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The Graduate Posted 19 years ago
Vocabulary
HELP Please ...
Hi there,
I am working on a Requirements Document for a system that will help to track and monitor the Personal Financial Resources. My problem is that I don't know whether the term Financial Resources covers both the Resources of Consumption (I mean by this term the resources that needs you to spend money for) & the Resources of Earnings, or just the Resources of Earnings. Moreover, I need to give a name to the system and I am actually confused between two names which are:
Personal Money Management System
Personal Financial Management System
So, which one do you think is better? .. I will be thankful if somebody enlighten me about that Financial Area and the right terms to use.
Thanks In Advance
I am working on a Requirements Document for a system that will help to track and monitor the Personal Financial Resources. My problem is that I don't know whether the term Financial Resources covers both the Resources of Consumption (I mean by this term the resources that needs you to spend money for) & the Resources of Earnings, or just the Resources of Earnings. Moreover, I need to give a name to the system and I am actually confused between two names which are:
Personal Money Management System
Personal Financial Management System
So, which one do you think is better? .. I will be thankful if somebody enlighten me about that Financial Area and the right terms to use.
Thanks In Advance
Top answer
'Resources' are sources, so I do not understand what you mean by 'resources of consumption'-- it seems to me that those should be 'expenses', while your income is your 'resource'. In any case, I prefer 'Personal Financial Management System'-- it is then not restricted to cash money only, but can include futures options transactions, etc. On the other hand, 'Personal Money Management System' is more straightforward.
- 'Resources' are sources, so I do not understand what you mean by 'resources of consumption'-- it seems to me that those should be 'expenses', while your income is your 'resource'.
- In any case, I prefer 'Personal Financial Management System'-- it is then not restricted to cash money only, but can include futures options transactions, etc.
- On the other hand, 'Personal Money Management System' is more straightforward.
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2 Answers
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'Resources' are sources, so I do not understand what you mean by 'resources of consumption'-- it seems to me that those should be 'expenses', while your income is your 'resource'.
In any case, I prefer 'Personal Financial Management System'-- it is then not restricted to cash money only, but can include futures options transactions, etc. On the other hand, 'Personal Money Management Syst
In any case, I prefer 'Personal Financial Management System'-- it is then not restricted to cash money only, but can include futures options transactions, etc. On the other hand, 'Personal Money Management Syst
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