Having a basic knowledge of personal finance will make you feel more confident as you will be the one controlling and in charge of your own finances and not dependent on someone else. Knowledge of personal finance equips and enables a person to not only face financial difficulties with courage but also solve them prudently. We don’t mean that you need to become some finance geek in order to make good personal financial decisions, but at least you should know the basics of personal finance in order to avoid falling prey to greedy bankers who use complex terminologies that represents a very simple idea. But the subject of money management and personal finance can easily be learnt by anyone. This is where finance professionals, who know how the money works, have an unfair advantage. When it comes to planning one’s life, most professionals find themselves uneducated about finance in order to make astute financial decisions for their future. 7 Personal Financial Statement Examples.6 Elements of a Personal Financial Statement Template.4 Uses of a Personal Financial Statement.2 What Exactly is a Personal Financial Statement?. 1 Personal Financial Statement Templates.
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