why is personal finance so important 
the concepts behind managing your personal finances can guide you in making intelligent financial decisions in addition the decisions you make throughout your life on what to buy sell hold or own can affect how you live when you can no longer work the bottom linepersonal finance is managing your money to cover expenses and save for the future it is a topic that covers a broad array of areas including managing expenses and debt how to save and invest and how to plan for retirement in addition it can include ways to protect yourself with insurance build wealth and ensure wealth is passed on to the people you want it to pass to understanding how to manage your finances is an important life planning tool that can help set you up for a life without debt you gain control of financial stresses and have a way to manage the expensive surprises that life can throw at you 