For those living in USA - what's your most expensive cost center? What
takes most of your money?

Burama

On Tuesday, November 4, 2014, Burama Jammeh <[log in to unmask]> wrote:

> 2014 is fast approaching the end. I wonder if you had account your
> finances - how much you made, what was the sources, what did you do to make
> that earnings; how did you spent that income, how much did you spent on
> each cost center, what percentage is saved and how. How did you do - your
> actuals against plans/projections?
>
> When did you start accounting your resources? Does it help in properly
> managing your resources?
>
> 2015 is fast approaching - life is such that we can't usually work to the
> very end. Suffice to say we need to plan for those precious years that we
> can't produce but would want to live in comfort. For many of us if not all
> - wealth is never generated overnight and/or in bulk. Goodness we can help
> this by proper management (that includes Producing, savings and
> investments).
>
> Am offering folks free basic services - how to account for your income. I
> believe knowing this will help you make inform decisions what you may do,
> could do and/or want do.
>
> I have developed a simple template in Numbers (Apple version of Excel)
> that I can provide you. Is mainly configured with formulas - with basic
> idea of excel you shouldn't have any problem. In the privacy of your own
> world you can put your labor in concise picture that you can understand.
>
> The template has the following
>
> 1) Projected Income statement - gives you an idea what you think will earn
> in 2015 or any forwarding 12 months
>
> 2) Actual income - weekly, biweekly, monthly and year and by source
>
> 3) Monthly living expenses
>
> Numbers 2&3 gives you an idea of your cash flow (-/+). That alone will
> help you make decisions what to do to improve your cash flow. Cash flow is
> the basic of any financial management - if not positive and/or handsome one
> can't do nothing. Remember what we called hand to mouth
>
> 4) Remittance and family support- money send to Banjul - amount, rate,
> fees, transfer agent, etc.
>
> 5) numbers 5-7 are project costing templates - in case you have a project
> in Banjul, it will help account money input, when and on what
>
> 6)  template 8 summaries all in a sheet- income, expenses by cost center
> and cash balance.
>
> The template can be modified to suit your personal
> needs or your can develop one yourself. You could also search for the net
> for some free personal finance management tools. Or you could by a
> specialized software. Professional versions are also available.
>
> No intent to involve in your personal life. If you think this will help -
> is free. If you want to use or just look at the templates flash me at my
> personal email.
>
> Burama
>


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