What is Finance?

You might’ve heard about the current “financial issues” faced by Turkey? Or how about the first 100 Companies listed in Forbes Magazine as they are financially strong? Or maybe your friend asked you for a loan because he’s financially low? It might appear so that finance dominates every aspect of our life is it people, companies or even countries. But the question remains, what finance really is? Simply put, finance deals with managing your resources, or otherwise your money. So, if you have just received your pocket money, then the processes of budgeting, spending and saving your money are all financial decisions. Experts term it as Personal Finance. If you run a corporation with limited capital, with just a few additions to the same processes, it becomes Corporate Finance.