Glossary Finance Personal Finance

Personal Finance

Personal finance is defined as a phrase that is used to refer to those aspects of the financial world which are likely to be of interest and concern to ordinary people.

Usage of Personal Finance

It is commonly used in newspapers, magazines and business directory to describe sections of the publication in which financial experts give advice on matters such as business credit cards, credit cards, bank accounts, bank loans, pensions, mortgages, taxation issues or investment strategies. The term is used to make a distinction between those aspects of the financial world which are primarily of concern to businesses.

Most ordinary people find many aspects of the world of professional finance complex and off-putting. Despite this, very few people are able to avoid it entirely. Thus, media organizations employ experts to try and bridge this gap in understanding and make the difficult issues comprehensible to the average person.

Under the rubric of personal finance, newspapers often publish queries received from readers about financial topics which puzzle them. Experts will respond, giving advice and guidance. Naturally enough, the goal in most cases is to either save money or to make more of it and the advice given ranges across topics such as how to pay less tax, or how to earn a higher return on savings or investments.