3. Money management is the process of budgeting, saving, investing, spending cash
usage of an individual.
4. Get organized. Create a list of your current bills. Print a month-long
calendar and record the due date of each bill. Paying your bills on
time will help you avoid charges and fees.
Money management tip
5. Banks pay you for depositing money in
your savings account. This payment is
called interest. The amount of interest
received depends on an annual
percentage rate attached to your
account as well as the “principal,”
which is amount deposited.