Quick Definition

Personal finance refers to the management of an individual's or family's financial activities, including budgeting, saving, investing, and planning for future financial needs.

Examples

• 1Creating a monthly budget to manage household expenses.
• 2Saving a portion of income each month for retirement.
• 3Investing in stocks or mutual funds to grow wealth over time.
• 4Planning for large expenditures like education or a home purchase.

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