Personal Finance Definition
Personal finance is a term that refers to the management of financial activities by an individual either for themselves or for their household.
Within the facets of personal finance, there is budgeting, saving, understanding credit, managing debt and investing.
The term often refers to the entire industry that provides
financial services to individuals and households and advises them about
financial planning and investment opportunities.
Individual goals and desires—and a plan to fulfill those
needs within your financial constraints—also impact how you approach the above
items. To make the most of your income and savings, it’s essential to become
financially savvy—it will help you distinguish between good and bad advice and
make intelligent financial decisions.
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