Next, you will want to fill out a monthly financial report worksheet where you record you income and come up with your net spendable income after taxes and any charitable giving. Then you want to take your totals from your monthly expense record worksheet and fill in all amounts in the categories such as household, food, medical, transportation, and recreation just to name a few. When you total up your expenses and subtract them from you net spendable income you will see if you have a surplus or not.
Finally, you need to total that last column so that you can reconcile it with your bank account. IMAGE NOT AVAILABLE HERE This amount should always equal your bank account precisely. If it is then you're doing well.If it doesn't then you know you've missed some source of income or some expenses haven't been included in the "Used" column yet. Age: 33 Married with 4 children. My Qualifications. Bachelor in Business _ (Double Major in Accounting & Marketing from Edith Cowan University) Working as a College Bursar with over Ūm in annual revenue. My Story I first got excited about business and money when I was about 18 when my father introduced me to a network marketing scheme called Omegatrend. It was an off_shoot from the US' Amway. I worked every available moment trying to make this work for the next 3 years to no avail and finally decided to get a life when I met my wife to be.