PERSONAL FINANCE - FAQ (Frequently Asked Questions)

PERSONAL FINANCE - FAQ 

In this article, I covered some of the frequent questions of personal finance with their answers. Kindly go through these and if you have doubts other than these kindly comment below, so that I can solve your doubt as quick as possible

How do I get started in personal finance?

As there is less awareness regarding personal finance in India, you can start watching some famous finance YouTubers like Ankur warikoo or if you want to read about personal finance you can check my website Financesophy.com as this is a personal finance learning website. Personal finance starts with making your budget and thinking about future goals. 

How to take care of your personal finances?

   

   You can take care of your personal finance by keeping track of the money Livermore you are spending and where you should invest. You should start making ng budget, Start investing in your 20s. There is a 50:30:20 rule which is good for the r start. for understanding this in a better way you can check my blog --

What-is-personal-finance

How can I get better at personal financFirstlylly it is about how much you have knowledge about the topic, so start reading articles, and books or start watching some finance videos. Then start using it in your daily life so that you gain experience in it. If you want to read articles you can check my website, you will find many articles and free finance tools which will help you in managing your personal finances. 

How do you create a balance sheet for personal finance?

 

    You can do it via a budget-making ng-app or simply by making a budget excel sheet for yourself. For t,  you need to track your all money records like expenditures, spending on your new, eds, and investments are done in past. Then you simply write all this on an excel sheet. I have to explain budgeting using excel in det l  and provide you a free excel sheet to download in which you simply need to give your data as input. --What is budgeting, Rule, free budgeting plan template

How to start learning about personal finance?

there is less awareness regarding personal finance in India, but you can start watching some famous finance YouTubers like Ankur warikoo if you want to read about personal finance you can check my website Financesophy.com as this is a personal finance learning website. Personal finance starts with making your budget and t, thinking about future goals. 

How do I complain about a private finance company?

If you are facia ng prob with an st a bank or finance company then firstly email your problem to the head of customer care email id, then try to resolve the problem by talking to customer care or the head of the company. Iyourou problem is not solved, the n case the f bank you can reach h to RBI. If nothing changes then you can file a case against them in Consumer court or normal court. If you don't find and helpful then kindly leave us a comment explaining your problem in detail so that we can help u to resolve your problem.

What is Asset Planning in personal finance?

 

    Asset management is the Practioner managing your assets in such a way that your wealth increases with with by the help of saving, investing, trading, etc. Some peopperformrms this as a service for others. They may also be calla as portfolmanagersger or financimanagersger.

What are the benefits of personal financial planninThereeir are many benefits like it helps individuals to take better financial decisions on their own. It helps to track your money. It helps to grow your wealth. It helps you to achieve financial freedom at an early age. It helps to control your money like where you spend your money and where you should not sp intend. It alhelpselp you to prepare for emergencies It provides you better living by investing at right time. 

How is public finance separated from private finance? 

Difference between public and private finance, in Public finance the source of income is indirect, e.g., various taxes (specific taxes, value added taxes) with a fixed period of 1 year, but in private finance sources of income is direct and have no fixed period for finance.

 How to use Excel to keep track of personal finances? 

For t, his you need to track your all money records like expenditures, spending on your new, eds and investments you did in past. Then you simply write all this in n excel sheet. I h to explained budgeting using excel in det l  and provided ya ou free excel sheet to download in which you simply need to give your data as input. --What is budgeting, Rule, free budgeting plan template

 Should personal finance be taught in schools?

  , Yes it should be taught in school as it is very important to know how to manage your money and how to make money from money. It helps people to t e  better financial decisions.

How do you budget for personal finances?    

You can do it via a budget-making ng-app or simply by making a budget excel sheet for yourself. For t,  you need to track your all money records like expenditures, spending on your new, eds, and investments are done in past. Then you simply write all this on an excel sheet. I h to explained budgeting using excel in detail and provided ya ou free excel sheet to download in which you simply need to give your data as input. --What is budgeting, Rule, free budgeting plan template