Money management: meaning, definitions and examples
💰
money management
[ ˈmʌni ˈmænɪdʒmənt ]
personal finance
Money management refers to the process of budgeting, saving, investing, and spending money wisely to achieve financial goals. It involves making informed decisions about how to allocate resources effectively.
Synonyms
budgeting, financial planning, wealth management
Examples of usage
- Good money management involves creating a budget and sticking to it.
- Investing in diverse assets is a key aspect of effective money management.
- Proper money management can lead to financial stability and security.
Translations
Translations of the word "money management" in other languages:
🇵🇹 gestão de dinheiro
🇮🇳 धन प्रबंधन
🇩🇪 Geldverwaltung
🇮🇩 manajemen uang
🇺🇦 управління грошима
🇵🇱 zarządzanie pieniędzmi
🇯🇵 資金管理 (しきんかんり)
🇫🇷 gestion de l'argent
🇪🇸 gestión del dinero
🇹🇷 para yönetimi
🇰🇷 자금 관리
🇸🇦 إدارة الأموال
🇨🇿 správa peněz
🇸🇰 správa peňazí
🇨🇳 资金管理 (zījīn guǎnlǐ)
🇸🇮 upravljanje denarja
🇮🇸 fjármálastjórnun
🇰🇿 ақша басқару
🇬🇪 ფულის მართვა
🇦🇿 pul idarəetməsi
🇲🇽 gestión del dinero
Etymology
The concept of money management has been around for centuries, with early forms of financial planning seen in ancient civilizations. However, the modern understanding of money management emerged in the 20th century with the development of various theories and practices in personal finance. Today, money management is considered a crucial skill for individuals and businesses alike, contributing to long-term financial success and stability.