What is an example of a financial decision?
A firm has to decide the method of funding by assessing its financial situation and the characteristics of the source of finance. For example, interest on borrowed funds have to be paid whether or not a firm has made a profit. Likewise, borrowed funds have to be repaid at a fixed time.
What is the example of personal finance?
Managing your money—including saving, investing, and setting financial goals—are all part of personal finance. So are areas like budgeting, retirement planning, and saving for your children's college educations.
What is a personal finance decision?
According to Investopedia, Personal finance defines all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings and retirement planning. Understanding these terms can help you better control your funds and prepare for future financial success.