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Savings

VIEWS: 4 PAGES: 56

									  Money in Bank Account          Income This Month    Expenses

            326
    unaccounted for                4924.18            4981.91
          54.04

      Bank Accounts              Savings Last Month    Deposit
 Bank Account #1                        156             2000
 Bank Account #2                        250             1800
 Bank Account #3
 Checking Account                       80              1000
 Vacation Account
 Car Account
 Utilities Account                      40
 Miscellaneous Account
      Bank Balances                    526              4800

Sources of Monthly Income             Income           Spending Categories
 Job                                   2800            Bank Payments
 Spouse's Job                          2000            Bills
 Part-time job                                         Food
 Rentals / income received                             Health
 Commissions & Bonuses                                 Car
 Tax Refunds                                           Athletics
 Investment Income                                     Kids
 Daily Income                                          Office
 Unemployment Insurance                                Personal
 Child Support / Alimony                               Home
 Support from Family & Friends                         Other
 Last Month's Cash                    124.18           Savings
            Total                    4924.18                     Total
                             Savings This
          Discrepancy
                                Month

                142.27         -57.73
          cash on hand     plus previous savings


                88.23          468.27

                W/drawal        Savings
                  2000             156
                  2000             50

                 1000               80


                                    40

                 5000              326

Spending Categories         Total Expenses
Bank Payments                     600
Bills                             500
Food                            342.35
Health                          382.52
Car                               40
Athletics                         100
Kids                            947.54
Office                            15
Personal                          139
Home                            1607.85
Other                           287.65
Savings                           20
        Total                   4981.91
                                                              *

* All the work that was done in the Income / withdrawals Worksheet is now summ
can see it is possible to know at a glace exactly how much money is in each and
actual total is for all the accounts collectively.
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a glance you will know how much money carried over from the previous month a
into the accounts, how much was withdrawn and how much is left. This can be a
status if you make the entries conscientiously. It is a real incentive to want to be m
very accurate information at any time during the month.




* Here you can fill in the various sources of your monthly income. It is important
money you are actually accumulating each and every month. You want to be as r
these funds in the best way possible. In order to do so you need to know exactly
to decide what to do with that money.
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                                                                                  * You can write in
each category if they apply to you. Keep in mind that you need not enter this mon
Record. You can put that money directly into your bank accounts so that it is ava
withdrawal at an ATM. In other words you will be depositing that money in your b
spending it.




                                                              *


* Now it is very easy to see how your expenses compare with your income. At a
within your means.Your credit card debt is reflected in the "Bank Payments" cate
you have allocated to deal with this debt. Overall however, it is the total of your e
so that you have an accurate picture of where your money is actually going. Your
extent you can curb unnessary or extravagant spending and to prioritize.
                                      -----------------------------------------------------------
---------------------------------
What is interesting about these tables is that they are updated each and every da
Daily Expenses Record. This means that at any given time you can review the ta
with your income, savings, and expenses.
            within your means.Your credit card debt is reflected in the "Bank Payments" cate
            you have allocated to deal with this debt. Overall however, it is the total of your e
            so that you have an accurate picture of where your money is actually going. Your
            extent you can curb unnessary or extravagant spending and to prioritize.
                                                  -----------------------------------------------------------
            ---------------------------------
            What is interesting about these tables is that they are updated each and every da
            Daily Expenses Record. This means that at any given time you can review the ta
            with your income, savings, and expenses.




Extra Features
                                                                         *


            * One goal is to try to build this amount so that you have savings that are accumu
            and it is encouraging when you see this amount building from month to month. Y
            yourself and this helps curb your spending somewhat.
            -----------------------------------------------------------------------------------------------------------

            is that as the money in your bank accounts increases you are creating options fo
            deal with your credit card debt. You are starting to gain some control over your fin
            starting to pay off. Don't get discouraged if you don't have much money to begin
            increasing this amount.




