Question

Define the term money management.

Answer 1

Money management is the technique used by people to budget their expenditures and increase or regulate the sources of income.

Money management is an economic term and is mostly used in the field of business but this term is used commonly as well where people look for ways to save money and budget their expenses.

Money management is a must strategy for the people who really want to achieve something in their lives.

Answer 2

Money management is the method of saving, spending, investing, or otherwise management of the capital usage of a group or an individual.  

Explanation:

• Managing our money involves time to understand and to improve on and to become expert, it takes more involvement and a solid understanding of our financial situation.  

• There are multiple ways for proper money management. Such as creating a financial plan and sticking to it which helps us understands with clarity and full transparency our financial situation.  

• Managing our money involves time to understand and to improve on and to become expert, it takes.

To learn more:

1. Write a short note on proper money management (50 words):

https://brainly.in/question/4304366

2. Write short note on Proper Money Management in 150 to 200 words:

https://brainly.in/question/4544372