When an individual or a family manages the ways in which monies are budgeted, saved, invested, preserved for future life events, and protected against risks, it is called ________.

Question

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Personal finance refers to the management of an individual or a family's financial matters to achieve financial goals and objectives. It involves activities such as budgeting, saving, investing, and protecting against risks. Corporate finance, on the other hand, is concerned with the financial management of companies or organizations. Personal management and corporate management are broad terms that can encompass various aspects of managing personal and corporate affairs but do not specifically pertain to finance.

When an Individual or a Family Manages the Ways in Which