• Samrat Investments

Money Management For Beginners



Content Overview


Budgeting For Big

Saving Money Like Pro

Pay Yourself First Automate Your bills

Use Coupons and Sales

Get Rid Of Unnecessary Expenses


Budgeting For Big


Starting with techniques and tools like an unnecessary cost, 50 30 20 budget, zero-based budgeting, and budget planner to protect and grow your wealth.

Budgeting is the first step toward financial stability.

You need to know what you have coming in and going out before you can make any kind of plan to save money. A budget should be based on your income and expenses. If you don't have a budget, then you're not really managing your finances.

Saving Money Like Pro

Saving money is the best way to build wealth. Wealth is always misunderstood with lots of money.

Wealth is a mindset and habit first. Then continuous money management.

There are many ways to save money. One of the easiest ways to save money is to start a savings account and investment account. Once you get your first paycheck, put at least 21- 33% (based on earning and expense ratio) of it away each week without fail. While investing money diversly as you grow with time. When you reach 100,000, you'll feel proud of yourself!

Pay Yourself First

When you get paid, pay yourself first. Know that you deserve the reward for working whole months. Now spend that hard-earned reward accordingly. Put some money aside for bills, rent, groceries, etc. before paying anything else based on financial planning. This will help you avoid getting behind on your payments and having to pay late fees.



Automate Your bills

Pay your bills automatically. Most people don't realize how much they spend just making minimum payments.

By setting up automatic payments, you won't miss a payment and you'll be able to keep track of your spending. Credit Cards bills and wise application of credit cards must be in your plan. To avoid unnecessary expenses, get more out of credit features and bills from a credit card. Smarter use of credit cards can be beneficial for better financial health and wealth.

Same time misuse of a credit card can be a huge liability and trap for you. You must know the proper use of these tools before you have a card.

Use Coupons and Sales

Coupons and sales are great tools for saving money. Find coupons for products you use regularly and take advantage of sales. Check newspapers, magazines, websites, and social media sites for deals. Always request your shop store for additional coupons or offers they can apply to your bills. It works. All you need to do is ask without worrying about rejection. Take benefits from this competitive market and technology to opt for the best price for your shopping. Shopping around is another great way to save money. Don't just go to big box stores. Go to discount retailers and compare prices. Also, check clearance racks at department stores. Shop local vegetables or fruits to save a few bucks and maintain good health.

Get Rid Of Unnecessary Expenses

You may think that certain things are necessities, but they aren't.

Things like cable TV, gym memberships, and eating out often add up to hundreds of dollars per year.

Instead of spending money on these things, try doing them yourself.

Do you really need cable or multiple subscriptions?

Can you exercise at home instead of going to the gym?

Can you cook healthier meals at home instead of eating out?

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