What is the primary goal of personal finance?

The primary goal of personal finance is to achieve personal financial security and reach individual goals. This encompasses a broad range of activities, including budgeting, saving, investing, and planning for expenses. The focus is on creating a sustainable financial situation that supports one's lifestyle and future aspirations, which may include buying a home, saving for retirement, funding education, or preparing for emergencies.

By striving for personal financial security, individuals can make informed decisions that align with their goals, ensuring that their financial resources are effectively managed to provide stability and growth over time. This holistic approach goes beyond merely managing relationships with banks or spending capabilities; it involves a comprehensive strategy that prioritizes the individual's unique financial objectives and long-term well-being.