Year 2010, Issue 105

Date published

16.7.2010

Table of content

  • Teodora Dimitrova
    PERSONAL FINANCES – BACKGROUND FOR PERSONAL WEALTH MANAGEMENT
    Keywords: -
    Summary: -  ... ... CONTENT PREFACE 9 Chapter one. CHARACTERISTIC ASPECTS OF PERSONAL FINANCES 11 1. Profile of personal finances 11 1.1. Fundamentals 12 1.2. Personal finances in the context of personal wealth management 17 2. Personal finances in the system of national economy 21 2.1. Households between the state and private sector 21 2.2. Theory for influence through personal finances 25 3. Human capital and carrier development – background for financial potential of the individual 31 3.1. Significance of the factor “human resource” 31 3.2. Motives for carrier planning 34 4. Analyses of the dependency between personal finances and life cycle of the individual 39 Chapter two. PERSONAL FINANCES MANAGEMENT 44 1. Estimation of the personal financial status 44 1.1. Balance as a means for estimation of personal wealth 46 1.2. The account of personal income as a measurement device of financial effectiveness 53 1.3. Interaction between the components of the personal financial accounts 60 2. Indices for analysis of personal financial status 62 3. Exploration of the dependence between planning and personal finances 71 4. Role and significance of the budget in personal wealth management 79 Chapter three. TOOLS FOR PERSONAL FINANCES MANAGEMENT 89 1. Analysis of the techniques for personal financing 89 1.1. Philosophy of trade banking 90 1.2. Alternative forms for personal financing 98 1.3. Approaches to personal debt management 102 2. Taxation frame impact on the personal finance wealth 105 2.1. Logics of income taxation of individual 105 2.2. Parameters of Property taxation 112 3. Challenges before personal investments management 119 3.1. Investment tools potential 120 3.2. Personal investment policy 123 4. Effects of implementation of the techniques of personal pension and health insurance 131 4.1. Estimation of level of adequateness of pensions 131 4.2. Specificity of individual and family health insurance 138 5. Personal risks management though insurance strategies 141 5.1. Priorities of life insurance 144 5.2. Personal accents in general insurance 150 CONCLUSION 154 REFERENCES 156 ABSTRACT -