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PERSONAL FINANCIAL MANAGEMENT - Coggle Diagram
PERSONAL FINANCIAL MANAGEMENT
Income
Salaries
Bonus
Hourly wages
Spendings
Rent
Taxes
Food
Entertaiment
Travels
Loans
Credit card payments
Savings
Physical cash
Savings bank account
Checking bank account
Investing
Stocks
Mutual funds
Protection
Life insurance
Health insurance
Definition
is the process of planning and managing personal financial activities such as income generation, spending, saving, investing, and protection. The process of managing one’s personal finances can be summarized in a budget or financial plan.