Fjármálalífið
Fjármálalífið is an Icelandic term that translates to "financial life" or "economic life." It broadly encompasses all aspects of economic activity and financial management within Iceland. This includes the operations of banks, investment firms, insurance companies, and other financial institutions. It also covers the broader economy, including household finances, business investments, government spending, and the overall flow of money and capital.
The term can refer to the personal financial management of individuals, such as budgeting, saving, investing,