What you need to know,The practise of handling your money to meet your financial objectives is known as personal finance. Budgeting, saving, investing, and retirement planning are all included. A new method of handling personal finances called “next gen personal finance” takes into consideration both the requirements of the younger generation and the state of the economy.
What identifies next-generation personal finance?
Financial education: Financial literacy is emphasised in future-oriented personal finance. This involves being knowledgable about various personal product and service categories, how to manage your finances, and how to make wise financial choices.
Technology:Technology is used in next-generation personal finance to simplify money management for users. It involves automated investing platforms, smartphone applications, and online banking and budgeting tools.