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What is TRUE about the three main components of money management?

A.
Financial records are not always required when managing money.

B.
Budgeting involves figuring out your personal net worth.

C.
Filing taxes is the most important component.

D.
Each of the components is connected and builds off of the others.

Respuesta :

vasywyn

Answer:

is D or B. Success to the homework.

The components of money management can be given to have been connected and formed to build off of the others. Thus, option D is correct.

What is money management?

The process that has been mediating with budgeting, saving, investing, or using financial capital is termed money management. Money management is required with the proper use of the process that is formulated with consistency, timeliness, justification, documentation, and certification.

The main components of money management are:

  • Financial records,
  • personal financial statements,
  • Budgeting

The correct use of the money management components forms the financial establishment.

Money management is given with the three main components connected with each other, while the formed with the build off to the others. Thus, option D is correct.

Learn more about money management, here:

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