you need to spend less than you make (budget), own more than you owe (balance sheet) and know where you are going or you might not get there (life plan). The personal thing is your human psychology and how it affects your capacity to manage money and engage in the specific behaviors that result in financial success. The psychological is affected by IQ, age, addictions, mental illness and a built in capacity to make excuses for financial shortcomings. Put this together and you have personal finance. Personal Finance are those loan/finance that you need for some business or personal use. There are many types of loans available in the financial market. You may use personal loans for getting home, starting a business and buying a car.
How does technology affect market structure and real-world competition?
Technology has had positive and negative affects on market structure and real world competition. Some negative affects are the risk of security breach and customer personal information and financial information being stolen. Some positives include easier advertising, less costs, and more customers.
What is a personal problem?
A personal problem is an issue or challenge that affects an individual's well-being, emotions, relationships, or daily life. It is specific to the person experiencing it and can vary widely in nature and complexity. Examples include mental health struggles, relationship conflicts, financial difficulties, and self-esteem issues.
