Monthly Budgets, Messy Markets, and Price Predictions

Lessons on wealth, greed and happiness...

Good morning. It's Friday, Dec. 01, and we're covering money tips that work, making a budget, weakened home prices, and much more.

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Stock Market Update

Market Performance: December 01, 2023.

November proved to be a remarkable month for the Indian market, as the Nifty 50 surged 5.52%. This robust performance marked a significant turnaround from October's 2.84% decline.

Notably, November's achievement stands out as the best monthly performance since July 2022, when the index gained 8.73%.

Commencing the month at 18,989 points, the Nifty 50 maintained its upward trajectory throughout November, avoiding any dip below the month's closing price.

Over the course of 19 trading sessions, it surged by 1,011 points, surpassing the psychological level of the 20,000 mark in the previous session. The index further extended its winning streak in today's session, reaching 20,133 points, a mere 0.44% away from the historic high of 20,222.

Financial Maverick Insights

How to Save Money: Tips That Work

Make a budget.

A budget is just a plan for your money. Think of it as a map to get you to your money goals. And you need a budget. Because here’s the thing—if you do every single tip in this how to save money list, but you don’t have a budget . . . you’re playing yourself…

You’ll end up accidentally spending everything you intentionally saved. Simply because you didn’t have a plan! We’ve all been there, so let’s level up.

Say goodbye to debt. 

I’m not the only one who says ditching your debt is a top tip for saving money. But even if I was, I’d still shout it from the rooftops, because I’ve lived this…

Some questions you can ask yourself during the month-long interval before making a decision on the purchase are: Is the item/service a need or a want? Can I afford it without sacrificing other financial goals? Have I researched better deals and alternatives? Can I allocate the money to a higher priority?

Making A Monthly Budget In 5 Simple Steps

While few people would say they actually enjoy budgeting, that doesn’t make the task any less important. Making a budget helps you plan for expenses, and it can provide insight into your spending habits, allowing you to curb spending more easily...

The current high-inflation environment may have many people feeling especially strained when it comes to affording monthly expenses — and trying to save at the same time. While it won’t beat inflation altogether, establishing a budget will help you get by and lower the stress of covering upcoming expenses.

A budget is a tool that helps you manage your finances, from paying bills to building up your savings…

Having a budget helps you meet financial obligations as well as handle any unplanned expenses that come your way.

Budgeting can help you boost your emergency fund or save for goals such as a down payment on a home, a new car or your dream vacation.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.