scholarly journals Personal Finance Management among Gender

2014 ◽  
Author(s):  
Sanie Doda
Keyword(s):  
Personal Finance ◽  
Finance Management

Evaluating the Evolution of the Personal Financial Planning Industry: Mutualism, Commensalism, or Parasitism?

2021 ◽  
Vol 12 (1) ◽  
pp. 42-42
Author(s):  
Bryan Teoh Phern Chern
Keyword(s):  
Social Media ◽  
Financial Literacy ◽  
Financial Planning ◽  
Business Models ◽  
Service Providers ◽  
Personal Finance ◽  
Easy Access ◽  
Finance Management ◽  
Financial Planners ◽  
Personal Financial Planning

The financial planning and advice industry has been experiencing healthy growth for the past five years and is expected to accelerate this growth following the Covid-19 pandemic (IBISWorld, 2021). The pandemic has led to higher equity yields and appreciating asset value, directly increasing the total value of assets under management (AUM) held by financial planners and advisors. The industry in the US alone has surpassed $52.9 billion in 2021. As the economy is expected to improve, this figure is expected to follow suit. Not included in these figures are the explosion of online personal finance bloggers and influencers. Some YouTube and TikTok videos have raked in billions of views regarding personal finance (Smith, 2021). Many of these online contents have benefitted viewers and prompted them to start making good decisions regarding their personal wealth, spreading financial literacy to the masses. However, poor financial advice may be spread out as easily to viewers. The Wall Street Journal has reported on this issue back in 2005 where blogs and magazines have been found to give both good and bad advice on budgeting, saving, and overall personal finance management (Cullen, 2005). Whatever the net effect of this phenomenon, the easy access through social media has amplified it. This article briefly journeys through the evolution of personal finance management and personal financial planning, including the new trends this industry is moving towards. Subsequently, this article will look into the risk and rewards of the current personal financial planning and advice industry, including certified financial planners and uncertified personnel (social media influencers, financial gurus), as to whether consumers are benefitting as a whole, or otherwise. A disclaimer to this research is that the findings and opinions towards the industry do not encompass all the service providers in the business as there are many other influencing factors such as business models, individual agenda, and unique circumstances of each provider and consumer. Keywords: Conflict of interest; financial planning; financial experts; Influencers; Personal finance

scholarly journals Personal Finance Management for New Oncologists: Part 2

2009 ◽  
Vol 5 (2) ◽  
pp. 92-95
Keyword(s):  
Financial Planning ◽  
Personal Finance ◽  
Basic Principles ◽  
Finance Management ◽  
Economic Climate

Part two in this two-part series on financial planning for new oncologists looks at the basic principles of sound investing in any economic climate.

PENERAPAN AKUNTANSI DAN MANAJEMEN KEUANGAN PADA PENGATURAN KEUANGAN PRIBADI

2015 ◽  
Vol 1 (2) ◽  
pp. 239
Author(s):  
Kusumadyahdewi Kusumadyahdewi
Keyword(s):  
Personal Finance ◽  
Finance Management ◽  
Basic Need

<p>Manage of personal finance is very important, because many products and services offered in the market. We must more carefully to spend our money not fulfill what we want but what we need, Management for personal finance can adapted from accounting and Finance Management for corporation with adjustment. We must record income and outcome of our money as responsibility to our self and controlling our spiritual quotient, and then we can measure our achievement. Residual of our income can saved for the sudden need, or invest in many thing as our basic need, for example land and building or in portfolio, for future. This article discuss about how we apply accounting and finance management to personal finance management and also the application for personal finance in our gadget.</p><p>Keywords: Accounting, Finance Management, Personal Finance Management</p>

Individual Difference Effects in Human-Computer Interaction

1983 ◽  
Vol 27 (6) ◽  
pp. 531-531
Author(s):  
Anita Kak Ambardar
Keyword(s):  
Cognitive Styles ◽  
Personal Finance ◽  
Database Search ◽  
Second Phase ◽  
Field Independence ◽  
Search Methods ◽  
Us Army ◽  
Cognitive Characteristics ◽  
Finance Management ◽  
Field Independent

