Finance is the management of money and investments. It encompasses a wide range of activities, including budgeting, saving, investing, and borrowing. Individuals and businesses alike engage in financial planning to ensure they can meet their future needs and goals. Understanding finance is crucial for making informed decisions about spending and investing. In personal finance, individuals assess their financial situation to create budgets and savings plans. This helps them manage their expenses and prepare for unexpected costs. Tools like financial calculators and budgeting apps can assist in tracking income and expenditures, ultimately leading to better financial health and stability.