This section contains simple explanations of finance concepts
that I am currently learning and exploring.
What is Personal Finance?
Personal finance refers to managing an individual’s money,
including income, expenses, savings, investments, and planning
for future financial goals.
It helps individuals make informed decisions about spending,
saving, and investing based on their needs and risk capacity.
What I learned: Managing money is not only about earning,
but also about planning and discipline.
What is SIP (Systematic Investment Plan)?
SIP is a method of investing a fixed amount of money regularly
in mutual funds instead of investing a lump sum.
It helps in building investment discipline and benefits from
compounding over the long term.
What I learned: Consistency matters more than timing the market.