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Personal Finance Management Personal finance refers to the management of an individual's financial resources, including income, expenses, savings, investments, and debt. It involves creating a budget, making financial decisions, and planning for future financial goals. Here are some key details about personal finance : 1 . Budgeting :  Budgeting is an essential aspect of personal finance management that involves creating a plan for your income and expenses. In India, the process of budgeting for personal finance is similar to other countries, but there may be specific considerations to keep in mind. Here are some steps to create a budget for personal finance in India: Determine your income : Start by calculating your monthly income, including your salary, business profits, rental income, and any other sources of income. List your expenses : Make a list of all your regular expenses, including rent/mortgage, utilities, groceries, transportation, entertainment, and any other regular e...