ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Money Management
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Spending
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Saving
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Credit
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Detailed explanation-1: -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.
Detailed explanation-2: -What is the 50/30/20 Rule of Budgeting? The 50/30/20 rule of budgeting is a simple method that helps you manage your money more effectively. This basic thumb rule is to divide your post-tax income into three spending categories – 50% for needs, 30% for wants, and 20% for savings.
Detailed explanation-3: -What Is Money Management? Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. The term can also refer more narrowly to investment management and portfolio management.
Detailed explanation-4: -Your Financial Plan Should Be Unique To You. Intelligently Invest For The Long Term. Diversify, Diversify, Diversify. Set Realistic Goals. Plan Professionally For Your Future. 04-Apr-2022
Detailed explanation-5: -Write Down Your Goals. Create a Budget that Supports Your Goals. Automate Your Savings. Use Sub-Savings Accounts. Pay Off Your Debt. Leverage Good Debt. Review Financial Statements. Identify Useless Purchases. More items