WordPress Custom User Pages

Hi,
I want to create a ‘Favorite Posts’ page for my registered users. I want the users to have ability to mark a post as ‘favorite’. And then by going to Favorite Posts page (after log in ofcourse), they will see lists of posts they marked as favorite.

Can someone guide me in right direction with some plugin or help. I am a developer.

Thanking in anticipation.
Best Regards.