What is Personal Finance Like

I have read the definition about a part of finance;it is like the financial application of the principles to the monetary decisions of an individual or is called by Personal finance. It is used to address the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. There are components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies, and income tax management.