"it's always part of my end-month goal, it's helps me understand where is stand financially"
How I did it: It's easy:
Lessons & tips: You know what?
Resources: http://bodengdeng.blogspot.com
It took me 5 days.
It made me jump!
How I did it: It's easy:
1. Copy the format of the previous months.
2. Forward the Balance of April months to May 2011 Cash on Hand
3. Input Cash Income
4. Deduct Expenses
5. Segregate Money Currency (either PHP, SAR or $)
6. Create a Total Figure for in one Currency using current exchange rate.
7. Arrive with the net WORTH!
Expenses Related:
Sometimes you have to put in all the details of your expenses, whether be it big or small. It will help you understand your spending habits.
There are payables that are monthly and or quarterly or in whatever way you pay it, you should track the payment you made in order to avoid confusion whether you have paid or not.
Remarks:
Each one may use appropriate format of your choice in preparing the personal financial report.
Lessons & tips: You know what?
1. It give me clarity on my financial status.
2. It helps me make a better plan for the future and for my money
3. It is very ideal, because it helps me control my spending habit.
Resources: http://bodengdeng.blogspot.com
It took me 5 days.
It made me jump!
See more progress on: finish my May 2011 Personal Finance Report
