Personal finance is the management of your money, including budgeting, saving, investing, and planning for future goals. Understanding personal finance empowers you to make informed decisions, avoid debt, and build wealth. It covers essential aspects such as setting a budget, managing expenses, planning for retirement, and understanding taxes. By learning key financial principles, you can take control of your financial future, reduce financial stress, and work towards achieving your financial goals—whether it’s buying a home, starting a business, or securing a comfortable retirement.