Money Management Coaching

Money management refers to the terms such as budgeting, saving, investing, spending, or otherwise keeping an eye on the capital usage of an individual or group. The term can also refer more narrowly to investment management and portfolio management.

The predominant use of the phrase in financial markets is an investment professional making investment decisions for large pools of funds, such as mutual funds or pension plans.

•  The processes which are wildly utilized to record and administer an individual's, household's, or organization's finances are broadly categorized as money management.
• Financial advisors and personal finance platforms such as mobile apps are increasingly common in helping individuals manage their money better.
• Poor money management can lead to cycles of debt and financial strain.

The principle of good money management requires knowing where you stand in terms of your assets and your financial obligations. When you deduct your assets from your financial obligations, what you get is the total net worth of your money. If your liabilities are more than your assets, your net worth will be negative. But with proper and strategic money management, you can reverse it.