Pfiou – what a mess ! We just spend an hour yesterday tracking our expenses for the current month. We enjoyed some EPF withdrawal which directly lowered our mortgage principal – it is great, but we did not anticipate the additional work we would have to track it! It kind of messed up all of [...]
Posts Tagged ‘Budget’
Budget Template – Doc Stoc
Your budget and its reporting are at the basis of your personal finance plan. Setting up a budget is an important milestone on your path to financial independence. You will refer to it regularly, enter data, extract data, and analyze it. It is a great tool to review and improve your situation along the way.
Budget [...]
Day 4: Set up a budget – Your Treasure Map
By tracking your spending, you know where your money goes. It is time to set up a budget. What is a budget you may ask. It is a plan that shows what money you plan on spending. You may be afraid of making mistakes drafting it; you may feel like it will end up all [...]
Day 3: Track your spending – Where did it disappear to?
You finally have a clear road-map to follow. You now need to track your steps, you achievements, your could-be-better. One of the first thing you need to do is to start tracking your expenses on a daily basis. Why is that? By tracking every cent that goes out of your pocket you will really know [...]
Why Do You Need a Budget?
I will continue on yesterday’s subject (Allowance & Budget) by developing my vision of a budget.
What is a budget
A budget is a summary of probable expenses and income for a given period. It gives you a foresight on what expenses you can expect and what you have to plan for. A well planned budget will [...]