Question

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

Answer 1

Proper Money Management:

Money management is the process of saving, budgeting, spending, investing, or otherwise management of the capital usage of a group or an individual.  Managing our money takes time to understand and to improve on and to master, it takes dedication and a solid understanding of our financial situation. These are the first steps in effective money management.

There are different ways for proper money management such as: creating a  budget  and sticking to it which helps us understands with clarity and full transparency our financial situation; keeping track of all your expenses so as to have all our expenses accounted for; creating an emergency funds and we must not touch or take money out of the fund and allow it to earn interest to use for rainy days; start saving for retirement early so as to live a peaceful life after retirement; reduce or slash unnecessary expenses; and we must understand our income and expenses and have a thorough understanding of the money coming in and the expenses going out.

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

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Short note on proper money management on easy english

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Answer 2

Proper Money Management

Explanation:

• Money management is the method of saving, spending, investing, or otherwise management of the capital usage of a group or an individual.  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. Money management is the way of saving, spending, investing, or otherwise management of the capital usage of a group or an individual.  
• 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 more involvement and a solid understanding of our financial situation. Proper Money management is very important for living a better life. We should always be in a position to decide on how to spend the money.

To learn more:

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

https://brainly.in/question/4304366

2. What is money management:

https://brainly.in/question/1042380