money management
Handling your finances
Money management is the practice of budgeting, saving, investing, and spending money wisely.
The term covers both personal finance—She took a class on money management after her divorce—and professional oversight of funds for clients or institutions.
Good money management implies discipline and planning; poor money management suggests living beyond one's means or failing to save.
Accumulated money kept
- piggybankChild's savings container
- depositPlace for safekeeping
- nest eggSaved money for later
- emergency fundReserve for unexpected expenses
rainy day · accumulate · interest · compound · reserve · frugality · goals · automatic transfer
Plan for spending
- expensesMoney spent on things
- incomeRegular monetary receipts
- allocationDistribution of shares
- spreadsheetTabular data organizer
planning · forecasting · bills · cashflow · envelope system · accounting · expenditure · outgoings
Collected works or assets
- assetsOwned items of value
- stocksOwnership stakes or inventory
- bondsTies that unite
- mutual fundsCollectively managed securities portfolios
diversification · returns · risk · securities · shares · dividends · ETFs · index funds
Recognition or payment deferral
- loansBorrowed money arrangements
- repaymentGiving back what's owed
- interest rateCost of borrowing money
- principalChief school administrator
consolidation · refinancing · amortization · minimum payment · payoff · balance · creditworthiness · leverage
Employer-sponsored retirement savings
- IRATax-advantaged retirement fund
- pensionRetiree's ongoing benefit
- nest eggSaved money for later
- annuityPeriodic fixed payment
social security · Roth · employer match · vesting · contribution · withdrawal · retirement age · drawdown
savings
Accumulated money kept
emergency fund · rainy day · accumulate · interest · compound · reserve · frugality · goals · automatic transfer · sinking fund
budget
Plan for spending
- expensesMoney spent on things
- incomeRegular monetary receipts
- allocationDistribution of shares
spreadsheet · planning · forecasting · bills · cashflow · envelope system · accounting · expenditure · outgoings · tracking
portfolio
Collected works or assets
mutual funds · diversification · returns · risk · securities · shares · dividends · ETFs · index funds · allocation
credit
Recognition or payment deferral
- loansBorrowed money arrangements
- repaymentGiving back what's owed
- interest rateCost of borrowing money
principal · consolidation · refinancing · amortization · minimum payment · payoff · balance · creditworthiness · leverage
401k
Employer-sponsored retirement savings
annuity · social security · Roth · employer match · vesting · contribution · withdrawal · retirement age · drawdown
- finance booksinvestment strategies, retirement planning, passive income, value investing, growth investing
- financebank, CFO, banks, controller, treasurer
- personal financesavings, income, credit, investments, bills
- adult classescooking classes, art classes, computer classes, yoga classes, dance classes
- budgetingbudget, budgets, budget app, budget template, budget allocation
- Consumer Financecredit, credit cards, credit score, credit scores, credit reports
money managementreckless spending
Careless use of funds
profligacy · squandering · extravagance · overspending · living beyond one's means
money managementfinancial neglect
Failure to manage funds
head in the sand · living paycheck to paycheck · burying one's head in the sand
money, manage, finance, manager, management, managed, financial, mismanage, manages