Money Management

Outline of the Topics

1. What brings money in our life
Different need of life, self, family, society,
future and self development
Planning for the expenses for self, family and
society
Saving schemes
Cost of Bad Habits
Social contribution be careful of little point
Careful of Fraud finance companies and persons
How one earns Money
Out of education
Out of skill set learned through training
Out of experience
Out of contribution
 Intelligence
Physical Labor
 Out of good fortune ( with same physical
and mental labor people may be earning
less)
Need of Money
For Self
For Family
For Society
For Future
For higher learning
Expenses for Self
Food
For House rent
Garments and shoes
 Electronics products
For connectivity for transportation and
Electronic communication
Medication
 For entertainment
 Celebrating Success
For Future
For purchasing any high value things
Ex: Such as houses, Vehicle, Any tour, For
Family festivals marriage, funeral, etc
• For Medical expenses of self
• For emergency
• To meet old age expenses
• At present future is uncertain, volatile and
unpredictable
Contributing to Family
Repaying to parent love and sacrifice in
term of money and physical labor
 Parent Expenses
 Purchasing high value things for Family
For festival gifts and celebration
 As long as Family members or parents
are self sufficient can save the amount for
future.
Mismanagement of Money brings Misery
Just put a break before start withdrawing
money from your salary.
Planned your expenses in different heads
 Distribute the money for different heads
For self may on different heads exercise to be carried out for the staff

Examples all figure in Rs

Food 2500
For House rent 2500
Garments and shoes 1000( Average)
 Electronics products 1000( Average)
For connectivity for transportation and Electronic
communication 1000
Medication 500
 For entertainment ( Cable TV Crage) 200
 Celebrating Success 1000
 Total = 9700
Family Obligation
Parent expenses :
4000
 ( If parent self sufficient put the amount
in shaving for future expenses)
Family festivals :
500
 For Brother and Sisters and relatives:
1000
Saving Schemes
Recurring Deposit through any national or reputed
reliable Pvt Banks
R.D through post office
 Saving in any Govt bonds such as PPF , NSC
( National Saving certificates),
Should have life insurance
May go for short term fixed deposit
If you are enough skillful and have time then can put
little amount in stocks of good companies for long
term , otherwise can also disturb the mind
Think of Tax saving scheme.
Do a practical exercise for Planning of
expenses
Prepare a chart of expenses in different
heads and plan it accordingly.

 50% for self and 50% for the world

Adverse effect of Unhealthy
Habits
Gutka, Ciggarette, Sarab may seems to take a small
portion of your salary but with time it will take entire
salary along with you
Daily 5 rs in Gutka leads to 35 in a week, 150 in a
month around 1800 in a year but with interest , if you
deposit the amount in Bank it can be of 2500 and in ten
years simple calculation without interest 20000 with
interest around 100000 rs
Medical expenses 5 times of it then 5 lakhs in term of
heart, blood pressure, TB and all.
It will reduce our earning poor made us further
dependent and poor
Save self from with Good conscience
All of sudden economic prosperity
It is the fortune result of past good act
To keep hold of good fortune we need to put good labor
Today if we will save and spend for right purpose blessing
of millions will make our life easy, and progressing
Today one may enjoy but in long run that may leads to
loss of faith from family members,
Loss of respect, loss of money, loss of physical health and
loss of psychological energy.
Allocate for Self Development
For future courses
Training
To have healthy habits meditation, music,
art, etc
For self development to get rid of past
weakness
As you sow so you reap
Have some amount for Social
cause
We have to repay to society
 for environment
 for poor
 for education
 But careful while contributing:
 If a beggar takes your money and misuse
for Wine or for going brothel you will be
part and responsible for his sin and you
have to repay for that
Be careful about Cheater
Many finance company so overnight
growth
Like double your deposit in a year,
register 50% growth
 Fraud financial institute are rising
Management Mismanagement
 Blessing from parent  Curse from Parent and
 Happy life
society will make life
 Easy Future
miserable
 Problems free life
 Complicated life
 healthy Life
 Balanced Life  Diseases
 Great Man with self development  Dissatisfaction
 Satisfaction in Life
 Derailment and Distraction
 Mentally Balanced
 Constant progress towards prosperity  Imbalanced mind
 Social respect  Uncertain future

Management of Money