Understanding money management and how needed funds are acquired?

Finance
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Understanding money management and how needed funds are acquired

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is a broad term that describes activities associated with banking, [leverage], money, and investments. Basically, finance represents [money management.and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that make up financial systems.

Many of the basic concepts in finance originate from [microeconomic] theories. One of the most fundamental theories is the [time value of money] which essentially states that a dollar today is worth more than a dollar in the future.
KEY TAKEAWAYS

  • Finance encompasses banking, leverage or debt, credit, capital markets, money, investments, and the creation and oversight of financial systems.
  • Basic financial concepts are based on microeconomic and macroeconomic theories.
  • The finance field includes three main subcategories: personal finance, corporate finance, and public (government) finance.
  • Financial services are the processes by which consumers and businesses acquire financial goods. The financial services sector is a primary driver of a nation’s economy.

Personal finance includes the purchasing of financial products such as credit cards, insurance, mortgages, and various types of investments. Banking is also considered a component of personal finance because individuals use checking and savings accounts as well as online or mobile payment services such as PayPal and Venmo.
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