Personal finance refers to the management of an individual’s or a household’s financial activities, including budgeting, saving, investing, and planning for future financial needs. It encompasses various aspects such as income management, expenditures, debt, savings accounts, investment strategies, retirement planning, and financial planning for major life events. Personal finance aims to help individuals make informed decisions about their finances to achieve their financial goals and ensure long-term financial stability and security. Effective personal finance management requires understanding financial principles, setting financial goals, tracking financial activities, and making choices that align with one’s values and aspirations.
Retirement is not just about the money; it's about enjoying life to the fullest. If you have retirement savings exceeding $333,940, you are already ahead of the national average, according…