Money management refers to:
A. preparing personal financial statements.
B. day-to-day financial activities.
C. storing financial records for easy access.
D. spending money on current living expenses.
B. day-to-day financial activities.
Money management refers to the process of effectively and efficiently managing one's personal finances. This includes making wise decisions regarding income, expenses, saving, investing, and debt management. It involves various day-to-day financial activities such as budgeting, tracking expenses, setting financial goals, controlling spending, saving for emergencies, and planning for the future. Money management is essential for achieving financial stability and long-term financial success.