How can understanding effective personal finance strategies improve your life?

we all now finance refers to the science of money management, of a person have good knowledge or understanding about finance and can make effective strategies about personal finance, s/he can manage money or wealth very effectively. in other world understanding effective personal finance strategies helps a person to manage his/her wealth and money properly, s/he can be responsible in mobilisation of capital,s/he xan find out right area for investment, s/he can pay tax on time and s/he can keep balance between consumption and savings and can ease human activity

Explanation:

I don't need to explain it , it is given above

answer; ethnocentrism;