It’s important to understand the basics of personal finance if you want to get a leg up on economic success. Here we cover the fundamentals of setting goals, saving, and investing.
- Personal finance is economics on the family and individual levels. It encompasses goal setting, financial action plans, various investments, and how small everyday choices impact your financial life. Setting goals help you make wise financial decisions. Goals should be clear, concise, detailed, and written down. They also should be realistic.