Jasmine
VIP Contributor
Personal finance primarily involves managing your money through various techniques like cash flow management, saving, investing, budgeting, etc. Proper management of personal finance is crucial for various reasons, such as clearing debts, generating income, saving money, investing, and ultimately, enhancing your net worth. Your net worth reflects your total financial value, calculated by adding up all your assets like cash, jewelry, stocks, cryptocurrency, property, etc., and subtracting your liabilities such as loans, debts, and outstanding bills. If you do not have personal finance management skills, you might not be able to live comfortably and enjoy life even when you are earning well.
