Keeping a record of expenses is not a bad habit. Till last year, I did not think about recording my expenses. Since demonetization, I started maintaining a register to record my expenses. I started maintaining the record only to allocate my budget after calculating the expenses per month. I have divided the expenditure under various heads/subheads for that purpose. Every day, before going to bed, I ensure to record my expenses. This will help me to know where I am spending my hard earned money unnecessarily. I am not a miser. I spend money like water. The details as below:
(A.Grocery B.Vegetable C. Fruit D. Non-VEG E. Hotel F. Miscelllaneous)
(A. Electricity.B. Water. C.Maintenance)
(A. Car B. Bike.C.Bus/Taxi/Auto/Train fare)
11. Online payment
12. Cash payment
14. Progressive Total
For the last two months (January and February) I am maintaining it very seriously and sincerely to plan my budget for the financial year 2017-2018.
Members, You can also follow my format for recording your day to day expenditure, if you wish, and if you feel it fit. If I have left or omitted any head or subhead, kindly bring it to my notice in this thread itself. I will be grateful to the member. Also, kindly post your comments, if you can.
No life without Sun