Money management refers to:

Question 1 options:

preparing personal financial statements.

day-to-day financial activities.

storing financial records for easy access.

spending money on current living expenses.

The correct answer would be B, Day to Day Financial Activities.

Explanation:

In simple words, money management is the process of managing your money in day to day activities. Management of Money involves keeping track or record of expenses, investing your money, involvement of bank transactions, taxes deductions, savings, etc. When a person is involved in day to day financial activities, he is actually involved in Money Management. Money management is simply how a person uses his capital and manages it efficiently. To manage your money, you must have some core skills like being a conscious customer, make budgets, balance your check book, make savings to invest somewhere, etc.

Day-to-day financial