Management of Family Resources

Lesson 33 : Management Of Money

Introduction

Money management is an organized, goal-oriented system of allocating and controlling human, economic and environment resources to achieve specified goals that are usually purchased with economic resources.

Money includes carrying notes, online, cheques, draft, bill of exchange and other securities used for business transactions. All of them do not perform all functions of money. They are the representation of money. The most important characteristic of money is its acceptability in the country / community to which it belongs.