The importance of money management should not be overlooked. Money management is a life skill that gives you a 360-degree overview of your finances and wealth. It helps paint a picture of your income and provides you with several simple techniques and strategies you can use to preserve and increase your wealth. For this transformation, you need to learn to manage it effectively and efficiently. Determination, discipline, hard work, patience, and persistence are invaluable life skills that bring you a step closer to your financial goals. One ingredient most forget about is the role that money plays. Money might not buy happiness or automatically fulfill all your goals, but it makes life easier.