💰A multitude of money tools

If you’re looking to buy a car this year, we have a few strong opinions on what not to go for. Another pro tip: a good credit score will save you thousands of dollars in interest on a new vehicle and even on your insurance. Learn all about it at milansingh.co/smartcredit

Happy Monday, Money Makers, may the week ahead be prosperous!

- Milan

IN THE STOCKS

• S&P 500 5,204.34 (1.11%)
• NASDAQ 16,248.52 (1.24%)
• Dow Jones 38,904.04 (0.80%)

*Stock data as of closing on April 5th.

THE MONEY BREAKDOWN

“The Wirecutter Effect”

In the world of online commerce, the "Wirecutter Effect" has emerged as a phenomenon where product endorsements from social media platforms can significantly impact businesses. When a product receives a glowing review, it often experiences a surge in demand, overwhelming smaller merchants who may struggle to keep up with increased orders. This surge can lead to logistical challenges such as delayed shipping and customer dissatisfaction as businesses strive to manage the sudden influx of customers.

The "Wirecutter Effect" highlights the power of online recommendations in driving consumer behavior and shaping market trends. While positive reviews can boost sales and visibility for businesses, they can also pose challenges for merchants unprepared for the influx of demand. This phenomenon underscores the importance for businesses to anticipate and effectively manage the impact of such endorsements to ensure a positive customer experience and sustainable growth in the competitive online marketplace.

Whether you are an eager consumer of trends or a small business owner looking to expand your enterprise, mastering your money will help create a buffer against unexpected situations. Answer a few simple questions and learn all about how you can get ahead of your finances at milansingh.co/money-quiz

MILAN’S HACK OF THE DAY

Budgeting Basics for Beginners 📈

Starting a budget may seem daunting, but with simple strategies, you can build a solid financial foundation. Begin by tracking your expenses for a month to understand where your money goes. Next, categorize your spending into essential expenses like rent, groceries, and bills, and discretionary expenses such as dining out and entertainment. Set realistic limits for each category based on your income and prioritize saving and debt repayment.

Once you've established your budget, stick to it by regularly reviewing your spending and making adjustments as needed. Consider using budgeting apps or spreadsheets to track your expenses and monitor progress towards your financial goals. Milan’s Ultimate Budget Planner gives you all the tools you need to save more, get rid of debt permanently, and master your budgeting. Check it out at milansingh.co/planner

Remember, budgeting is about finding a balance between enjoying life today and planning for tomorrow. With discipline and commitment, you can achieve financial stability and peace of mind. Ready to start budgeting like a pro? Let's make those money goals a reality!

OUR FAVORITE TOOLS

If you’re still making purchases on your debit card, you’re missing out on a world of possibilities. The best part about credit cards is the points and rewards that help you get massive discounts, great offers, and so many free things that will help you live a better life. 

The worst part about credit card rewards is that it’s often difficult to keep track of them all. That’s where this tool will come in handy - MaxRewards centralizes all your benefits, points, and balances in one place, and helps you use every single reward available to you. It even auto-activates your AMEX card offers, making it easy to redeem them! Make the most of all your rewards by visiting milansingh.co/maxrewards and using my code “MILAN” when signing up.