Final answer:
Personal finance involves managing individual financial decisions, achieving financial wellness through setting goals, and enhancing financial literacy for success.
Explanation:
Personal Finance: Understanding and Managing Your Money
Personal finance is the management of individual financial decisions and activities. It involves creating budgets, saving for the future, investing wisely, and understanding credit and loans.
Financial wellness is achieved by setting goals, being aware of your current financial state, and making informed decisions to reach those goals. It involves strategic planning, budgeting, and maintaining good financial health.
Financial literacy includes skills like wise investing, savings strategies, understanding loans, managing credit scores, and making informed financial decisions to achieve success.
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