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25 October, 18:26

Which is NOT a money management skill discussed in the reading material?

a) Estimating expenses

b) Managing your time in a healthy manner

c) Formulating a budget

d) Saving for emergencies

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Answers (1)
  1. 25 October, 22:21
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    Option B. Managing your time in a healthy manner

    Explanation:

    The reason is that the money management moves around the money and managing time has no association with the money savings or money generation or money spending. So the things that matter while managing the flow includes the estimation of cash outflow and inflow in the coming period, budgeting the cash flow, least cash amount required to tackle emergent issues and other issues like opening saving account, short term investment, etc.
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