What is the importance of financial management to you as student?
Financial management helps you in Budgeting your income. Budgeting helps in planning your income where your money should be spent, how much income should be saved, how much should be invested. According to your lifestyle plan, stick to what you have budgeted, avoid overspending and direct your money towards savings.
What do you mean by financial management?
In simple terms, financial management is the business function that deals with investing the available financial resources in a way that greater business success and return-on-investment (ROI) is achieved. Financial management professionals plan, organize and control all transactions in a business.
How can you relate financial management in your life as a student?
The goal of financial management is to maximize shareholder wealth. For public companies this is the stock price, and for private companies this is the market value of the owners' equity.
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