What is Saving?

Saving is the earning that doesn’t get spent, or postponed consumption. Ways to saving include putting earning aside like in: An investment fund A pension account A deposit account As cash Saving further includes reducing expenses, like returning costs. Talking about personal finance, saving commonly states low risk preservation of earning, it includes any wages not utilized for sudden expenditure. Difference between Saving and Savings Saving is a lot different from savings. The saving means the act of rising assets of an individual whereas savings tells to one division of assets of an individual, typically savings in saving accounts or to all of assets of an individual. Savings defines to an action taking over time, a flow variable, while savings means something that exists at any single time a stock variable. This division is commonly misunderstood and even expert economists and investment professionals might often say savings instead of saving. In various contexts there could be variations in subtle which are considered as saving....
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What is Personal Finance?

Personal Finance is a sub category of the finance and it revolves around some particular questions: Security against unforeseen personal incidents, and also events occurring in broader economies. Transfer of family wealth to generations (inheritance and bequests) Tax policies effects (penalties or tax subsidies) on handling of personal finances. Credit effects on individual financial standing. Making of financing or savings plan for big purchases (education, home, auto). Building a secure financial future in an economically unstable environment. What Financial Planning Standards Board says about Personal Finance? Personal finance might include fees for education, investing in durable goods like cars and real estate, purchasing insurance like property and health insurance, saving and investing for retirement. Personal finance might further involve debt obligations or paying for loan. The five main areas of personal financial planning as given by the Financial Planning Standards Board include: Financial position: It is related with knowing the personal resources available by calculating the net worth and cash flow of the household. Net worth is balance sheet of a...
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Does UK Banks Lose Trade Rights in the EU States?

Does UK Banks Lose Trade Rights in the EU States? UK is now faced with some of the central banks actually moving their banks from London to other areas. The automatic right that the United Kingdom has to trade with the European Union would cease when they leave the single market. The German banking declared that with a “hard Brexit” that valuable “passport rights” would no longer give unfettered access to the bloc. Brexit effects other European Nations London has a vital position as a financial hub across Europe which makes it a harsh reality if their Passport rights were stopped. There would be many countries without the ability to serve their clients. Licenses would have to be enacted in many of the countries for England to be able to do banking business it is feared. However, the foreign secretary Boris Johnson has claimed that such rights would be preserved even if Britain left the single market after Brexit. New Location Headquarters It is claimed...
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