DEFINITION OF 'PERSONAL FINANCE'

DEFINITION OF 'PERSONAL FINANCE'

All decisions and financial activities of a person, can include budget, debt, mortgage loans, insurance, savings, investments, expenses, and many more. These require planning of revenue, and expenditure, and the use of surplus, if any, considering the short and medium term. Therefore, the planning and decisions on how to use your own money is called personal finances.

Yourself could redefine their personal finances by reviewing your income-expenditure, and how to use attached to a plan, you decide.

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