What does MONEY MANAGEMENT stand for?
What does MONEY MANAGEMENT mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: MONEY MANAGEMENT.
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What does MONEY MANAGEMENT mean?
- Money management
- Money management the process of managing money which includes investment, budgeting, banking and taxes. It is also called investment management. Money management is a strategic technique employed at making money yield the highest of interest-yielding value for any amount of it spent. Spending money to provide all cravings is a natural human phenomenon. The idea of money management techniques is developed to plummet the amount individual, firm and institutions spends on items that add no significant value to its living standard, long-term portfolios and asset-basins. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly-esteemed "frugality" ideology. This is the making every expense made to be worth it: 1. avoid any snob-appealing expense 2. always go for the most cost-effective alternative 3. increase expenses more on interest bearing item than any other thing 4. establish the expected benefits of every desired expense using the canon of plus/minus/nil to standard of living value system. These techniques are investment-boosting and portfolio-multiplying.