MANAGEMENT

Detailed explanation-1: -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-2: -Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing, and protection. The process of managing one’s personal finances can be summarized in a budget or financial plan.

Detailed explanation-3: -Money management is the process of tracking expenses, investing, budgeting, banking, and assessing tax liabilities; it is also called investment management.

Detailed explanation-4: -Personal finance, as a term, covers the concepts of managing your money, saving, and investing. It also includes banking, budgeting, mortgages, investments, insurance, retirement planning, and tax planning.

Detailed explanation-5: -A spending plan (also called a budget) is simply a plan you create to help you meet expenses and spend money the way you want to spend it.