Money Management
Money management is a financial concept and skill set focused on effectively handling personal or organizational finances through budgeting, saving, investing, and expense tracking. It involves making informed decisions about income allocation to achieve financial goals, reduce debt, and build wealth over time. This practice is essential for maintaining financial stability and planning for future needs.
Developers should learn money management to achieve financial independence, manage irregular income common in freelance or tech careers, and make smart investment decisions for long-term security. It's crucial for budgeting tech tool subscriptions, planning for career transitions, and avoiding financial stress that can impact productivity and job performance.