Personal finance refers to the management of an individual’s or a family’s financial resources. It involves making financial decisions, setting financial goals, budgeting, saving, investing, managing debt, and planning for retirement or other long-term financial objectives. Personal finance encompasses a wide range of activities and concepts aimed at maximizing financial well-being and stability. It includes understanding concepts such as income, expenses, assets, liabilities, credit, taxes, insurance, and investments, and applying strategies to optimize one’s financial situation and achieve financial goals.