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Money Management Tips For Beginners [Presentation]

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@finguru
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Money management is an art and most newly working individuals suck at it. This presentation might help someone who is struggling to manage their funds & expenses. To control the flow of money in your account, you need to follow a set of rules. Rules that define the way you use your monthly income and manage your expenditure. You should have equal amounts of savings and investments at the end of each month. The younger you are, more risks you can take as compared to people who are at their retiring age. Use the advantage of time and grow your wealth in the long run.

Please note, that the rule mentioned in the presentation can differ for person to person depending upon their income resources & expenditure. This is a general way of splitting your monthly funds. As your wealth grow, your expenses will reach an 'all time high' at some point. This will help you achieve exponential growth.




40:20:20:10:10 ratio can be changed if your expenses are constant but your income is growing. You can divide your extra income between investment & savings. Younger you are, have more money in investments than saving.








If you liked the presentation & found it valuable, then consider upvoting this post. Share it with someone who can use this information. Please comment below with your money management tips and how you divide the ratios. Would love to read your thoughts!


Disclaimer
This is a personal opinion. Not to be taken as financial advice.

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