When an individual or a family manages the ways in which monies are budgeted, saved, invested, preserved for future life events, and protected against risks, it is called ________
A) personal management
B) corporate finance
C) corporate management
D) personal finance
E) fiscal irresponsibility
D
Explanation: D) When an individual or a family applies principles of finance to managing the ways in which monies are budgeted, saved, invested, preserved for future life events, and protected against risks, it is called personal finance. In its simplest form, personal finance is about setting goals, making choices, and following through. Ultimately, a person or family needs to have a plan for reducing expenses and increasing income and assets.
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