Money management involves several things.  It involves everything from the creation of a budget, to the maintenance of emergency cash reserves.  Some of us live rigidly by our budget constraints, and others merely check the balance at the end of the month to see if there’s anything left.  Most of us fall somewhere in the middle.

From a financial planning standpoint though, having a budget is critical.  How can you know where you’re going if you don’t know where you are?