Finance refers to the study of investments as well as assets and liabilities at a certain period of time under uncertainty. There are three major divisions of finance:
Personal Finance
This is that money that an individual or family earns, saves, invests or spends. It includes aspects such as accessing the expected cash flow, buying of insurance policies like home and health insurance as well as other financial products like mortgages, Calculating taxes and filing them, saving, investments as well as planning for retirement. To be able to manage personal finances in a convenient way, one has to be aware of the principles of personal finance which are prioritizing, assessing and restraining.
Personal financing education offered both online and in books teaches an individual the challenges that people face with management of finances and ways that one can be able to cope with the challenges.
One can fund some of their personal finance projects using loans from banks or other financial institutions. Getting a bank loan will always require one to have a high credit score. Some lending companies such as Bonsai Finance offers different types of loans including instalments loans with no credit check. The requirements needed by Bonsai Finance or bonsaifinance.com.br for one to qualify for a loans is for one to be between 18 and 65 years, proof of regular income source, permanent residency, active cell phone and debit or credit card for loan security.
Corporate finance
It refers to all the financial activities relates to running a corporation such as source of funding with the main aim of increasing the value of the shareholder. Corporate finance involves shortrun and longrun financial planning strategies. Short term financial strategies of a corporation include financial management of all the current assets and liabilities, inventory control and investments while long term financial strategies are concerned with new capital purchases and investments.
Public finance
Public finance refers to any financial decision by state, counties, municipalities or agencies that is meant to improve the welfare of the public. Public finance strategies are long term usually taking a minimum of 5 years. Public finance main concerns are government expenditure for provision of services and goods such as infrastructure and public health care facilities, source of government revenue, budgeting process and their issuing of debts. The source of public finance in most of the countries comes from the central bank of that particular country.
For additional info, visit - https://en.wikipedia.org/wiki/Small_business_financing