Which of the following is a component of money management?

Question

Quizplus · Accepted Answer

All the listed options are components of money management. Storing and maintaining personal financial records helps to monitor expenses and income. Creating a balance sheet helps to understand the net worth. Creating and implementing a plan for spending and saving plays an important role in meeting financial goals. Creating a cash flow statement provides a clear idea of incoming and outgoing cash, which helps in setting priorities for spending and saving.

Which of the Following Is a Component of Money Management