Finance Planning Assignment Help
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Students who are pursuing specialized degree courses in economics need professional assistance in financial planning assignment help. To assist them StudentsAssignmentHelp.com has introduced help services for the students of USA, UK, Australia, and Singapore. Students can refer to our Ph.D. qualified experts for the best assistance and guidance in finance planning or personal finance management.
Personal finance is one of the three core areas of finance other than the two i.e. corporate and public finance. It refers to the management a person need to do to obtain, save, budget and spend money resources over time, keeping in mind various factors like financial risks and future life events.
Major areas of personal financial planningThere are some major areas of personal financial planning, according to the Financial Planning Standard Board. They are:
1. Cash flow management- Cash flow management is concerned with the financial position of a person. By taking into account cash inflow and cash outflow, it determines whether the income generated by an individual is adequate to meet his monthly expenses is the primary concern of cash flow management. Cash flow analysis takes into account whether a person is spending more than what he is earning.
2. Risk management- Risk management takes into account unforeseen acts in the future. Some of the major areas of risk are disability, death, loss of property, health, etc. A complete and proper financial planning helps you to cover all the potential areas of personal risk.
3. Investment planning- Investment planning refers to the accumulation of adequate wealth to make large purchases. Significant instances of asset accumulation include the purchase of a house, car, luxury items, etc. life events like marriages, starting a family is also a part of personal finance planning which requires personal help.
4. Tax planning- To make optimum utilization of tax policies and the benefits of tax rebates and discounts which government offers require smart planning for tax. Tax management is, therefore, essential for individuals to get the maximum benefits from paying tax. It is regarded as the most significant aspect that requires personal finance management.
5. Estate Planning- Estate planning involves planning for the disposition of a person’s asset when he dies. At the time of a person’s death, there is a tax due to the state or federal government. It requires careful liquidation of the property by the government, which may not include the family of that person.
Importance of financial planning assignment helpStudents lack the professional expertise which is required to accomplish these assignments. Therefore, services by StudentsAssignmentHelp.com provide a clear and concise cash flow analysis, as the integral part of these assignments. Followed by cash flow statements. So don’t wait further refer to our finance assignment help to secure excellent grades.
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