ESSAY PLAN

Essay Plan



Assignment

Part I: Essay Plan

Personal Finance

It is important to plan the finance for any regular expenditure such as the basic needs of any person like food, clothes, accommodation, bills etc. To be able to for fill all your personal needs you must have some kind of personal income, which will cover these expenses.

The process of developing a sound financial plan is a routine process that indeed involves not only careful financial analysis of the person's current situation and long-term commitment to implement and monitor that plan throughout his/her life, but also requires careful thinking for the future. In order to properly achieve the financial planning goals, one has to monitor the performance of the financial plan as well as make proper changes when necessary. Thus, in order for the plan to remain of use for the person and not a fortune for financial advisors, one has to make it user-friendly and elaborate.

Corporate Finance and Investment

Financial plans provide people with physical ability to survive the harsh retirement years. People without plans depend on government support and support of their families.Savings obtained with the help of planning provide people with some level of emotional comfort that is associated with the need for protection from the Maslow's hierarchy of needs. Without the plan and money you'll not have the protection needs covered and can't be happy.

Banking and International Finance

Savings remove the cause of conflict that is associated with the domestic disputes based on the lack of money. It is a common knowledge that families with solid financial health usually do not have quarrels associated with the limited funds. Without a plan and money, people are likely to quarrel about the money spent/wasted/lost and certainly give pain to each other.Savings provide psychological comfort associated with the ability to give something to others (pay for children's college, donate to the charity etc.) Without the money/plan you can't anyhow contribute to your posterity and certainly will incur suffering because of such financial impotence.

Risks

Savings improve the person's self-esteem and make the person understand that she/he had achieved something in his/her life. For males excessive savings also mean the ability to get the trophy wife, a new wife to replace their aging spouse and to serve as a representation of one's own success and achievement. Without proper planning and money, a person is likely to feel like a big loser who is worth nothing and can't do anything about it now.

Part II: Financial Services Themes

In 2008 the Northern Rock bank was nationalised by the British Government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank was split into two parts (assets and banking) to aid the eventual sale of the bank back to the private sector. On 14 September 2007, the Bank sought and received a liquidity support facility from the Bank of England, following problems in the credit markets, during the financial crisis of 2007-2010.

On 22 February 2008 the bank was taken into state ...