What is the meaning of Personal Finance ?
The history of personal finance dates back to ancient civilizations, where individuals had to manage their resources for survival. Over time, the concept evolved and became more formalized, with the advent of modern banking systems, stock markets, and financial advisors. The 20th century saw a significant increase in consumerism and debt, leading to a greater emphasis on personal finance education and financial literacy. Today, personal finance continues to be an important aspect of life for individuals, as they navigate an increasingly complex financial landscape that include income, expenses, savings, investments, and debts. The goal of personal finance is to help individuals make the most of their financial situation and achieve their financial goals, such as building wealth, preparing for retirement, and maintaining financial stability.