Personal finance is an individual’s management of their money and assets. It is a holistic approach to understanding how to effectively manage income, budget, save, invest, and protect one’s financial future. It involves making decisions about how to best use financial resources to reach personal goals.
This includes understanding how to budget, save, and invest, as well as learning about financial products and services that may be beneficial.
Additionally, personal finance includes understanding the different types of insurance, such as auto, home, life, health, and disability insurance, and how to use these products to protect one’s assets.
It also involves understanding how to manage debt and credit, and how to use credit responsibly. Ultimately, personal finance is about taking control of one’s finances and preparing for the future.
5 Foundations of personal finance explained
The 5 foundations of personal finance are the basic principles of managing one’s finances. It is the groundwork for making…Read More »
10 Benefits of reading finance books for beginner
Personal finance is an individual’s management of their money and assets. It is a holistic approach to understanding how to…Read More »
Finance Books for Beginners: 8 Best of all times
My goal is to teach my children the importance of financial literacy and help them understand the basics of personal…Read More »