Why Personal Finance is important?

raaman

Valued Contributor
Why Personal Finance is important?
In today's fast-paced financial world, debt can trouble anyone. What is debt? How is it generated? What are personal finances and what is the use of having finances under control? How can you achieve the desired financial freedom? In this thread, I will share the concept of zero debt and how you can achieve it. Organizing and understanding your personal finances is the first step in this journey.
Personal finances refers to the management and administration of financial resources at the individual or family level. It includes all the financial activities that an individual performs to manage his income, savings, expenses, investments and debts. Personal finances are essential to achieve financial stability and the ability to make right financial decisions.
 
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