What is not one of the main components of money management is tracking interest rates. Money management is a strategy to make money work by tracking expenses and financial factors.
The components of money management are:
- Personal financial statements
Through these three components, a person is able to analyze, manage, control and review their finances to keep their inflows and outflows, investments and financial needs under control.
It is therefore essential for an individual to learn more about money management, to avoid debt, undue expenses and losses arising from mismanagement of their personal finances.
The correct answer is letter C.
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