Personal Finance refers to the management of an individual’s financial activities and decisions. This encompasses budgeting, saving, investing, and planning for future financial needs and goals. Personal finance involves understanding and utilizing various financial products and services, such as bank accounts, credit cards, loans, and investment vehicles. Key components include income management, expenditure tracking, debt management, retirement planning, and risk management through insurance. The goal of personal finance is to ensure financial stability, improve one’s economic circumstances, and achieve long-term financial objectives, such as home ownership, education funding, or retirement savings. Effective personal finance requires awareness of one’s financial situation, setting realistic goals, and developing strategies to reach those goals within a specific timeframe.
A new scam, known as "smishing," targets commuters by impersonating toll service notifications and demanding false payments. Scammers create convincing fake websites that mimic real toll service pages, attempting to…