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Personal Finance
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. When planning personal finances, the individual would consider the suitability to his or her needs of a range of banking products (checking, savings accounts, credit cards and consumer loans) or investment private equity, (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of individual-
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Like a faucet that consistently drips the impact of debt can be small in the short term but significant over 5, 10, and 20yrs.
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Each of us have to decide are we the type of people who face our debts and address them or are we the type people who ignore our debts until their impact is massive.
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