We've got 26 shorthands for money management »
Acronyms that contain the term money management
What does money management mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: money management.
Possible matching categories:
Term | Definition | Rating |
---|---|---|
MUM | Money Under Management | |
RMM | Retirement Money Management | |
RMM | Retirement Money Management | |
SUMM | Simple Uncomplicated Money Management | |
8M | Man, Machine, Material, Method, Measurement, Maintenance, Money, Management | |
SMMC | Student Money Management Center | |
QMM | Quality Money Management | |
MMI | Money Management Institute | |
SIMM | Students in Money Management | |
MMI | Money Management International | |
MIMM | Misadventures In Money Management | |
PMMC | Personal Money Management Center | |
MMSA | Money Management Share Accounts | |
PMMP | Protective Money Management Program | |
MMSA | Money Management Share Account | |
SMMS | Student Money Management Services | |
SMMS | Student Money Management Services | |
FIMM | Fidelity Investments Money Management | |
FIMM | Fidelity Investments Money Management | |
IMMP | Investor Money Management Plan | |
CMMP | Cougar Money Management Program | |
PAMM | Percentage Allocated Money Management | |
PAMM | Percent Allocation Money Management | |
IMMS | International Money Management System | |
DMM | Daily Money Management |
What does money management mean?
- Money management
- Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of one's money which is also called investment management. Money management is a strategic technique to make money yield the highest interest-output value for any amount spent. Spending money to satisfy cravings (regardless of whether they can justifiably be included in a budget) is a natural human phenomenon. The idea of money management techniques has been developed to reduce the amount that individuals, firms, and institutions spend on items that add no significant value to their living standards, long-term portfolios, and assets. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly esteemed "frugality" ideology. This involves making every financial transaction worth the expense: 1. avoid any expense that appeals to vanity or snobbery 2. always go for the most cost-effective alternative (establishing small quality-variance benchmarks, if any) 3. favor expenditures on interest-bearing items over all others 4. establish the expected benefits of every desired expenditure using the canon of plus/minus/nil to the standard of living value system. These techniques are investment-boosting and portfolio-multiplying. There are certain companies as well that offer services, provide counseling and different models for managing money. These are designed to manage grace assets and make them grow.
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"money management." Abbreviations.com. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.abbreviations.com/money%20management>.
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