Quick Definition

Finance refers to the management, creation, and study of money, banking, credit, investments, assets, and liabilities. It involves practices like saving, borrowing, investing, budgeting, and forecasting.

Examples

• 1Creating a monthly budget to manage household expenses and save for future goals.
• 2Investing in stocks, bonds, or mutual funds to build wealth over time.
• 3Taking out a mortgage to buy a home, which involves borrowing money from a financial institution and repaying it with interest.
• 4Companies raising capital through issuing bonds or stocks to fund expansion projects.

Tags