Developing a monthly budget as part of your annual financial plan to determine excess cash or cash deficiencies, and then developing a plan to invest (or fund) the excess (deficient) cash position is a process called
A) personal financial accountability.
B) money management.
C) liquidity management.
D) budgeting.

Question

Quizplus · Accepted Answer

Money management involves creating budgets to understand and make decisions about where your money is going. It includes tracking expenses, planning for future financial goals, and managing cash flow to ensure you can cover your current expenses while planning for future investments or savings.

Developing a Monthly Budget as Part of Your Annual Financial