BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Detailed explanation-1: -Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning.
Detailed explanation-2: -According to Investopedia, “Personal finance defines all financial decisions and activities of an individual or household, including budgeting, insurance, mortgage planning, savings and retirement planning.” Understanding these terms can help you better control your funds and prepare for future financial success.
Detailed explanation-3: -Personal finance refers to all of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc..
Detailed explanation-4: -Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies, and income tax management.