MANAGEMENT

Detailed explanation-1: -Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing, and protection. The process of managing one’s personal finances can be summarized in a budget or financial plan.

Detailed explanation-2: -personal financial management. is the process of controlling your income and your expenses. automatic deduction plan. funds are automatically deducted from your paycheck and placed into your savings account so you do not get the opportunity to spend the money.

Detailed explanation-3: -Financial Management is a vital activity in any organization. It is the process of planning, organizing, controlling and monitoring financial resources with a view to achieve organizational goals and objectives.

Detailed explanation-4: -By definition, Personal Financial Planning is a systematic approach whereby an individual maximizes the existing financial resources through proper management of one’s finances to best achieve his/her financial goals and objectives.