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  1. May 6, 2024 · Personal financial management, or PFM, is the term used to describe the software that powers many different personal finance and mobile banking tools. Since it first took off in 1983, the software ...

    • Catherine Tymkiw
  2. Personal financial management. Personal financial management refers to "ways" or "methods" of managing ones own personal finances. It is also known by its acronym, PFM, which refers to the type of software used for personal finance apps. Simply put, PFM refers to software that helps users manage their money.

  3. This is why personal financial management (PFM) tools are so important for both consumers and the financial institutions, fintech apps, and other financial providers they choose to use. However, in today’s fragmented financial ecosystem and mobile-first environment, many PFM tools are evolving, consolidating, or disappearing .

  4. Feb 19, 2024 · Personal financial management (PFM) uses technology to help consumers navigate their everyday finances, including budgeting, tracking expenses and investing for retirement. Many banks already ...

    • David Mcmillin
  5. Jun 4, 2019 · Personal Financial Management or PFM refers to the digital tools that consumers use to manage their financial situation. Through clearer, digital categorisation of transactions, users can view budgets, analyse trends and track bills online.

  6. Personal financial management, or PFM, is the study and control of personal money by consumers. Thanks to the development of digital and mobile banking technology, PFM often refers to a kind of digital banking solution that enables users to manage their money online or through a mobile app.

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  8. Jan 2, 2024 · Personal financial management is how one manages money on a day-to-day basis, which ultimately shapes the broader trajectory of one’s economic well-being. Whether you plan to go on a dream vacation, buy a home, or simply enjoy a stress-free retirement, financial planning plays an important role in achieving these goals.