Money Management It is to know how much money you are spending now and make a plan in much money you want to spend for the future to achieve some goals, such as, saving money, do not spend more money than what you earn to avoid getting into debt. If you do not have a good use of your money and you are spending more than your incomes you can have serious problems and consequences like:
Get into debt: It happens when your expenses are more than your income. You do not have control of your money: That is the reason why you have to know how much you are spending, if you do not know it, you cannot change it. You do not save any money: If you're a self-starter and you have a lot of plans on improve your life style it can be an obstacle. You are not prepared for emergencies: You do not know when an emergency can occur and if you do not have money, you even can die. You do not know what it is happening with your money: If you work hard but, if you do not invest well your money all your efforts is not worth it. You can get sick: If every month you have more and more debts your worries every month are going to be more, you do not know what it is going on and you do not know what to do. Get stress: The humans by nature like to have the control and if we lose it, we have to recover it. Go to jail: If you do not pay your debts and the lenders do not have other option they could put you in prison. Lose your house: If you get a mortgage and you do not pay it, you could lose your home.
If you want to learn how to have good money management here are some advice:
Set you goals If you want to save money, at least begin to pay your debts on time, you have to make a plan and ask yourself that exactly do I want?  
When do I want it? What am I going to do to achieve it?
It is very efficient to have a direction so that you are going to know exactly what you are going to do and how much it will cost. You know that achieve your goal is not easy but you always have to work hard if you want good results.
Be ready for everything Not everything will happen according to the plan maybe you agree to spend Q200.00 in food per month but, you have a meeting with your friends and you spend a little bit more, you have to think quickly, you spend more in food but, you can spend less in your car using the public transportation.
Be tidy Maintain all the documents in order and in a specific place, any person is perfect maybe one day someone charges you for something you already paid and nothing is better that having your paid bills that prove that your are debt free.
Have a record of your incomes and expenses One of the current mistakes of the defaulter is that they do not know how much money they are spending until they get into debt. It is very important to know if your expenses adjust to your incomes and the best would be that they are less than your incomes so, you can save money for any emergency.
Create a budget The budget is to add all your income and all your expenses and make a plan on how much money you are going to spend in what, to avoid spending more money than what you already have. The budget is very important, that's why there are many people who live indebted because they do not make a good use on their money and they do not know that with a budget they might solve many problems, the same way they might realize that perhaps they are spending in things that are not so important. The budget helps all of us, since we can have a control of our income and expenses and thus, do not spend more money than we really have it.
Save money This is not as simple as it sounds, in the current life all the prices are very high that being able to pay all the debts every month it is an achievement although, it can be very difficult, in long term, it gives us a lot of benefits, such as, you can invest in a new house or car, to begin a company and it gives us the opportunity to be prepared for any emergency without needing a loan that leave us indebted.
Human behavior toward money. Money change a person´s life, change when the people think different. Someone change for good and the others change for bad. Some people use the money to help the people that don’t have anything or that don’t have the necessary resources. Others change and are proud that don´t help to people and thinking that it has everything, but the truth is that we don't have anything, because they may have a lot of money, but if they do not have the love of their family they have nothing and can´t be happy. The bad use of the money: • Many people use the money to buy drugs or acquire addictions. • Others buy people to make bad things to others people. • Buying things you don`t need or will never use
The money has been evolving in the past few years, it is used in all the monetary transactions that people all over the world do. But, what we have to know about the money?
M
oney is not that piece of paper that is used to change something from another one. In the past people change their objects from another thing in a system that they used to call “Barter”. Nowadays we use the money to make transactions, and all the countries have a different currency, some countries with the years changed their national coin or the currency to another of other country that is more used now, the dollar is the currency of the United States of America that is used in North America and in some countries of Central America.
The coin of the countries has been evolving in the past few years, for example the currency of Guatemala is the Quetzal. Actually there’s another “coin”, that is the bill, used in here. Those bills are Q1, Q5, Q10, Q20, Q50, Q100, Q200. The Guatemalan money has different colors each one; it helps to differentiate one from another. The colors are the following Q1.00 Green, Q5.00 Lilac, Q10.00 Red, Q20.00 Blue, Q50.00 Orange, Q100.00 Sepia, and the Q200.00 turquoise. The money is controlled by The National bank of a country. Every country has a National Bank, which is in charge of controlling the money. Also it regulates money that is used in the country.