I have spent all of my money.

[sky3120]

I have spent all of my money.

I have spent all my money.

Do you say all of my money is equal to all my money and all modifies my money and all of modifies my money?

Thank you so much as usual and have a good day.

[M1na]

Both of them are correct. However, "all my money" seems more natural to me.
Before a noun with a determiner (the, my, ... ) all and all of are both possible.
Before a noun with no determiner, we do not normally use "of" .