Personal finance can be defined as the management of an individual's money .  Personal finance is about how you handle your money. It includes:

• Deciding how to spend your money each month.


• Setting aside money for future needs or emergencies.


• Putting money into things like stocks or bonds to make it grow.


• Preparing for future costs, like buying a house or retirement.

1. Money saved in bank accounts.


2. Small loans from Microfinance banks for individuals.


3. Loans and credit facilities from Commercial banks.


4. Borrowing from local cooperative groups.


5. Financial support from relatives or friends.


6. Borrowing from local money lenders or "Esusu" groups.


7. Financial assistance or schemes from the government.

Consumption and choices can be defined as the process of selecting and using goods or services based on preferences and available resources.

Scale of preference can be defined as a list of desires arranged by priority, with the most important placed first and the least important placed last.

• At the market, you first buy foodstuff. After that, you get soap and toothpaste, then check out clothes, but skip gadgets for now.


• You focus on studying core subjects to pass WAEC. After that, you review elective subjects, join a group to study, and look for materials online.