Personal finance is defined as the management of a person’s financial activities. These activities include saving, investing, budgeting, planning and more.
Personal financial planning encourages you to create financial plan in order to achieve them via limiting your spending on unnecessary items or services.
Financial planning is defined as your current financial situation in which you want to achieve either short or long-term goals to fulfill your financial needs.
Financial goals start with creating a budget, reducing your debts and making an emergency fund. It helps in saving money to fulfill your financial needs.