Personal finance is how you manage your money. This includes anything you might do with your money from spending and saving to budgeting, incurring debt through loans and credit cards, investing, insurance and even retirement planning.
Personal finance is important to take seriously as your financial choices will impact your ability to obtain a mortgage or utilize credit. Additionally, how you manage your money could affect your financial stability and your capacity to pay for the things you need or cover unexpected expenses. Becoming financially literate and managing your money responsibly will afford you to better live your life on your terms.