What is Personal Finance Management?
Financial Management for individuals. Generally, it involves analysing your current financial position, predicting short-term and long-term needs, and recommending a financial strategy.
This may involve advice on mortgages, life insurance, and investments, etc.

The need for Personal Finance Management:
- Although everyone works to make money and live a financially independent life, most people are not aware about their current net worth.
- Further most people do not have a clear strategy for financial planning.