Money management requires 90% discipline and 10% knowledge. You must establish a budget and know where your money goes after taxes. Your budget should only be 50% spent on essentials vital to your life. These are the things you cannot live without. You should spend 30% on something that brings joy and happiness but are not essential to your life. (Dining out, entertainment, hobbies, etc.) The remaining 20% should be used to save, pay off debt, and plan for retirement.

Warren Buffett shares 3 core principles for stock market investing. These principles are simple but so vital. Buffett generously explains them all in detail. Our hope is that you enjoy it and take away a valuable lesson. Warren E. Buffett, an American long-term investor and philanthropist is the chairman & chief executive officer of Berkshire Hathaway. Buffett is regarded as one of the greatest investors in the world, with a net worth exceeding 100 billion dollars. Buffett was born in Omaha Nebraska. In his youth, Buffett was interested in investing and business. He made incredible stock market returns throughout his career.

This tutorial will show you how to create a budget. These are the main categories you need to budget. You can also see how to set up your income and expenses so that you can determine if you’re meeting your goals or overspending. This is what budgeting for beginners looks like.