Let us start by gathering in an excel worksheet all your payments and expenses. Based on the info you have gathered, fill up for Dec2021. If you can go back a few more months or max up to a year, even better. Then you can capture those expenses that you don't spend monthly. Generally you want to have one column for each month of the year, and the following lines: 1. EPF (already in Income) 2. Insurance (all types here: life, annuity, medical, family, MRTA, cards, Home, cars,

Let us start by gathering in an excel worksheet all your sources of income (gross and net). Based on the info you have gathered, fill up for Dec2021. If you can go back a few more months or max up to a year, even better. Then you can capture those incomes that you don't receive monthly. Generally you want to have one column for each month of the year, and the following lines: 1. Base pay 2. Allowances 3. Gross Income 4. Deductions (EPF) 5. Deductions (Tax) 6. Deductions (SOCS

Whats next? You have decided that you want to manage your budget. At the very least, you want to know how much you are making, how much you are spending and whether you have anything left over or not. Well, that in itself is a good goal. For our bodies, we do health checks every once in a while to get a snapshot of how we are doing and if there are any areas we need to pay attention to. Similarly, we should be doing that for our financial status, at least once every few years

As we start the new year, we might want to start a new habit as a new year resolution. Many start but stop after a while. Want to start managing your budget? Don’t know how? Afraid you might drop off after a few weeks? Let me help you along your journey... You might be asking, why would we want to manage our budget? Here are a few reasons: 1. You have been earning and spending, month in month out, but you don't know where you currently stand; 2. You think you spend more than