Personal Finance

The financial decision made by the individuals and households is known as personal finance. The financial problems of the individuals relate to the maximisation of their prosperity by utilizing the resources available to them. In personal finance we study as to how the individuals divide their income between consumption and investment, how they select the best alternative from among the available investment opportunities. Similarly, we study how the individuals arrange money for the increased consumption or investment.

In Nepal mainly people spent their money on their basic needs because of their income level and lack of employment.Most of the portion of the populations have very low income and that's why they could not able to invest their money in the productive sectors. Personal finance is a one of the major area of business finance which deal with the individual income divide into their consumption and investment.