Finance is the science that describes the management of money, credit, banking, assets, and investments. More easily understood, anything that has to do with money and the stock market is what finance looks at and deals with.http://www.investopedia.com/terms/f/finance.asp
Managing personal finances is what allows an individual to fund the purchase of goods and services, as well as funding investments. Finances are monetary resources of a government or some type of corporate body, such as a family, coming from some sort of income.http://www.thefreedictionary.com/finance These resources earned from the economy include money or other liquid resources that includes the circulation of money, the granting of credit, the provision of banking facilities, and the making of investments.http://www.merriam-webster.com/dictionary/finance
Finance Areas
There are three main areas of finance: financial management, financial markets and institutions, and investments. Financial management is concerned with the decisions around the movement of money within the organization. Financial markets include institutions like banks, insurance companies and credit unions, all of which provide the underlying financial infrastructure that makes financial management possible. Investments include stocks, mutual funds, bonds and other longer-term assets.http://courses.dsu.edu/finance/major/whatis.htm
Financial Assests Video
This is a quick video explaining what exactly financial assets are. As a financial planner, Patrick Munroe gives us simple, clear, and easily understandable examples of the types of financial assets in our lives. Starting with the most basic assets involving your family and health to, and going into deeper assets such as cash, 401(k)'s, homes, and even precious stones, metals, stones, and art shows just how wide-ranged they are.
Disclaimer
The content in this page is not a substitute for professional financial advice. Please contact your financial advisor before using the information presented here.