Financial management provides us a way to achieve our goals and objectives in the

company. The people behind it are responsible for the strategic planning, organizing, directing,
or even controlling of financial concerns of an organization. It plays a vital role in the business
because it helps to make financial decisions. It prepares guidelines for earning maximum profit
while spending with the very least or minimum cost possible. It also helps the business to control
the financial expenses and maintain an adequate amount of finances. The organization's goal can
only be done with the help of effective management of finances. That is why we cannot just
neglect its importance.

Learning financial management will help me in the future on how to appreciate the
importance of managing our finances. As a student, budgeting and allocating my allowance is
crucial. It will determine if I will survive for the month using the budget allotted for me.
Knowing the proper use and allocation of funds will help me improve my day-to-day efficiency
as a person or business owner. It will help me reduce my expenses while maximizing my
savings.