MONEY MANAGEMENT

Running head: MONEY MANAGEMENT
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Money is a huge part of one`s life and it can determine what an individual can do and where he/she can go. Learning how to manage money the right way is an important step towards taking control of an individual`s life. It should be understood where money is coming from, where it`s going to, and how to make sure that the way you manage your money falls in line with the values that matter most to you.
Making a habit of saving is the first important thing one should be in mind to have good management of all the money income. Before an individual go for managing money, he/she will be required to save it and make it visible and accessible to him/her. If you are a salary earner then grant first priority to a certain amount of money which should be saved in other account or other saving medium of your choice and if you are a apart time worker or a self employed then you can save it on every day or weekly basis thus when saving money in bank or other saving medium, it helps one to keep a close track of the earned money.
For money management, making a fine budget will help one to reduce spending and keeping a track and control of his/her spending habits of money. A fine budget will arbitrator where your money...