Personal Finance

Personal Finance refers to the management of an individual’s or household’s financial resources. It encompasses various aspects of finance, including budgeting, saving, investing, and planning for future financial goals. Personal finance involves making informed decisions regarding income, expenses, debts, and investments to achieve financial stability and security. It includes understanding financial products like bank accounts, credit cards, loans, insurance, and retirement accounts, as well as strategies for tax planning and wealth accumulation. Effective personal finance management helps individuals meet their immediate financial needs while preparing for future objectives, such as buying a home, funding education, or planning for retirement.