..... 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

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ 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.

A	banking
B	money management
C	pay check
D	none of the above.

Explanation:

Detailed explanation-1: -Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, and retirement, tax, and estate planning.

Detailed explanation-2: -A comprehensive budget-that is, a budget covering all aspects of financial life-will include a projection of recurring incomes and expenses and of nonrecurring expenditures.

Detailed explanation-3: -Create a budget: Making a budget is the first and the most important step of money management. Save first, spend later: Set financial goals: Start investing early: Avoid debt: Save Early: Ensure protection against emergencies:

Detailed explanation-4: -Make a personal budget. Track your spending. Save for retirement. Save for emergencies. Plan to pay off debt. Establish good credit habits. Improve your money mindset.

There is 1 question to complete.

ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT