Philosophy of Fund Management
The term fund management always reminds us of the long face of the finance manager of the office, who wants to discuss the fund management for the next quarter with his deputies before sending the documents to the director for his tacit approval.
The fact of life is that we all need to get ourselves engaged in fund management in different forms in our day to day livelihood. We manage funds at home, in clubs and even in social functions and celebrations.
In layman’s language fund management is the effort to manage the funds effectively keeping track of earning and expenditure. In general funds come in from smaller number of points whereas the point of sales become much higher in case of expenditure. Take an example of your home, where the fund comes into your house from your pay packet and that too once in a month. You need to respond to versatile needs of the house like rent, school fees of children, monthly grocery bills, electricity bills, telephone bills and many others.
If you want to draw a balance sheet, you will always find the income heads are limited and expenditure heads are innumerable and at times even unprecedented expenses increase your headache.
How the funds are managed. In one word, we need to optimize the funds. Say you find a deficit, you might postpone some of the expenses, which are not so urgent or you can even take a small amount of loan from somewhere, which can be paid with the next month’s salary. Fund management becomes most effective once you can calculate the expenses and incomes for a period of time. In general corporate houses prepare a budget for the whole year and then breaks it down to quarterly budgets and so on.
Even as an individual if you can apply such corporate style in your domestic management, you can really win.
Leave a Comment
If you would like to make a comment, please fill out the form below.
Imagination is the highest kite one can fly.LaurenBacallLauren Bacall, American actress
It was either Voltaire or Charlie Sheen who said, ‘We are born alone. We live alone. We die alone. And anything in between that can give us the illusion that we’re not, we cling to.’GabrielByrneGabriel Byrne
The happy people are failures because they are on such good terms with themselves they don’t give a damn.AgathaChristieAgatha Christie
To love for the sake of being loved is human, but to love for the sake of loving is angelic.AlphonsedeLemartineAlphonse de Lemartine
Whenever anyone says, ‘theoretically,’ they really mean, ‘not really. ‘DaveParnasDave Parnas
The stuff of which the world of our experience is composed is, in my belief, neither mind nor matter, but something more primitive than either. Both mind ands matter seem to be composite, and the stuff of which they are compounded lies in a sense between the two, in a sense above them both, like a common ancestor.BertrandArthurWilliamRussellBertrand Arthur William Russell, 1872-1970
You only grow when you are alone. PaulNewmanPaul Newman
Hi, I found your blog on this new directory of WordPress Blogs at blackhatbootcamp.com/listofwordpressblogs. I dont know how your blog came up, must have been a typo, i duno. Anyways, I just clicked it and here I am. Your blog looks good. Have a nice day. James.
I suspect one of the reasons that fantasy and science fiction appeal so much to younger readers is that, when the space and time have been altered to allow characters to travel easily anywhere through the continuum and thus escape physical dangers and timepiece inevitabilities, mortality is so seldom an issue.ThomasPynchonThomas Pynchon
Animation is not the art of drawings that move but the art of movements that are drawn.NormanMcLarenNorman McLaren
This planet has - or rather had - a problem, which was this: most of the people living on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movements of small green pieces of paper, which is odd, because on the whole it wasn’t the small green pieces of paper that were unhappy.DouglasAdamsDouglas Adams
Young men make wars and the virtues of war are the virtues of young men: courage and hope for the future. Then old men make the peace, and the vices of peace are the vices of old men: mistrust and caution.AlecGuinnessAlec Guinness, as Prince Feisal, Lawrence of Arabia, 1962