Long Term Investment -Investing for a Better Future

Long Term Investment -Investing for a Better Future

Personal financial planning is an important factor in everyday life. Financial planning consists of two main aspects which are budgeting and investing. Budgeting is when an individual balances their expenses according to their earnings. Investing is when an individual uses a part of their earnings to increase their future income. As students we have researched on this subject and found that numerous amounts of students and business professionals lack understand in financial planning. The purpose of this project is to find the cause of lack in financial planning and to derive the solutions to overcome the problem. This will help other individuals benefit from our research. How does an individual overcome their personal financial problem? By understand the limits of their budget and applying this knowledge to better their financial goals.