Most of all know the term of finance in an economical aspect. We always correlate financial with money and its field. Basically, we can see it wider as a fund management. Of course, finance is the way how we manage our money in the right manner and how to increase it. Moreover, we can also called finance as saving and lending process. Bank is the medium for us to start financial process.
There are three fields of finance which are business, personal, public finance. Business finance is a fund management in which involved trading process, buying and selling products, and how we get the benefits from this process. Usually, business finance needs specific and complicated financial planning because all will have an impact in demand and cost. On the other hand, personal finance is fund management in small scale usually in a house scale. You need to know that a family also needs to have a good financial management.
The objective of good financial management in a personal finance is to prevent bankruptcy and reduce debt. The last is public or corporate finance. This finance is similar to the business finance and it always related to capital. The main thing of public finance is how to run the corporate activities well.
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