Personal Finance

Personal finance refers to the management of an individual's or household's financial activities, including budgeting, saving, investing, and planning for future financial goals. It encompasses a range of decisions and strategies related to income, expenses, debt management, and financial planning for events such as retirement, education, and emergencies. Personal finance aims to enhance financial literacy and empower individuals to make informed choices that align with their financial objectives and improve their economic well-being. Key components include understanding income sources, managing expenses, creating savings plans, making investment choices, and protecting against financial risks through insurance.