Here at Castle Finance we are leaders in financial planning. If you need help managing your finances you have come to the right place. From small investments to large portfolios we do everything. and with us your money is as safe as a castle.
An Explanation of Finance and What It Means for You
Finance is defined as the science of managing money. It can be separated into three main categories: personal finance, public finance and corporate finance. Each category of finance deals with money management and the acquiring of required funds in different sectors. Correctly managed finance is extremely important as it ensures the effective management of finances for individuals, businesses and government entities. All three of these categories require funds to operate effectively, without correct financial management they would quickly collapse. So, what does finance mean you for? Well, it depends which category you fall into. Let’s take a look at all three.
What do People in Finance Do?
Those working in finance have the responsibility of managing large sums of money. They help individuals manage their finances responsibly, business investments, taxes, and so much more. Indeed, people working in finance hold the financial fates of multiple organisations in their hands. They help their clients, whether individual, commercial or government entities, monitor their finances accurately while complying with legal regulations and planning for the future. Therefore, finance and accountancy firms have a significant amount of responsibility.
What is Public Finance?
Public finance manages the day-to-day operations and provision of social services for people (such as education, social security and medical care). The management of public finance ensures citizens the provision they require for a safe community, health care, education services and protection of life and property, amongst other things. The overarching goal of public finance is to ensure equitable distribution of income for citizens to help create a stable economy.
What is Personal Finance?
Personal finance deals with the handling of money, the dealing of all financial decisions and activities of an individual or their household. Personal finance helps an individual manage their money effectively, teaching them effective saving strategies, investment opportunities and sensible spending habits. Personal finance also oversees the purchasing of life and home insurance, mortgages, credit cards and any further financial products. The most important aspects of personal finance are:
- Retirement planning
- Buying insurance
- Assessing expected cash flow
- Savings and investments
- Calculating and filling taxes
What is Corporate Finance?
Corporate finance is all about the management of all financial activities relating to corporations. Corporate finance is primarily concerned with maximising shareholder value through financial planning and various strategies. Put simply, corporate finance is primarily focused on the financial strategies required to develop, grow and acquire business.
Call Castle Finance Today
If you require finance services, call Castle Finance today. We offer a variety of financial services to a broad client base. Whatever your financial requirements, our team of experienced professionals have the knowledge to advise you on the best next steps for your personal needs. So, give us a call today to discuss your finance requirements.