Money management is the process of managing your personal finances to live better with fewer financial worries. It involves budgeting and setting goals, monitoring expenses, and making the most from your money. Through money management, you can build an emergency fund, pay off debt, and save for your future. Money management is particularly important when you’re trying to make ends meet or find ways to make your money stretch further. Taking control of your finances now means having more later when you need it. With effective money management strategies, you can start achieving financial freedom.