One of the most common assumptions in design of Human-Computer interfaces is that there is an advantage to matching the psychological (cognitive) characteristics of the user to the interface features of the computer. However, except in the area of training and experience there have been few clear demonstrations that underlying cognitive characteristics of the user significantly interact with interface features. This paper will describe an experiment in which the effects of individual differences in user's information (cognitive) style (specifically field independence/dependence and breadth of categorization) upon interaction with a complex computer program were examined. The program was a realistically difficult personal finance management system which required database searching and problem solving activities. The program was rich enough to allow alternative interaction methods. The experiment comprised three parts. In the first phase, subjects learned how to use the computer system. In the second phase the subjects entered information into a personal finance database and in the third phase the subjects used their personal database to locate and correct discrepancies between a simulated bank statement and financial records. Prior to these experimental tasks subjects information-cognitive styles were evaluated using standardized tests of field independence/field dependence and breadth of categorization. The results indicate that users with different underlying information styles, at similar levels of learning, have different preferred methods of interacting with the computer, and, that different database search methods are preferred by users of different cognitive styles. For example, field independent subjects preferred key-word multidimensional, non sequential database search methods while field dependent subjects used a method in which the database was searched in a linear, sequential mode. This research is sponsored by US Army Research Institute for the Behavioral and Social Sciences

scholarly journals Alms-Giving and Financial Management

2020 ◽  
Author(s):  
Grisvia Agustin ◽  
Agus Sumanto ◽  
Muhammad Hasyim Ibnu Abbas ◽  
Lustina Fajar Prastiwi ◽  
Santi Merlinda
Keyword(s):  
Financial Management ◽  
Profit Maximization ◽  
Personal Finance ◽  
Primary Data ◽  
Personal Factors ◽  
Causality Test ◽  
Wealth Maximization ◽  
Finance Management ◽  
Economic Decision Making ◽  
The Individual

Objectives of financial management may be broadly divided into two parts such as profit maximization and wealth maximization. But alms-giving doesn’t have any connection with profit maximization or wealth maximization. Giving of alms is individual spending with non-profit oriented. Alms-giving objective for religious reason only to obey God’s order. In macro economics and micro-economics theory there are alms component as spending. Because alms-giving is better to be spent secretly. The research aims to analyze causality relationship between giving of alms with individual financial management using Econometric analysis Toda-Yamamoto causality test with E-views software. Purposive sampling method is employed to get primary data from respondents. Personal finance management is an activity that involves all the individual financial decisions, which includes budgeting, saving, insurance, mortgages. When a person plans his personal finance, he needs to take a range of financial products and other personal factors into consideration. Personal finance management has a huge influence on one’s life and future. Respondents comes from various region with various occupation and income with various religion background. Research analysis finds overwhelming support for the idea which optimism impacts economic decision-making by proving that alms affect financial management. Keywords: Alms-giving, financial management, Toda-Yamamoto causality test

scholarly journals CHALLENGES OF PERSONAL FINANCE MANAGEMENT UNDER INSTABLE ECONOMIC

2010 ◽  
Vol 2 (2) ◽  
pp. 104-111 ◽  
Author(s):  
Kamilė Taujanskaitė ◽  
Daiva Jurevičienė
Keyword(s):  
Financial Markets ◽  
Retrospective Analysis ◽  
Personal Finance ◽  
Financial Behavior ◽  
Economic Downturn ◽  
Economic Cycle ◽  
Finance Management ◽  
Comparison Of Results ◽  
Research Findings ◽  
Investment Option

This article deals with personal finance and personal finance management problems as well as with the necessity of systematic attitude during the economic downturn. Taking into account the downfall of the financial markets, the motivation of individuals’ financial behavior is investigated. The retrospective analysis of the most popular investing instruments and comparison of results is presented in the paper, followed by the suggestion of an alternative investment option, covering the profitability and safety ratio that is independent to the economic cycle. Research findings regarding theoretical and practical personal finance management are followed by conclusions.

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