ELI5: Explain Like I'm 5

Personal finance

Personal finance is all about taking care of your money and making sure it's being used in the best possible way. It includes things like saving money to buy what you need, spending money wisely, and investing money to help it grow. Saving money means setting aside money each month in a bank account so that you have it saved up for future purchases. Spending wisely means looking for the best value so you can get the best quality product at the lowest price. Investing means putting your money towards something that will hopefully increase in value so you can have more money in the future.