How to use money

Money is a medium of exchange which acts as an intermediary market good. Without money, the production and exchange of anything but the most rudimentary goods and services is impossible. The way you spend your money today will determine what you have six months from now, a year from now, five years from now, or in your lifetime. You are responsible for the amount of money you earn and for the amount of money you spend.

Successful money managers control the way they spend their money. They use money to accomplish the things that are important to them. Good money managers manage their money rather than letting it dribble away from them. The ability to manage money has to be learned, developed, and practised on a daily basis.

This book has been written for financial managers and business students interested in the practice of money management. It provides guidelines and techniques for using money wisely. The topics discussed include: how to spend your money, how to use money for business, how to analyse your financial position, how to keep financial records, how to distribute money among employees, how to save your money, how to invest your money and how to make money.