Hi guys .... 

An excellent post was posted by Sir AJRaptor a day before which had the compilation of all the valuable posts of Training , Finance , Line up setting etc . by the experienced managers . This would help a lot to the newbies and even the old managers. Still I am making this post about the finance management to explain this whole thing to the newbies as we can still observe many posts regarding finance management . The post of Sir AJRaptor also contained this part but I will be trying to discuss all the points regarding the finance management . Hope this will help you . 

 EXPENSES -

1.) Weekly Stadium maintenance cost -

The cost of this is Rs.20 per seat . All teams start with a stadium capacity of 4000 which makes to a total of 120000 . As you upgrade your stadium , automatically your weekly stadium maintenance cost will increase . If your team is performing well , you will get good no. of fans every tuesday . Newbies mostly gets more fans whether they perform good or well but only for a short time . As the amount of fans increase , more tickets will be sold at your home match . Once your number of tickets sold is around 5,700 , then only it is recommended that you upgrade your stadium . Upgrade your stadium according to your team's performance . If you think that your team is not performing upto the mark , upgrade your stadium by 200 or 300 seats only and not more , so that if the fans joining rate decreases (they won't leave from a newbie's team) , you don't have to see your seats being empty . And if you think that your team is performing very well and will get good no. of fans continously , upgrade your stadium by 500 - 1000 seats , so that your stadium don't gets housefull . 

2.) Weekly Scout Maintenance cost -

Every newbie have their scout in India . The cost of that is only 10000 . Once you become an accomplished manager , you will be able to send your scout abroad. It is recommended that you should never send your scout abroad . Even if you are not getting good scouts in India , let your scout be in India only , because sending the scout abroad is a huge wastage of money . Rs. 300000 is charged for it . And then also there is no guarantee that you will get a good scout . There are more chances of getting a good scout in India rather than in abroad . Still if you are rich , you can experiment this . 

3.) Player Salaries for the week - 

When a newbie starts playing , he definately has a good player gifted by hitwicket . It can be 1,2,3 or even more . I got a player with more than 13,000 SI and was of age 29 . I also got 2 players with SI around 5000 . Also when a team starts , it gets a full package of waste players . I got 19 players in total when I started . At that time I fired all my players which was of age more than 22 and with SI less than 2000 . I fired 8 players and kept only 11 . I didn't knew that was I doing right or wrong and after some weeks , I realized that I did exactly right . For the few weeks , I kept only 11 players and the performance of all my players was very much good . I had only 12 players when I got promoted to Division 6 . Having a squad depth is good , but for newbies it is never required . There is not much competition in lower divisions , so having only 11,12 or 13 players is fine . Since it is a finance management post , I am not explaining it in brief . You can go to numerous posts posted by highly experienced managers in the category of FAQ , Training , Tips and Newbie to get information about how to set a good team . 

4.) Seats construction at your Stadium - 

It is already explained in the Weekly Stadium Maintenance cost paragraph . Refer to point number 1 . The cost of construction is Rs.1400 per seat . Tip - Time your stadium upgrade such that you don't have to pay the Weekly Stadium Maintenance Cost and the seats are used in the match also . For eg. You pay your stadium maintenance cost on Friday and the matches are on Sunday . As the time taken for construction is 8 days , upgrade your stadium on Friday . So that after 8 days that is Saturday . The construction is completed and the seats are used in your home match and you don't have to pay the maintenance cost too .

5.) Youth signing fee - 

You all know that ''recruiting youth scouts is one of the simplest ways of ensuring the development of the team'' , a line from Game Manual . The cost of signing a youth player in lower divisions that is 7 and 6 ,is low than the cost in the higher divisions . It is upon to your luck that you get good scouts or not . If you get a poor scout ( SI low than 1000 and age more than 19 ) , you can simply reject him after receiving the MRP . And if you get an average or a good scout , you can sign him at a low price and can then sell him to make a profit or you can also take him in your team if he satisfy your needs . Plzz don't sell your youth scout whom you want for need of money . Money will come anytime but a great scout won't come again and again .

6.) Purchase of a new player - 

Now we can't advice you that which player you should buy and which not . It's upon to your needs that how much and what type of players you want . It is just a suggestion that newbies should not buy much players . I mean not more than 3 or 4 . We know that everyone does not get a good team when he starts . But still try to balance and play with that team only which was gifted to you by hitwicket . That team must have contained some good players and bad too . Fire all those bad ones and start playing with the old team only till you have spend some weeks in hitwicket as said earlier . If you have spend some weeks in Hitwicket . Till then you will become a little experienced manager and you will be able to plan that which kind of player you should buy and which not . Remember that '' IF YOU BUY THINGS YOU DON'T NEED , ONE DAY WILL COME WHEN YOU HAVE TO SELL THINGS THAT YOU NEED '' , and it can be seen oftenly in Hitwicket . 

SOME OTHER SMALL MEANS OF EXPENSES ( they don't need any explanation ) -

* Transfer Listing Cost - Rs. 5000 

* League Switch - Rs. 50000 ( One tip - It is recommended that you should switch your league on the last day i.e. Thursday . If you want to switch in a league full of competition , then you can switch anytime . But if you want to switch where mostly teams are BOT , then you should wait for Thursday . So that those BOT teams doesn't gets filled with user teams and you don't have to switch again which costs. )

* Renaming your stadium - Rs. 20000

SOURCES OF INCOME -

* Ticket Sales -

Rs. 200 per person ( This is the main source of income . Match attendance depends upon the size of fan club of both teams. ) 

* Winning the league match -

This feature will be implemented from Season 10 onwards. You will get the amount of 100k ( 100,000 ) everytime when you will win your league match. But only league match - not others like challenge matches, practice matches etc.

* Sale of your player -                       

Depends upon how the player is . ( Don't sell your main players because of the team's  financial conditions . For a while , also think of the future . It may harm or it would definately harm your team later on. )

* Sponsor Income -

      Depends on your division . 

• Division 1 - Rs. 700,000
• Division 2 - Rs. 550,000
• Division 3 - Rs. 400,000
• Division 4 - Rs. 300,000
• Division 5 - Rs. 250,000
• Division 6 - Rs. 200,000
• Division 7 - Rs. 200,000

* Prize Money for winning the League -              

       Depends on your division .

• Division 1 - Rs. 2,000,000
• Division 2 - Rs. 1,500,000
• Division 3 - Rs. 1,200,000
• Division 4 - Rs. 1,000,000
• Division 5 - Rs. 800,000
• Division 6 - Rs. 600,000
• Division 7 - Rs. 600,000

* Prize Money for Individual achievements ( highest wicket taker , highest run scorer etc. ) - Rs. 50000

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THIS IS MY FIRST  POST FOR NEWBIES , SO AM A LITTLE NERVOUS WHAT MAY BE THE OUTCOMES . HOPE IT WAS FUN READING THIS POST . I TRIED MY BEST TO MAKE THIS POST VALUABLE FOR NEWBIES . IT WOULD BE MY PLEASURE IF IT HELPED YOU . 

THANKS FOR READING .......