            * This little feature helps you to check up on how accurate your entries have bee
            Quite simply, your Income for the month minus your expenses are not going to e
            accounts. The reason for this is that you have an accumulated savings which is i
            the previous month. This means that to get a more accurate picture of what has t
            to subtract from the total income your expenses. This will give you the actual sav
            amount must be added the savings from the previous month in order to account
            accounts. Thus we make this distinction in the two headings "Savings this Mont
            way we can begin to compare how much money we should have had in our savin
            actually have.
            ----------------------------------------------------------------------------------------------------
                                                   * When we substract the amount we should have h
            in our bank accounts we may have a discrepancy. This amount will appear in the
            However, this is not an accurate discrepancy because we have to take into accou
            have at that given point in time. Only then can be arrive at the true amount that is
            us an indication of certain expenses that were not recorded.
                                                       *


* As mentioned this is what we are trying to arrive at by doing all the calculations
feature. It is like keeping a pulse on your finances and yourself. This is where you
behind and not keeping up with your finances. Obviously, the smaller the number
big a discrepancy.
     -----------------------------------------------------------------------------------------------------

   * To sum up: You need some incentive to keep you working on the Daily Expe
job then the "unaccounted for" box number will be very low. If you are not recordi
withdrawals then this number will be completely off. The bottom line is that at any
ome / withdrawals Worksheet is now summarized for you in this table. As you
e exactly how much money is in each and every bank account and what the
ctively.                                                                                 ------
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                                                                                       * At
ey carried over from the previous month as savings, how much was deposited
drawn and how much is left. This can be a very accurate account of your financial
 tiously. It is a real incentive to want to be meticulous so that you can have this
 uring the month.


                                   *                                                            Top




 es of your monthly income. It is important to be able to see just how much
each and every month. You want to be as responsible as possible in allocating
n order to do so you need to know exactly how much money has come in so as
                                                                                                           -
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                               * You can write in the amounts that are pertenent to
 p in mind that you need not enter this money as Income in the Daily Expenses
 y into your bank accounts so that it is available to you when you need to make a
you will be depositing that money in your bank accounts before you actually start




                                                                                                Top




 xpenses compare with your income. At a glance you can see if you are living
bt is reflected in the "Bank Payments" category. This shoes how much money
bt. Overall however, it is the total of your expenses that needs to be considered
  where your money is actually going. Your goal is to be able to see to what
avagant spending and to prioritize.
 ------------------------------------------------------------------------------------------------------------
                                                                                                    *
 s that they are updated each and every day that you make your entries into the
 at at any given time you can review the tables and see exactly where you stand
 es.
bt is reflected in the "Bank Payments" category. This shoes how much money
bt. Overall however, it is the total of your expenses that needs to be considered
  where your money is actually going. Your goal is to be able to see to what
avagant spending and to prioritize.
 ------------------------------------------------------------------------------------------------------------
                                                                                                    *
 s that they are updated each and every day that you make your entries into the
 at at any given time you can review the tables and see exactly where you stand
 es.




                                                                                                Top




 so that you have savings that are accumulating. This requires a conscious effort
s amount building from month to month. You start to set a higher standard for
ding somewhat.                                                      ---------------------------
-----------------------------------------------------------------
                                                                  * The important thing
unts increases you are creating options for yourself and a means by which to
e starting to gain some control over your finances and your good choices are
ed if you don't have much money to begin with. You can and should work on




                                                                                                Top




 up on how accurate your entries have been in the Daily Expenses Record.
 h minus your expenses are not going to equal the money in your bank
 u have an accumulated savings which is indicated in the Savings column from
o get a more accurate picture of what has taken place during the month you need
 expenses. This will give you the actual savings for the month. However, to this
 m the previous month in order to account for the money that is in your bank
on in the two headings "Savings this Month" and "plus previous savings". In this
 ch money we should have had in our savings account with the amount that we
                                                  ---------------------------------------------
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we substract the amount we should have had and the amount we actually have
 iscrepancy. This amount will appear in the "Discrepancy" box with red numbers.
 pancy because we have to take into account the actual cash on hand that we
hen can be arrive at the true amount that is "unaccounted for". This amount gives
 at were not recorded.
ng to arrive at by doing all the calculations discussed in the preceeding #2
ur finances and yourself. This is where you can begin to see if you are falling
nances. Obviously, the smaller the number the better. You don't want to get too

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 ve to keep you working on the Daily Expenses Record. If you are doing a good
mber will be very low. If you are not recording your expenses and your
ompletely off. The bottom line is that at any given day during the month the

								
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