Money management is a skill that you will use for the
rest of your life. It’s
worth learning to manage your money wisely now. This way, you’ll get off
to a good start in the world of finances.
In this section, you’ll learn the main principles of money management.
Money issues may seem complex. But the principles of managing money are actually
simple. It’s putting them into practice that takes discipline.
To manage your money well, you’ll need a good
budget or spending plan. To determine your budget, you must first know
your income. You must also make a commitment
to saving. Finally, you’ll plan
your expenses. As part of your planning, you may set aside money
to start investing. You can
also donate to support your community.