This Blog is about Effective money management is a crucial life skill that empowers individuals to take control of their financial destinies. Whether you're a recent graduate starting your career or a seasoned professional navigating the complexities of life, honing your money management skills is key to achieving financial wellness.At its core, money management involves creating a realistic budget, tracking spending, and making informed financial decisions. One fundamental aspect is understanding your income and expenses. Begin by categorizing your spending habits, differentiating between necessities and discretionary expenses. This insight allows you to allocate funds strategically and prioritize financial goals.Building an emergency fund is another cornerstone of money management.
https://iimskills.com/money-management-skills/