What is the meaning of recording in terms of money?

Recording with money is pretty simple. It means you write down all your money stuff. You track all the money that comes in. This is your income. Like your pay from work.

You also track all the money that goes out. This is your spending. Like when you buy food or pay rent.

You do this to see where your money is going. It helps you understand your habits. For a business, this is super important. It is called bookkeeping. They must record everything for tax and to see if they make a profit.

For a person, it helps with budgeting. You can save more money if you know where you spend it. So, it's just keeping a list of your money transactions.