Personal Finance

Sunday, January 6, 2008 | | |

Questions of personal finance revolve around

* How much money will be needed by an individual (or family) at various points in the future?
* Where will this money come from (for example, savings or borrowing)?
* How can we protect themselves against unforeseen events in their lives, and risks in financial markets?
* How the family can be best assets transferred between generations (bequests and legacies)?
* How do taxes (tax subsidies or penalties) affect personal financial decisions?

Personal Financial Decisions May to pay for education, financing of durable goods such as real estate and cars, buying insurance, for example, health and property insurance, investment and savings for retirement.

Personal Financial Decisions May also involve the payment of a loan.

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