Financial experts agree that while people have much more money today than they did generations ago, the amount of knowledge on how to manage that money hasn’t kept pace- not at all (Maura Fogarty, 2012). Taking charge of planning and managing our finances and putting it into practice is very important for every individual. This is not only to set up our household budget but also to save, invest as well as plan for our retirement. In this writing, the meaning of financial management, the importance of financial management, how each individual can take steps to manage and plan their finances and the awareness of financial management in Brunei are discussed. The objective of this writing is to create awareness to people the importance of planning and managing their personal finances besides, educating the readers on how to plan and manage every individual’s finances for their better today and future which also indirectly leads to the development of the nation.

PERSONALFINANCIALMANAGEMENTbyThulasimaniMunohsamy