The proper financial order should go:
1. all monthly income.
2. minus total monthly expenses.
3. = what is leftover to spend.
4. Put leftover amount towards first financial priority.
5. Carefully record the results.
6. Repeat until you have...
Good records are the key to financial success.
One way to ensure your financial freedom is to keep a private detailed log of your activities at work, especially if you are self-employed, or own your own business.
The information you record will...
I’ve never really kept a journal. I’ve always thought it was silly to have a record of my emotions about daily trivial things.
But as I see how invaluable financial record keeping is, I’ve rethought my approach to keeping a...
Here is a beta list of what you’ll need to keep good records.
1. What your accounts are and how to reach them.
2. income and its source(s) for each month.
3. A list of recurring costs for each month.
4. A list of one-time costs for each...
As you begin to write down what comes in and what goes out, you’ll begin to notice patterns.
The first thing you’ll notice is you need to have a permanent place to keep your records.
Once you get the hang of it, you’ll be writing...
Of all the information that I receive, what do I write down.
That’s easy!
1. What comes in and where that comes in from.
2. How much goes out and exactly where it goes.
Now, you can get a lot more sophisticated, but why not just start...
There’s nothing easier than writing down financial records.
Why?
Because everything has already happened. You’re just writing down the small stuff. All you do is look at the statement, and write down what you see. That’s it....
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