s: 2 points each. #1. #2. Compose your own definition of the term money management. Do not use book or powerpoint definition. What are three components of money management? List and explain each component. #3. #4 #5 What are the 5 benefits of an organized system of keeping financial records and documents? Explain each in multiple sentences. What are some ways in which you could make savings easier in your own life? Explain whether an envelope system, as shown in the video could work for you. Give the rational for your answer. Each statement should be in the format as shown in examples on page 55 and page 58. Make sure you have an Asset, Liability and Net Worth section on the personal balance sheet. It isn't required you classify assets and liabilities into types, although you can if you want. You also don't need to classify expenses as fixed or variable, you may make 1 list of expenses, however