Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off. Though for me I don't make any money yet, but I hope to have a good rate.
I think that I would lower the amount of junk food I buy, or the amount of take out I eat. I could also drive less, so I don't have to pay a lot of money for gas, or repairs for the car. When you buy things or spend money, that is you loosing money for other things. Like I said above, it is important for you to save money for bills.
Hope I helped on this one to!
