Deep Learning Of Finance
1. Personal Finance Budgeting Purpose : To manage income and expenses efficiently, ensuring that individuals or households can meet their financial obligations and goals. Components : Involves tracking income, categorising expenses (fixed vs. variable), and setting spending limits. Tools include spreadsheets, budgeting apps, or financial software. Process : Set financial goals (short-term, medium-term, long-term), create a budget plan that aligns with these goals, and regularly review and adjust the budget based on changes in income or expenses. Saving and Investing Saving : Involves setting aside money in savings accounts, certificates of deposit (CDs), or other low-risk vehicles to build an emergency fund or meet short-term goals. Investing : Engages in purchasing assets like stocks, bonds, mutual funds, or real estate with the expectation of generating a return over time. Strategies can vary from conservative (e.g., government bonds) to aggressive (e.g., individual stocks). Ri...