Personal Finance Definition
One of the major areas of finance in the economic sector is personal finance. There are actually three major areas of finance. They are primarily
1. Corporate Finance
2. Public Finance
It also refers to how a person manages to obtain the budget which is considered. It further refers to the method of saving the budget and a detailed estimate of the expenditure of the person.
Thereby it refers to how a person spends the money resources when he has already considered the financial risks and the future encounters that would follow.
