Money management is about how successfully and efficiently we manage our expenditures, not about what percentage of our income we make, therefore you don't need a higher-paying job to spice up your finances. For many people, better money management is all it takes to cut back on spending, increase their capacity to budget and save, and accomplish previously unattainable financial objectives. To put it another way, money management is the act of creating a budget, tracking costs, saving, managing an investment portfolio, or otherwise supervising someone's or a group's capital utilization. I've included some golden principles for managing our finances below.