Money Management

Money management is the process of budgeting, saving, investing, spending or otherwise overseeing the capital usage of an individual or group.

Money management refers to how you handle all aspects of your finances, from making a budget for where each paycheck goes to setting long-term goals to picking investments that will help you to reach those goals.

“Money management is the process of knowing where you are spending your money today and having a well-thought-out plan in place for where you want it to go in the future.