Personal Finance

Personal finance refers to the management of an individual’s or household’s financial activities, which includes budgeting, saving, investing, and planning for future financial goals. It encompasses understanding one’s income and expenses, making informed decisions about spending, and effectively managing debt. Personal finance also involves planning for major life events and goals, such as education, retirement, and purchasing a home. Additionally, it includes strategies for protecting and growing assets, such as insurance and investment management. Overall, personal finance aims to enhance an individual’s financial well-being and ensure that they can achieve their economic objectives while maintaining financial security.