Personal financial resources: modern types and their relationship

the aim of the study is to formulate the concept of personal financial resources, examine their types and analyze the ratio of own and borrowed sources. Methods: the methods used in the presented study of personal financial resources are the methods of economic analysis, the monographic method and the comparative method. Findings: the study specifies the main own sources of personal financial resources, including wages, which should be called a traditional source. It is noted that in the modern economy there are other opportunities for personal earnings. It is determined that an important issue in studying personal financial resources is the ratio of own and borrowed sources. Conclusions: it is determined that borrowed sources of personal finance are used in case of unexpected expenses and in the absence of personal savings. It is indicated that the absence of borrowed sources is a consequence of the presence of sufficient savings. Excess of own sources over borrowed ones may indicate the ability to repay them. Excess of borrowed sources over own ones often leads to bankruptcy of an individual. A trend of changes in the sources of personal finance has been revealed: a decrease in significant mortgage debt leads to an increase in minor debts, for example, on a credit card.

personal financial resources, salary, own sources, borrowed sources, personal savings, income of an individual, financial literacy