An Introduction about personal financial management for family and individual. This includes planning process, focus areas and the consumer activities in planning.

1. Personal Financial Management
Robert Smith

2. Contents
• What is Personal Finance
• Personal Financial Planning Process
• Focus Areas
• Activities of Consumer
• Conclusion

3. What is Personal Finance
• Personal finance is the financial management
of an individual or family.
• This includes budgeting, investments, and
retirement planning.

4. Personal Financial Planning Process
This shows the financial planning process
Assessment Goal Setting
ExecutionMonitoring
Creating a
Plan

5. Focus Areas
Some Personal Financial focus areas:
• Financial Position: Understanding the
availability of personal resources by examining
the net worth.
• Adequate Protection: The ways to protect the
household from unseen risks. The risks are
divided into liability, property, health and many
more.

6. Contd..
• Tax Planning: Income tax is one of the largest
expense in the household. The question arises
when and the amount of taxes you pay . The
government provides many incentives and
credit, which will reduce the tax burden.
• Investment: Planning to collect sufficient
money for large purchases. It also includes
planning for major life events.

7. Contd..
• Retirement Planning: It is the process of
understanding that how much it costs to live
after retirement. Then plan according to it.

8. Activities of Consumer in Financial
Management
• Earning
• Spending
• Borrowing
• Savings

9. Conclusion
• Personal finance is the process through
which an individual or family manages
money and future.
• If there is less finance or bad credit then
there is way to manage them.

10. References
• http://en.wikipedia.org/wiki/Personal_finance
• http://www.investopedia.com/terms/p/person
alfinance.asp
• http://www.investopedia.com/terms/p/person
alfinance.asp
• http://www.yourdictionary.com/personal-
finance
• https://48factoring.com/blog/
• http://www.slideshare.net/deborahburns/pers
onal-finance-101-ppt

11. Thank You !!!