consumer finance

Consumer finance refers to the financial services and products available to individuals for personal use, such as loans, credit cards, mortgages, and savings accounts. It encompasses how consumers manage their money, borrow funds, and save for future needs. Key aspects include understanding interest rates, the importance of credit scores, budgeting, and the impact of debt on financial health. This field helps consumers make informed choices about spending, saving, and borrowing, ultimately aiming to enhance their economic well-being and financial literacy.