The purpose of this article is to formulate a rule using which one can do the affordability analysis for oneself. The majority of us are not clear about our affordability factor. We are lured into believing that we can buy a thing that is actually not affordable. The idea is to understand the concept of…
I’m a firm believer of the concept of tracking all expenses. If financial independence is the ultimate goal, then tracking expenses is first step which can lead us there. 50/30/20 budgeting rule is the foundation based on which the expense tracking tool will work. If you need to improve your personal finance, then start with…
If you want to start your expense tracking from today, you’ve landed on the right page. Here not only you will learn about expense tracking, but you can also download a tool to start doing it today. What is this tool? This is my budgeting and expense tracking Excel-based worksheet. It is a unique tool…
One of the most underrated activity is ‘expense management’. We tend to focus more on income generation, and less on ‘managing expenses’. Why? [Read: About an Excel based tool which can budget & track expenses] The reason is perhaps simple. We tend to give more importance to things which are harder to get. Earning Money:…
