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Transcript of Money Management
What is money management?
The process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual or group.
The Benefits of Good Money Management
1.Give you control over your money
2.Keep you focused on your money goals
3.Makes you aware what is going on with your money
4.Help you organize your spending&savings
5.Make you decide in advance how your money will work for you
"Little drops of water make the mighty ocean"
Methods for mastering your money
Develop a budget
After you have tracked your spending for a few weeks (or months), use the data you collected to develop a budget. According to The Millionaire Next Door, budgeting is one thing that sets the wealthy apart from the rest of us — 55 percent of millionaires keep a budget.
Thank You! : )
"9 Methods for mastering your money."
. 17 Nov 2012. Web.
24 Jul 2015.
"10 benefits of budgeting your money."
. April 2013.
Web. 23 Jul 2015.
Groth, Cindy and Livingston, Mari. "Money Management for students."
Winona State University.
2012. Web. 2 Jul 2015.
Stephenson, James. "The Basics of Money Management."
2015. Web. 23 Jul 2015.
Money management is the process of knowing where you are spending your money today and having a well-thought-out plan to place for where you want it to go in future.
Track every penny you spend
It doesn’t matter how you track your spending — the most important thing is to track it.
* You can use a cash notebook.
- You can use an online tool like Mint or Quicken Online.
You can use a piece of software like Quicken or Microsoft Money.
Let's learn and find about knowledge for background of self-development money through books,
article, and magazine.
(Ex. Successful story, ideals way of money management)
Yoko Shibata, Ziyao Dong, Junlu Jin,Youngjin Kim, and Sulaiman Alessa
Examples of students budgets
Two Bellevue college students