I will to send my greetings to my professor @stream4u for his great work. Today I will like to share with you my Week-7 homework post.

The Main Topic (Money Management)

What is Money Management

Money management refers to the various ways to handle all component of capital resources, that may help you to save for the future and in other to control the intake of your finances or money, which will help you to reach those goals. Money management can also defineas a strategic way to make money yield the highest interest-output value for any amount spent. Is it very much important to manage your money or finance. We always manage our finanace for future purposes, as a business person for you to expand your business it is very much important to manage a little money that you have have.

Future plan on your Money Management.

There are some ways that may help you to plan your money or save some capitals in the near future and they include

Know the amount you’re saving for
Make sure your saving goals are genuine.
Find ways to reduce your intakes.
Create a budget for yourself.
Pay yourself first.
Consider how to increase your savings over time.
Stick to what you have planned for.
Etc

Know the amount you’re saving for

Before someone plan his finanace that person supposed to know the reason why he or she is saving. Though it is better to save but you supposed to know the purpose for you to be serious or consistent on what you are doing.

Make sure your saving goals are genuine

Once you you know the purpose of your past the daydreaming phase, you’ll want your goals to be more concrete. In other to make your saving goals smart, your finances should be pinpoint, you have to know the value or amount you have. And what what you are doing should be accurate and should have history.

Find ways to reduce the intakes

Since you are planning your finances for the future, you should find a way to reduce your financial intake. We waste alot of our finanaces on things which are not important.Some examples would be a physical therapy membership you don’t use or can replace by jogging, skipping in or around your house, a subscription to internet access that you don't visit such as netflex, youtube and others that consumes alot of internet bundle can be replaced with watching television shows, seanal movie's on your desktop computer or laptop to reduce cost or online movies can be download for watching, watching football match or game at the stadium can also be replaced by watching television in your own house or playing of soccer game or video game or computer games in your house.

Create a Budget For Yourself

It is very important to make a budget on your finances for better use of your finances. Budgeting can help you to reduce the intake of your financial resources.

Stick to what you have planned for

It is very important to be discipline on the things you have planned. If you are not discipline, then it is not important to manage your finances.

Portfolio Management

A portfolio refers to gathering of investment tools like annual income, deposit and everything that will help the investor's capital in his own way .Portfolio Management is simply the collection of assets in which you have invested.