personal finance
/ˌpər.sənˈfɪ.nəns/ · per.sən.fin.ance
noun
- The management of an individual's or family's financial resources, including income, expenses, savings, and investments. She took a course in personal finance to better manage her debt and retirement savings.
- The study of how individuals and households allocate their financial resources and make decisions about spending, saving, and investing. The professor taught a class on personal finance, covering topics such as budgeting and financial planning.
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Did you know? The term 'personal finance' gained popularity in the 1990s with the publication of books such as 'The Total Money Makeover' by Dave Ramsey, which offered practical advice on managing personal finances.