Personal Finance

Personal Finance refers to the management of an individual’s financial activities, encompassing budgeting, saving, investing, and planning for future financial goals. It involves understanding one’s income, expenses, assets, and liabilities to make informed decisions about money management. Key components of personal finance include budgeting to track spending, setting financial goals (such as retirement or education savings), managing debt, and planning for taxes and insurance. Personal finance also emphasizes the importance of building wealth over time through investments and financial literacy. Overall, it aims to enhance an individual’s financial well-being and security.