Steemit Engagement Challenge (SEC)| S12W1 - "Finance And Me"

in hive-147599 •  last year  (edited)

Good evening steemians

Finance is the field that deals with the management of resources, raising of funds, exchange of funds between two or more parties and the processes of any kind of expenditure. It is concerned with management of monetary affairs. Every business, institution, organization and individual needs to understand the concept of finance to be able to gain and control their resources. In my article today, I'll be deliberating on the contest theme Finance and Me in the first week of the Steemit Engagement Challenge Week 12. Let's begin

How do you view finance?

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If you clearly understand the concept(finance), you will definitely know that it involves the system of monetary affairs, investment and other kinds of financial instrument. It is clearly centered on managing your resources and the aim of acquiring new funds...

Finance is categorized into three which are
1.Personal Finance:- This contest is obviously centered on this. Personal finance implies on every individual. It has to do how we manage our funds to meet our personal and financial needs. Personal finance revolves around our income, tax, budgeting, savings, loans and the rest of them
2.Corporate Finance:- In this, it is a connection between the capital market and an organization. Corporate finance refers to the activities involved in capital structuring, fund sourcing and investments in a firm.
3.Public Finance:- As the name is pronounced, we all know what it implies. The method of managing a country's revenue, which plays a vital role for development both domestically and internationally when managed properly.

Do you have all you need or are you facing financial difficulties?

In response to the above question, my answer is No! I don't have all I need in reference to cater for my financial needs and am also no facing an financial difficulties. I've been contented with what ever I had and by the help of God, what I have has been sustaining my basic needs, not facing any difficulties and Steemit has been a medium to which to achieve that…

What are you not able to accomplish due to finance? Mention three of them

Unfortunately, the things I haven't or been able to accomplish due to finance are just two.

  1. No Investments: What I meant by no investment is that my financial state hasn't been able to allow me have access to other means of gaining more financial freedom. Like investing in cryptocurrency and becoming a trained crypto trader/Blockchain developers, digital marketer and learning some digital skills which will be helpful. I believe Steemit will also help me accomplish that.

  2. Meeting my secondary needs:- Meeting my needs that are not much more important at the moment but needs to be available.

What can you do to be able to manage what you have for the mean time?

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A good question! To manage what I have at the meantime, the only thing I need to do which I think is right is avoid unwise spending, living beyond what I can afford and most importantly, SAVINGS. Saving will definitely help one to achieve a number of goals, as for me it can help to achieve what I haven't been able to achieve...

Who do you run to for help in time of financial need?

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The first I run to in this kind of situation is my Mom. You might be wondering why? This is because I and my mom are very much closer to each other. She understands and knows how to assist me when I'm in need of money.

Although there are some cases whereby I can't possibly ask my mom or even my dad for support, then I have to run to my closest friend or maybe a family member/relative.

Conclusion

The financial state of every business as well as individual is meant to managed properly to avoid the difficulties in Finance. We have to learn to manage the current one we have, exploring more ways to gain more funds to meet our financial needs..So far, I believe my article has evaluated the contest questions.

Thanks for your time in reading my article today.

I invite @jozzie90, @usoro01 and @morgan76

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Hey friend 👋,
Nicely written work man keep it up.

I think is right is avoid unwise spending, living beyond what I can afford and most importantly, SAVINGS. Saving will definitely help one to achieve a number of goals,

This is really a word of wisdom,I bet you many dot know this because spend so much to make people see that for what they are not. Aka fake life is a killer of man.

Thanks for sharing, wishing you success please engage on my entry https://steemit.com/hive-108451/@starrchris/steemit-crypto-academy-contest-season

Thanks for your time and reply..

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