6 Principles Of Personal Finance - Personal Financial Planning Process [2021]

6 Principles Of Personal Finance - Personal Financial Planning Process [2021]

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Personal finance, as a term, covers the concepts of managing your money, saving, and investing. It also includes banking, budgeting, mortgages, investments, insurance, retirement planning, and tax planning.

It also includes banking, budgeting, mortgages, investments, insurance, retirement planning, and tax planning.

Personal finance can be a complex subject, and it's easy to get overwhelmed with all the information that's out there. You could spend hours reading about how to handle money, with little to show for it after.

But money matters don't have to be so complicated. There are a few key principles that can make or break you, and if you want to build a strong financial future, then you need to know them by heart.

In today's video, we are going to talk about the principles of personal finance-

0:00 - Intro
1:02 - The principle of tracking and budgeting
2:03 - The principle of frugal living
2:55 - The principle of simplifying
3:52 - The principle of preparing
5:09 - The principle of sufficiency and gratitude
5:59 - The principle of saving

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