The Managing Money IQ Matrix will provide you with many financially sound principles, tips and guidelines that will help you to manage your money far more effectively and build long-term wealth in your life. The mind map outlines the critical elements of money management; introduces the concept of an emergency fund; and delves into the benefits and principles of budgeting.
Here is a quick breakdown of each branch of the Managing Money IQ Matrix:
- Money Management 101: Outlines the critical elements you must focus on and the things you must avoid at all costs when it comes to managing your money more effectively.
- Emergency Fund Basics: Introduces you to the concept of an emergency fund and provides you with key principles and tips to help you create and manage your emergency fund on a consistent basis.
- Budgeting 101: Delves into the basics of budgeting outlining the benefits, rules and the budgeting formula you are encouraged to use to manage your money far more effectively throughout the week.
- Budgeting Tips: Provides you with some simple yet extremely effective tips that will enable you to budget and manage your income like a financial professional.
Stick with these principles, memorize and incorporate them into your money management practices and you will progressively develop the necessary habits and skills that will help you to achieve a strong and sound financial life.