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Founded in 2019, The SomVisao is personal finance websites. Its purpose is to help people take control of their personal finances and make smart money decisions by sharing actionable articles and resources on how to earn, save and manage money.
Finance is a term for matters regarding the management, creation, and study of money and investments.Specifically, it deals with the questions of how and why an individual, company or government acquires the money needed – called capital in the company context – and how they spend or invest that money. Finance is then often split per the following major categories: corporate finance, personal finance and public finance.
Personal finance is defined as “the mindful planning of monetary spending and saving, while also considering the possibility of future risk”. Personal finance may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement.Personal finance may also involve paying for a loan, or debt obligations. The main areas of personal finance are considered to be income, spending, saving, investing, and protection. The following steps, as outlined by the Financial Planning Standards Board, suggest that an individual will understand a potentially secure personal finance plan after