Resource allocation is to scarcity as prioritizing personal finances is to what?

Resource allocation is about how we manage limited resources, like money or time, when there is not enough to satisfy everyone's needs. Similarly, prioritizing personal finances means deciding how to spend your money wisely when you have a limited income. Just as scarcity forces us to make choices about what to allocate resources to, personal finance requires us to choose between needs and wants. For example, if you earn $100 a week, you might need to decide whether to spend it on groceries or a new video game. Both situations involve making choices to use what you have in the best way possible.