A Run-through Of Important Determinants Of Personal Financial Management
The Observer of Management Education|July 2017

Youth is a time when a lot of people prefer to live well than save.

Rinky Marwaha
A Run-through Of Important Determinants Of Personal Financial Management

They spend what they earn on having a flashy lifestyle and up the ante of their standards – all the while giving a go-by to putting their monies in banks, securities and other assets. The younger generation also may or may not place their bets on drawing up budgets and organizing an on-schedule savings plan. In addition, the actual psychological cost associated with a big debt is something they do not think much of beforehand. This includes a very high level of stress and lesser amounts of productive activity due to this.

Not being able to manage finances is troublesome…

Not being able to manage your finances can lead to even long term troublesome end results. Thus, the ability to manage your finances’ study has been on the forefront for many, many years now. It is the heightening concern of many a researcher in this field. One should plan one’s finances – there is no doubt of this. At any given point in time, savings for a home, a vehicle, education for children and health insurance should be high on the priority agenda for folks.

If a person is very young and has just started earning, they should keep aside a portion of their savings to invest in a house as soon as is possible for them to do. Also, ear mark some amount for your own health and that of those who could be dependent on you – like ageing parents or siblings who are not independent et al.

This is not to say that one should lead a life which is full of boredom and no enjoyment or merriment. If one is putting in several hours of hard work in a day, it is also necessary to take some time off and relax and be merry. Also, socially too, one must mix up and have a good social circle of friends, kith and kin. Also, one must entertain and be entertained oneself. It is just that a bank balance with a good figure of savings will stand you in good stead at any given point in time.

Denne historien er fra July 2017-utgaven av The Observer of Management Education.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra July 2017-utgaven av The Observer of Management Education.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE OBSERVER OF MANAGEMENT EDUCATIONSe alt
Workload Management: Why Is It Essential In The  21st Century
The Observer of Management Education

Workload Management: Why Is It Essential In The 21st Century

The workload management is the procedure of distributing the work among the employees of the organization.

time-read
7 mins  |
March 2020
THE CHANGING ROLE OF THE FACULTY MEMBERS  OF B-SCHOOLS
The Observer of Management Education

THE CHANGING ROLE OF THE FACULTY MEMBERS OF B-SCHOOLS

Teachers of the day of yore. Mentors of yesterday.

time-read
8 mins  |
March 2020
‘‘The goal is to inspire and empower students to be the  best they can be''
The Observer of Management Education

‘‘The goal is to inspire and empower students to be the best they can be''

- Dr. Sivakumar Alagumalai, Professor and Dean (Undergraduate – Global)

time-read
4 mins  |
March 2020
Work on your presentation skills
The Observer of Management Education

Work on your presentation skills

“Everything can sell if you have the ability to sell it” In the field of management you need to have good skills of presentation. PPT presentation is important for Advertisement, Management, and business etc.

time-read
9 mins  |
March 2020
Slow and steady job growth
The Observer of Management Education

Slow and steady job growth

Five reasons why manufacturing careers will flourish with the growth of innovation and globalisation

time-read
8 mins  |
March 2020
Setting an alternative route
The Observer of Management Education

Setting an alternative route

Want to study an MBA but don’t want to spend thousands of dollars in tuition fees? there are several ways you can get a degree or take MBA courses at no cost.

time-read
8 mins  |
March 2020
Right approach!
The Observer of Management Education

Right approach!

A millennial employee is one who has a diverse set of opinions, is fascinated by new technologies and is collaborative by nature. the most distinctive feature of these new-age employees is their approach towards work, which is quite different from the generations before them.

time-read
9 mins  |
March 2020
For Heighten Performance
The Observer of Management Education

For Heighten Performance

“A man who refuses to admit his mistakes can never be successful”

time-read
4 mins  |
March 2020
Leadership vs Management
The Observer of Management Education

Leadership vs Management

Leadership and Managers are two widely discussed topics.

time-read
5 mins  |
March 2020
ELEVATING THE HUMAN EXPERIENCE IN WORK AND BUSINESS IS THE MOOD  OF THE MOMENT
The Observer of Management Education

ELEVATING THE HUMAN EXPERIENCE IN WORK AND BUSINESS IS THE MOOD OF THE MOMENT

The human experience: and that too while conducting business activities.

time-read
8 mins  |
March 2020