Netizens are creating a trend with AI created photos and videos. There are some apps available for editing and recreating photos. Let's see that.. Lensa AI The filters in this app can make even an ordinary picture look amazing. It includes AI tools like magic avatars, sky replacement, face retouching, back and blur. Picsart It is an all-in-one photo editing app. Many facilities like background removal, enhance, replace an object, image generation are available. Some can be used for free. Fotor This app offers facilities like AI Baby Generator, AI Cartoonizer, AI Photo Announcer, AI Art Generator, Remove Objects, Image Upscaler. Apart from this, you can also know how your appearance will be in the future. PhotoDirector It has tons of effects to bring your photos to life with animation tool. Most of them are free. Along with animation, tools like AI Sky Replacement, AI Anime Filter, Avatar and thousands of stickers can be used. Remini Features like clothes swaps are very entertaini...
Managing a ₹10,000 income requires careful planning and budgeting. Here's a general approach you can consider:
### Budget Allocation
1. **Essential Expenses (50% - ₹5,000)**:
- **Rent / Housing**: ₹2,500
- **Food and Groceries**: ₹1,500
- **Transportation**: ₹500
- **Utilities and Bills**: ₹500
2. **Savings and Investments (20% - ₹2,000)**:
- **Emergency Fund**: ₹1,000
- **Investments**: ₹1,000 (e.g., mutual funds, recurring deposits)
3. **Discretionary Expenses (30% - ₹3,000)**:
- **Entertainment**: ₹1,000
- **Personal Expenses**: ₹1,000
- **Miscellaneous**: ₹1,000
### Detailed Plan
**Essential Expenses**:
- Ensure housing costs do not exceed 25% of your income. If ₹2,500 is sufficient, consider shared housing options.
- Shop at local markets or discount stores for groceries to keep costs low.
- Use public transport or carpooling to save on transportation expenses.
- Manage electricity, water, and internet usage efficiently to avoid unnecessary bills.
**Savings and Investments**:
- Build an emergency fund of ₹1,000 monthly in a separate bank account.
- Invest ₹1,000 in instruments like mutual funds through SIPs for long-term growth.
**Discretionary Expenses**:
- Allocate ₹1,000 for entertainment activities such as movies or outings.
- Reserve ₹1,000 for personal expenses like hobbies or personal care.
- Keep ₹1,000 for unexpected or small miscellaneous expenses.
### Money Management Tips
- **Avoid Debt**: Minimize any form of debt to maintain financial stability.
- **Cultivate Saving Habits**: Regularly save even small amounts to build financial security.
- **Track Expenses**: Monitor your spending to stay within budget and adjust as needed.
- **Set Financial Goals**: Establish both short-term and long-term financial goals to guide your financial decisions.
This structured approach will help you effectively manage your ₹10,000 income, ensuring financial stability and preparedness for the future.
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