Money management

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Money management

Related: Investment management.

Money Management

1. The act or practice of an investment advisory firm making investment decisions on behalf of a client. Money management often opens up more potential investment vehicles up to the client. Another advantage is that, theoretically, money managers have more knowledge and experience in making appropriate investment decisions than the client. This is also called investment management.

2. The act or practice of handling one's personal finances. Money management involves paying the bills, making investments, and paying taxes.
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