Maybe it goes without saying, but if you aren’t good at managing -credit-, you aren’t good at managing -money-, period.
All your savings will evaporate when you can’t get a good mortgage rate. That’s not good money management
Maybe it goes without saying, but if you aren’t good at managing -credit-, you aren’t good at managing -money-, period.
All your savings will evaporate when you can’t get a good mortgage rate. That’s not good money management
Seems perfectly reasonable to consider money management to just refer to management of money in one's ownership.
Re: mortgages. IDK how things are where you're at, but from what I've seen, with houses of equal valuation, the value of the monthly with a mortgage will typically be more than double than when renting. Renting, saving, then buying cash (likely a lower valuation house than when renting) seems like a viable strategy. Mortagages aren't some unavoidable fact of life.
It may or may not be what gives the best result, but that's ok. The peace of mind of not being in debt and having greater savings may be worth it, and have second order effects like enabling you to take more risk in other parts of your life.