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Saturday, January 7, 2012

How We Manage Our Money ? Part 1


Sometimes could be frustrating, we got our earning at beginning of month, and at the end of month we think “ where does my money go ?”. it happen like that again next month, next month after and so on. It becomes most people cycle of life. We have to do something about it, become non of most people by doing “money action”. So how ?

"It becomes most people cycle of life"

Action # 1 INCOME LIST 

First of all, we list all of our earnings coming from, is it from our job or business. There are 3 different section in income list :
a.       Earned        ( from our job, if we work for money )
b.      Business      ( from business we have )
c.       Portofolio    ( from dividends, royalties, or interest ) 


We could do this in table :
INCOME
1
Earned
$ xxxxxxx
2
Business
$ xxxxxxx
3
Portofolio
$ xxxxxxx
TOTAL



Action # 2 EXPENSE LIST

List where all money we spend, categorized them. We could categorized :
a.       Food                        ( we spend on something we eat or drink )
b.      Transportation          ( could be gas, parking, toll fee, maintenance )
c.       Entertainment           ( CD, DVD, game, cinema, book )
d.      Hygiene                    ( shampoo, deodorant, soap, detergent )
e.      Donation                   ( charity )
f.        Clothes                     ( every fabric product we buy )
g.       Other                       ( family expense, car, cellphone that not  mentioned above ) 

“ do I have something similar in my home ?” 
 
Not all people have to categorized exactly the same as we are, because people spend their money in a different way. 

 Expense table :

EXPENSE
1
Food
$ xxxxx
2
Transportation
$ xxxxx
3
Entertainment
$ xxxxx
4
Hygiene
$ xxxxx
5
Donation
$ xxxxx
6
Clothes
$ xxxxx
7
Other
$ xxxxx
TOTAL
$ xxxxx

It seems a good way that if every time we put out wallet from our pocket, ask for price notes. Every time. We suggest it strongly because It makes us think twice before buy something. Think like this : “ do I have something similar in my home ?” 

Next post : “How We Manage Our Money ? ” PART 2 ( explore the secret of rich play game of money !!!)
To be continued…

Alright. We hope this post will bring good for all of us.
Thank You. –Syahputra-

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