Question

Drag each label to the correct location on the image. Match the financial activities to their relevant management type within the wealth management phase.
Cash Management --- Credit and Debt Management

keeping an emergency fund
reducing credit use
spending plans
stop credit misuse
debt reduction cash reserve
recording income and spending
paying off credit cards

Answer 1

Cash management:

-Keeping an emergency fund, as this is keept in cash in case of extraordinary expendings.

-Reducing credit use, as this would increase cash using.

-Spending plans, due to the fact that plannification would organize the amount of cash that the person would keep in order to face off day to day expenses.

-Cash reserve, as it makes a reserve fund of cash in case of necessity, but cuts the available amount for ordinary use.

Credit and debt management:

-Stop credit misuse, this affects credit management as this is a way to reduce the using of credit cards for irrelevant expenses.

-Debt reduction, as it's a financial measure directly imposed to debt expenses.

-Recording income and spending, in order to have a record of debts and expenses to be done with a certain amount of money.

-Paying off credit cards, as this is the credit management activity that most defines the "credit" word and how does it work.

Answer 2

I think that the 1,2,3,6 are cash management and 4,5,7 are credit and debt management.

Hope this helped.