Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. Personal finance provides you with great financial planning benefits suiting your needs and requirements. From banking services to investment to retirement plans and other social and welfare initiatives rolled out by the govt. personal finance will help you derive benefits from all of them and save taxes on top of it. Personal finance is important as it puts your finances and savings into perspective in a way that makes it easier for you to see the long term benefits of your savings and investments. You get to make much more savings and save taxes which previously you didn’t even know why you were paying them for.