Hi Leo-Finance community, as the title says ... how are you tracking your personal financial situation?
One of the methods I use is by maintaining a personal balance sheet. I looks something like this.
I didn't put any absolute figures in. Is there any rule on posting personal financials in that regard in our community?
I will elaborate further more on the methods I use for personal finance tracking in my upcoming posts.
Would love to read your feedback!
Stay safe
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Guau man that is amazing form of controlling where your money gone, the budget is the most commont simple form to know about our money but people did not do that, they do not do as an account your structure of general balance i love it because the structure is same to the enterprise balance. Thanks a lot.
Posted Using LeoFinance Beta
My bank has this function called "insights". It categorizes electronically executed payments based on words used in the transaction. I check this overview monthly. You can compare it to other months. You can also categorize payments manually. A very useful function. It saves me a lot of time doing this manually in a spreadsheet.
Posted Using LeoFinance Beta
Hello Joseph!
A very nice post why because so many people don’t care about their financial situation. It’s such a pity, I mean I’m also not the best at this area yet but at least I started a few weeks ago. I created an amazing excel table which shows me every month where I spend my money to get more financial control. I’m looking forward to your future posts about it! 😊🤷♂️
Alternative thinking, alternative living
