Which of the following is an example of personal finance management?

Personal finance management encompasses a broad range of activities that individuals engage in to effectively manage their financial resources. This includes budgeting, saving, and planning for financial goals, which are all vital components of a sound financial strategy.

Budgeting helps individuals allocate their income towards various expenses, savings, and investments, ensuring they live within their means. Saving enables people to build a financial cushion for emergencies as well as for future needs, like retirement or education. Planning for financial goals involves setting specific objectives, whether they're short-term, like going on a vacation, or long-term, such as buying a house or funding a child's education, and devising actionable steps to achieve these targets.

In contrast, focusing solely on investments, studying economic policies, or concentrating purely on loan repayment may address specific aspects of financial management but do not encompass the holistic approach that personal finance management requires. Personal finance management is about creating a balanced and comprehensive strategy to achieve overall financial health and well-being.