The Personal finance you are about to read was designed by the western culture to govern, to control and limit the people’s earnings.

Personal finance refers to the financial management of which an individual or a family unit is required to make to obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events which could be governed by fear or propaganda.

This personal finance is more based on the requirements, basic needs, and spendings that people do to be able to survive in the western economical system, which is programed to control the people’s talents, earnings and accounts. 

When planning personal finances the individual would consider the suitability to his or her needs of a range of banking products (checking, savings accounts, credit cards and consumer loans with high interest rate).

In this category, personal finance also involves the investment (stock market, bonds, mutual funds) and insurance (life insurance, health insurance, disability insurance) products or participation and monitoring of individual- or employer-sponsored retirement plans, social security benefits, and income tax management.

This type of personal fianance management is contray from the personal finance which is done to benefit a person’s potential and inner abilities.


Article; part taken from Wikipedia, updated by Conscious lifestyle for conscious teaching and learning.