Money management is the art of earning money, keeping money and knowing how to use money.  This includes saving, budgeting, filing/organizing, taking out loans,  and having credit.

Managing money is an important skill at any age.  Learning when to spend and when to save, as young as possible, can even help you retire early.  Normally, thinking that far ahead is out of the question when you really want to buy something.  But, it is a great feeling when you save up money for something truly special.

Managing your money well is a win-win situation because...

• You will have money when you need it.
• If you show that you are responsible with money you will get more privileges.