Definitions for money management
money man·age·ment

WikipediaRate this definition:0.0 / 0 votes

1. Money management

   Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of one's money which is also called investment management. Money management is a strategic technique to make money yield the highest interest-output value for any amount spent. Spending money to satisfy cravings (regardless of whether they can justifiably be included in a budget) is a natural human phenomenon. The idea of money management techniques has been developed to reduce the amount that individuals, firms, and institutions spend on items that add no significant value to their living standards, long-term portfolios, and assets. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly esteemed "frugality" ideology. This involves making every financial transaction worth the expense: 1. avoid any expense that appeals to vanity or snobbery 2. always go for the most cost-effective alternative (establishing small quality-variance benchmarks, if any) 3. favor expenditures on interest-bearing items over all others 4. establish the expected benefits of every desired expenditure using the canon of plus/minus/nil to the standard of living value system. These techniques are investment-boosting and portfolio-multiplying. There are certain companies as well that offer services, provide counseling and different models for managing money. These are designed to manage grace assets and make them grow.

WikidataRate this definition:3.0 / 2 votes

1. Money management

   Money management the process of managing money which includes investment, budgeting, banking and taxes. It is also called investment management. Money management is a strategic technique employed at making money yield the highest of interest-yielding value for any amount of it spent. Spending money to provide all cravings is a natural human phenomenon. The idea of money management techniques is developed to plummet the amount individual, firm and institutions spends on items that add no significant value to its living standard, long-term portfolios and asset-basins. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly-esteemed "frugality" ideology. This is the making every expense made to be worth it: 1. avoid any snob-appealing expense 2. always go for the most cost-effective alternative 3. increase expenses more on interest bearing item than any other thing 4. establish the expected benefits of every desired expense using the canon of plus/minus/nil to standard of living value system. These techniques are investment-boosting and portfolio-multiplying.

How to pronounce money management?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say money management in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of money management in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of money management in Pythagorean Numerology is: 3

Examples of money management in a Sentence

1. Darren Sanchez:

   The challenge was to create a fun, action-packed story while also including a lesson on personal finance, trying to squeeze educational information into a story can be tough, especially with a topic like money management. To make it work you have to be careful not to overwhelm the story.

2. Randi Bangerter:

   There is usually an in-person award ceremony in the spring, so we will have to see whether or not we can have one this year, my favorite thing about being a Girl Scout is learning new skills and money management and about becoming a better person and a better leader.

3. Shannon Bagly Busby:

   So they come to us wanting one thing, but they get all of these other services that are offered to them, they can have sonograms, they have baby boutiques, earn where you learn, that goes anywhere from teaching them about the first trimester to money management.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Money_Management
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=money management