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Money management is a term that refers to the process of controlling and organizing the money you earn, save, and spend. It involves making decisions about how to use your money in order to achieve your financial goals best personal finance app. Money management is a vital component of personal finance and is often referred to as “financial planning”. Money management is a skill that can be learned, but it is often overlooked. It involves making decisions about how to use your income to maximize your financial future. It requires you to have an understanding of your financial situation and develop a plan for managing your money.