[雙語翻譯]理財外文翻譯—個人理財規(guī)劃過程與家庭社會經(jīng)濟(jì)決策研究（原文）

1、 Electronic copy available at: http://ssrn.com/abstract=2813484 A Study of Personal Financial Planning Process and Socio-Economic Decision-making in Households Authors – 1. Ms. Sweety Shah Assistant Professor – L. J. In

2、stitute of Management Studies sweety_pdubey@yahoo.co.in 2. Ms. Amola Bhatt Assistant Professor – Institute of Management, Nirma University amolamba@gmail.com A Study of Personal Financial Planning Process and Socio-Econo

3、mic Decision-making in Households 1. Introduction Household financial management is that activity which is concerned with planning and controlling finances of individuals and households. The concept ‘personal financial m

4、anagement’ is of immense interest to researchers, academicians and policy formulators in the context of global economic crisis and financial inclusion in developing countries. As in the case of a nation or business insti

5、tution, finance plays a crucial role in the life of an individual, to rich or poor. Mobilisation of finance and its wise and efficient deployment play a strategic role in the well-being of a nation or institution and at

6、the most in the case of a person who is the base or starting point of any economic activity. Personal finance as a branch of economics deals with budgeting, saving, investing, borrowing, lending, insuring, and diversifyi

7、ng. Personal financial planning denotes the process of determining whether and how an individual can meet life goals through the proper management of financial sources. (CFP Board, 2005) Financial literacy and financial

8、well-being are mutually related with each other (UNDP and PFIP, 2010). Financial well-being is the ability to have wealth to serve life - to have the financial means to comfortably attain whatever personal goals one has

9、to enjoy an acceptable lifestyle. Sociological research data indicate that four factors strongly predict happiness and overall well-being in most cultures: health, economic status, employment, and family relationships. P

10、eople are happier when they are healthy, employed, married or in a committed relationship, and financially secure. There is a relationship between an individual’s ability to do something (competence) and well-being (both

11、 self-perceived happiness and economic well-being). Well-being is, at least in part, a product of competent behaviour enacted consistently over time. Financial capability and financial competence therefore influence a pe

12、rson’s well-being. The opportunity accorded to people to engage with the formal financial system and how well they manage the money they have will influence their standard of living and the standard of living of those fo