The personal financial planning typically involves creating a personal budget, planning for taxes, setting up a savings account, debt counseling and portfolio construction. Creating a budget, allocating financial resources for savings and investments are all components of personal financial planning.

With the intension to give insight about the financial planning, the IMS Ghaziabad, University Courses Campus conducted One day workshop on Personal Financial Planning for MIB 2018-20 batch on 15thOctober 2018 (Monday). Total of forty five students have attended this workshop.

The workshop is divided into following sessions:
1. Session-1
Introduction to Personal Financial Planning
Personal Finance Ratios

2. Session-2
Investment Tools and Risk & Return Analysis

3. Session-3
Risk Profiling & Portfolio Construction
Insurance Planning

4. Session-4
Group Presentations

Summary
This workshop was very informative for the students as they are dealing with some financial problems in their daily life, how to manage our expenses and save amount for the investment. We also got to know about the insurance planning and types of insurance tools. This workshop provided the knowledge about different small and long term savings schemes (PPF, SSA, and FD etc.) and their benefits in tax. In the last session students were divided into groups of seven students and they have given a situation related to individual financial condition and groups have to prepare the portfolio construction according to the individual income. At the end of the workshop, the Certificate of Participation was given to the students in the presence of Prof. Kapil Mohan Garg (Chairperson MIB) and Dr.Pradeep Bhardwaj.