Good economics and accounting are the processes of tracking money and resources in a smart and efficient way. This means looking at things in the short and long term to make sure you're making the right decisions to save money and have enough resources to reach goals. In economics, this might mean shopping around for the best deals and investing in things that will help you earn more money. In accounting, this means keeping track of all your income and expenses so you know exactly how much money you have available to use.