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Chapter 02 Money Management Skills True / False Questions 1. Money management refers to day today financial activities necessary to manage personal economic resources while working toward long term
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Step 1: Start by creating a budget. Determine your monthly income and expenses, including fixed expenses like rent or mortgage payments, utilities, and loans.
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Step 7: Seek professional help if needed. If you find it challenging to manage your finances or need expert advice, consider consulting a financial advisor.
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Who needs money management refers to?

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Anyone who wants to effectively manage their finances can benefit from money management techniques.
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Money management refers to the process of budgeting, saving, investing, and controlling one's finances.
Anyone who wants to effectively manage their finances and achieve their financial goals.
One can fill out a money management plan by creating a budget, tracking expenses, setting financial goals, and adjusting as needed.
The purpose of money management is to ensure financial stability, achieve financial goals, and make informed financial decisions.
Information such as income, expenses, assets, liabilities, debts, savings, investments, and financial goals must be reported in money management.
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