PERSONAL FINANCE ACCOUNTING (1st Level)

1. First of all, you need to record all planned income and expenses in the current month. This will help to create an overall financial picture. You can't keep a detailed spending plan in your head, even if you have a good memory.

How to do it? To begin with, on paper (or in Excel, as it is convenient for anyone) we make a table with all receipts and expenses. It is important to think through the aspects of life well and not miss anything. Although for the first time, of course, there will be shortcomings. It is impossible to carry out clear and correct planning right away. If any shortcomings are found, they should be recorded in notes. This approach will help to improve the budget management scheme for the next month. Then each subsequent accounting will be better than the previous one.

2. Any trip to the store should be planned. A shopping list and following it as closely as possible will help save finances. It is useful to make a menu for several days, on the basis of which it will be clear how many products need to be purchased and in what quantity. To a large extent, the ability to plan your spending well is influenced by the skill of time management.

3. Accounting of expenses. You can write them down in a notebook, notepad or use specialized applications on your smartphone. This helps to detect unnecessary purchases and avoid them in the future.

We offer you to consolidate the acquired knowledge by level, and take the test: https://docs.google.com/forms/d/11eqan3dCIXkga8Jz9QC22arkYxxCJCpS5R6sbw8CXcw/edit?usp=drivesdk