Basics of Personal Finance - Personal Finance Lecture 1 (BBA, BCOM H)

Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement planning, and tax and estate planning.


Basics of personal finance

1) Saving Account is bad for long term

2) Income sources
Active income source
-passive income source

3) Financial freedom

4) investment

5) Assets and liabilities