How to Manage Personal Finances

A well-known saying goes: Money makes the world go round! It becomes particularly important when it is lacking everywhere and then we get the feeling that their life depends solely on money and the life they wished for seems unattainable.

Problem

A well-known saying goes: Money makes the world go round! It becomes particularly important when it is lacking everywhere and then we get the feeling that their life depends solely on money and the life they wished for seems unattainable. In our society, this situation is contributed to by the appearance of ever-increasing ranges and differences between the wealthy and the poor, whilst the middle class is becoming smaller and smaller.

In capitalism, the capitalist takes care of himself first. These are all reasons why we strive for financial stability, which is aided by the skills of managing the personal finances of our assets. If we ourselves do not possess the knowledge in the field of asset management or do not dare to capitalise on it, it makes sense to entrust the management to professionals, as their goal is to increase or multiply our assets.

Unprofessional management of one's own assets can bring us to the brink of existence. The diploma thesis is written with the aim of presenting the knowledge and available tools for planned and goal-oriented management of one's own finances, which should bring us more control over our lives, more self-confidence, more fulfilled goals and wishes, and thus happiness in life. Above all, we wish to encourage thinking about more planned and goal-oriented wealth building in the future.

Planning one's own future and making a fantastic fairy tale out of one's life is certainly the goal of every individual. "The man who is most satisfied is the one who spends and saves money, for then the pleasure is double." Samuel Johnson