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1. The basics of
The basics of
personal finance
personal finance
Lets Go

2. Personal finance refers to the management of
an individual's finances, which includes income,
expenses, savings, investments, and debts.
The basics of personal finance involve
understanding your financial situation, setting
financial goals, creating a budget, saving and
investing wisely, managing debt, and protecting
yourself and your assets through insurance.
Introduction
Introduction

4. DEBT
MANAGEMENT
Managing debt is crucial to
achieving financial stability.
Make a plan to pay off
highinterest debts first and
consider consolidating debt
with a low-interest loan. Avoid
taking on new debt unless it is
necessary
Saving Investing
Saving and investing are important
for achieving long-term financial
goals. Create an emergency fund
with 3-6 months of living expenses
and then start investing in
retirement accounts and other
investment vehicles. Consider
working with a financial advisor.
RETIREMENT
PLANNING
Managing debt is crucial to achieving financial stability. Make a plan to
pay off highinterest debts first and consider consolidating debt with a
low-interest loan. Avoid taking on new debt unless it is necessary
Budgeting
Budgeting is the foundation of
personal finance. It involves
tracking your income and
expenses and creating a plan to
ensure you live within your
means. Use tools like
spreadsheets or apps to make
budgeting easier.

5. Debt management involves
developing a strategy to
manage current obligations,
lower interest rates, and pay off
all outstanding debt.
Prioritise debts according
to interest rates and
remaining sums, paying off
high-interest obligations
first.
A credit counselling firm can
provide financial education and
counselling, negotiate with
creditors, and help establish a
personalised debt management
strategy.
PRIORITIZING
DEBTS
PROFESSAIONAL
HELP
PRIORITIZING
DEBTS
DEBT
MANAGEMENT

6. Debt consolidation can help
reduce interest and simplify
payback procedures, leading
to financial savings.
Manage your debt with self-
control, endurance, and
dedication, and ask for help from
financial experts or resources.
Avoid taking on new debt
while managing existing debt
by living within your means
and not getting new credit
cards or loans.
AVOIDING ADDITIONAL
DEBT
DEBT CONSOLIDATION

11. A budget is a statement
showing future income,
expenses and savings.
Cash Inflows – Where does our cash come from ?
Cash Outflows – Where does our cash go ?
Net cash flow = Cash inflow - Cash outflow
To increase your net cash flows
you will either have to earn more
or spend less, i.e., maximize cash
inflows and minimize cash
outflows.

12. Track your expenses: Be very careful about
where you spend.
Identify your needs and wants: Many students
confuse what is needed for them and what they
desire to buy.
Avoid debt: No matter what, try to avoid loans
from others. Keep a handful of savings at the
time when you are cashless
Attend student-friendly events: Budgeting
doesn’t mean getting a boring life. Rather it is
smart to look on for free events with free food
and drinks for students.
BudgetingStrategiesforStudents

13. Yearly Expense = 10 Lac
X 25
=25000000
(Amount of Financial freedom)
4% Rule
4% Rule
50% FD 50% Stocks
Withdraw 4% Yearly
Financial freedom for 30 Years

14. Step 1
Start
investing
early
Step 2
Track your
spending
Step 3
Save for
Retirement
Step 4
Improve
Your Money
Mindset
Summery Of Finance
Summery Of Finance

15. THANK
YOU!
Have a
great day
ahead.