What is Personal Finance management?
What is Personal Finance management? Personal finance management is called as management of a person or his family’s financial resources to achieve their financial goals by making financial decisions in order to overcome various financial situations. It includes a broad range of topics related to money, income, expenses, savings, investments, and debt. And also some related topics such as insurance, retirement, budgeting etc.. The primary goal of personal finance management includes optimizing financial well-being and making informed choices to secure a stable and comfortable financial future. Key points of Personal Finance Management:- Budgeting: Creating a budget involves tracking income and expenses to ensure that one's spending aligns with financial goals. A budget helps individuals allocate funds for essential needs, savings, and discretionary spending. Saving : Saving involves setting aside money for future needs or emergencies. Investing: Invest