Financial concepts refer to the fundamental ideas that underpin the management of money and investments. These include topics such as budgeting, which involves planning how to allocate income and expenses, and saving, the practice of setting aside money for future needs. Understanding these concepts helps individuals make informed decisions about their finances. Another important financial concept is investing, which is the act of using money to purchase assets with the expectation of generating a return. This can involve buying stocks, bonds, or real estate. Additionally, concepts like interest rates and inflation play crucial roles in how money grows or loses value over time.