Define Personal finance
What is personal finance? Can you define personal finance? What does it mean to you and your family? Personal finance is a huge subject that covers many aspects of personal money management. It is not only about building wealth or paying your bills on time, it is also about the fundamental attitude you have towards money and the lifestyle you want to live.
This is how Wikipidea Defines personal finance “Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. 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.”
While Wikipidea’s definition is correct, I want to know how you define personal finance. Share what it means to you, write it in the comments so others can read it. You might inspire someone to take control of their finances or you might find that others share the same ideas.
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Thanks terry, I will try to keep my updates frequent.