The time comes for us to do the first round of analysis based on the income and expenditure that you have collected from last year and the first few months of 2022. Pls note that this is not a one time effort, you will need to do this at least every 6 months to cater for changes in your life as well as decisions you may want to change. Income 1. Ask yourself: is your main source strong enough? What are some ways you want to moderate it? Want more? How do you aim for it? Promo

After capturing current income sources and current expenditures religiously for the past few months, it is time to start looking at what has been happening. Income: Generally, this will not change that much from month to month. Every month if you are employed, you should have a fixed amount coming in at roughly the same time/date monthly. If you have savings, FDs, Bonds, you should see amounts coming into your monthly bank statements as well. If you hold equity / shares, you

Use the template created under Expenses (Historical) and create a blank sheet for 2022, by month from Jan to Dec. At the end of everyday in January, key in all the expenses that you will incurred from your receipts, memory etc. Be diligent, set up a fixed time every night to key in your expenses for that day. Better immediately before you forget. Then at the end of every month, when you receive your card statements, when you look at your bank statements, key in those expenses

Use the template created under Income (Historical) and create a blank sheet for 2022, by month from Jan to Dec. At the end of January, key in all the info that you will receive from latest documents (salary slip, bank statements, etc). Be diligent, set up a fixed day near the month end or early the following month to key in these info. You will then be able to see what are the numbers you are currently receiving. Build the discipline of recording first. At the end of month 1,