When you manage your money effectively you are better able to save for the future. This means as well as ensuring you can manage right now, money management means you are able to save for future events such as a holiday.
Effective money management can bring a certain level of calm and a feeling of peace of mind. Understanding your costs and the amount you have spare means you are better able to tackle new financial demands more clearly and with the reassurance you have the tools to do so if required.