What is Finance? Finance refers to the management of money and includes activities like investing, borrowing, lending, budgeting, and saving. It is broadly categorized into three types: 1. Personal Finance – Managing individual or family finances, including expenses, savings, and investments. 2. Corporate Finance – Managing a company’s financial activities such as funding, capital structuring, and resource allocation. 3. Public Finance – Government-related financial management, including taxation, expenditure, and bud geting. Key Concepts in Finance. 1. Budgeting Budgeting is the process of creating a plan to spend your money. It ensures that you have enough resources for essential expenses and future savings. The 50/30/20 rule is a popular budgeting method: 50% for necessities (rent, groceries, utilities). 30% for wants (entertainment, dining out). 20% for savings and debt repayment. 2. Saving. Savings involve setting aside money for future needs. Building an e...
Introduction. The School of Specialized Excellence (SOSE) is a significant educational initiative designed for students who require a flexible learning environment. Whether you are a working professional, homemaker, or someone seeking secondary and senior secondary education without attending regular classes, SOSE provides an excellent opportunity to continue your education. In this article, we will discuss the key details about the SOSE Exam 2025, including important dates, admit card information, and tips to prepare effectively. What is SOSE? SOSE is an open schooling system that allows students to study at their own pace. It offers: Flexible schedules for learning and exams. Secondary and senior secondary education (equivalent to Classes 10 and 12). Various vocational courses to enhance skills. SOSE Exam 2025: Date. SOSE Exam 2025: Date As of now, the exact dates for the SOSE Exam 2025 are yet to be announced. However, based on previous years’ trends, here is ...