Money management is a broad term that encompasses the practices of budgeting, saving, investing, and spending money. It involves understanding how to use financial resources in order to achieve one's goals. FINANCE is the practice of managing money, including investments, borrowing, and lending. ECONOMY is the study of how goods and services are produced, distributed, and consumed. Editors are responsible for overseeing the accuracy and quality of written material. All three of these terms are related to money management, as they all involve the use of financial resources.