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Personal finance defined as the concept of managing the individual and families financial activities. It can be summarize in how to plan ,generate, spend, save, protect, and invest your financial resources.
Money touches every aspect of life, and if a person doesn’t know how to manage it, then it can lead to a lifetime of headaches and stress,
The main areas of personal finance:
Finance as a term defined as the management of the money. It is involved all the activate related to the money such as investing, borrowing, lending, budgeting, saving, and forecasting.
There are three main categories of the finance: