Money Management – 5 Helpful Tips for Money Management

BBR Money Management 05• BBR Productions Inc : Money Management – 5 Helpful Tips for Money Management

Money needs to be managed to maintain a growth of savings and wealth. Spending money takes away from having money to spend. Learn to spend money on essentials to allow organizing income over expense for later investments. These five tips on Money Management will guide the flow to wealth.

1) Download a Budgeting APP into the phone. As money is spent or earned, keep recorded directly and instantly into the APP. This habit building activity will make any individual aware of money in and out and keep them under CAP of that budget.

2) Spend less than you save. A simple idea with major benefits. If the money is not there to spend, then don’t spend it. Save money, and forget about it until the time is right. Your budget should help maintain a controlled expense.

3) For unforeseen expenses, adjust by taking smaller portions into consideration. If new tires each year cost $400 ($100 a tire), divide that by 12 months, which equals $33.33 a month. This can be placed into the car expense, waiting for the day tires are needed.

4) Place CAPS on your bank account so no more than ‘X’ amount of money can be withdrawn. Or take out the weekly amount and keep the cash handy. If need be, take the cash out weekly and place it into a separate account (like a personal stipend). Or entrust money to a personal Treasurer.

5) Place financial goals in writing. Know how much saving leads to a ‘Safety Net’, how much will pay off debt over five years, keep a record of which investments will make sense in three to five years. Seeing these goals written how set up SMART Goals for security, growth, and your dream!

PS… Can you find the monkey?

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About BBR Productions Inc,

Our mission is to bring reality to your dreams by being an affordable all inclusive production company for every type of venture and those who wish to find success in their possibilities. In 1996 BBR Productions Inc., began which was strictly an illustration company working with local illustrators and comic book company’s. In 1997 BBR Productions Inc., expanded adding audio recordings, graphic and web design, photography and mass marketing. BBR Productions Inc., first major client was TENEbRAE although other bands were signed on to the company roster for marketing and graphic design layouts. During 2000 BBR Productions Inc., began setting up small local shows and organizing large musical events featuring national acts throughout the Tri-state area. Working with musical acts, comedians and actors BBR Productions Inc., expanded yet again to more of an all inclusive entertainment company. In 2007 Began doing more with direct consultation, helping others create opportunities as well as managing more acts. 2008 marked the 1st annual Laughter is the cure show, helping raise money for foundations such as "Multiple Sclerosis Foundation" and various "Cancer Foundations". Soon to be on its 5th year. In 2013 BBR Productions Inc., opened its offices on Long Island NY allowing space to do in house seminars helping others realize their dreams with the help of people who have already been there. On October 3rd, BBR Productions Inc., will open their second office in Holbrook growing from 1,000 square feet to 3,800 square feet.
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