What is money management?

In personal finance, money management is a process. This process includes steps like budgeting, spending, saving and investing. Due to different individual goals, risk, amount of savings, spending habits and lifestyles and many other factors, process of money management/plan for individuals are different. However, the fundamental or basic principles can be commonly shared.

Managing your money needs some basic knowledge of personal finance and investments. Because knowledge makes it easy to handle the money matters wisely. Money management is a key to improve your financial situation and learning the basics of money management will help you make it happen.

https://beacons.page/adityamulukuri