Money Management 💸 Money management is the process of budgeting, saving, investing, and spending money wisely to achieve financial stability and long-term goals. Effective money management starts with creating a clear budget that outlines income, expenses, and savings. This helps individuals understand where their money is going and make informed financial decisions. One of the key principles is living within one’s means—spending less than what is earned. This prevents debt accumulation and encourages saving. Establishing an emergency fund is also important, as it provides a financial cushion for unexpected expenses. Setting short-term and long-term financial goals, such as buying a home or saving for retirement , helps guide spending habits and motivates consistent saving. Tracking expenses, avoiding unnecessary purchases , and reducing debt—especially high-interest debt—are crucial steps. Additionally, investing wisely can grow wealth over time. Tools like financial apps...