I also list my family members birthdays and my budget for their gifts on that sheet and I make a note of it in whatever month it happens to be in. It feels really good to take those big expenses off my list too. I make sure that I have something to show for that extra $. I did that so that now, when I have a few extra bucks at the end of the month I don't just blow it on eating out. I also started a sheet on mine where I list the big stuff I want/need to save for like car repairs, getting my puppy spayed, expensive purse etc. I only do it per paycheck though, the daily spending would be too much for me. “The ratio of household debt-to-GDP is expected to remain elevated over the next few years as demand for credit is likely to remain strong, particularly from the relatively young labour force and more affluent population setting in urban centres,” Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said at a press briefing.Īccording to the central bank’s annual report, household debt in the country had grown at a faster pace of 12.7% annually from 2003 to 2013 to 86.8% of GDP at the end of last year, compared with the growth of total household assets at 10.4% annually to 321.6% of GDP at end-2013.Īhhh, the modern day checkbook! I started doing this about 3 months ago and have noticed a significant difference in my stress level when bills come due. That is the highest household-debt-to-GDP level in Asia. MALAYSIA’S household debt level has risen to a new record of 86.8% of gross domestic product (GDP) at end-2013, driven by loans for properties and motor vehicles. Everyone here has a car on a 9 year loan, and when thats up, they get a new car on a new loan. I live in Malaysia and the debt issue here is huge. In any case, how you use it is up to you, as long as the number at the end of the month is green, you did well! If you need to spend more than you budget allows, you will have a few days with a negative budget, do not spend money on these days but let it add up again until you have enough positive budget available to pay for it. Unspent money carries over into the next day and stacks with the new daily budget and so on. The idea is to only spend the money you have in your budget for the day. Here you have a row for each day of the month with a description, you expenses, your budget for the day and your saldo for the day (budget - expenses). This is where the main table comes into play. When done, it will tell you what your total budget for this month is, as well as your daily budget. and this also includes negative budget carrying over from last month. this also includes positive budget that carries over from last month.įixed Expenses is what you absolutely NEED to spend this month. Do not touch these unless you want to break the spreadsheet.īasically at the top you have a Income and Fixed expenses box: LIGHT GRAY are fields that are fixed or calculated automatically. You enter money amounts here, ALWAYS in positive. LIGHT YELLOW are text fields (except the one date field at the top) you can write stuff here like descriptions and more.ĭARK YELLOW are money fields. Remember to close the tab with the original file when you're done so others can access it too! When you keep it open google locks access if too many people are viewing it at the same time!Īnd now let me explain everything in case you need help: If you can't see the menu, the file is being overcrowded, try a mirror link! (Why google docs? It's free, and you already are in financial trouble!) I added some information and pointers to help you out, plus I filled in January with some dummy information so you can see how it's supposed to work. It's on google docs so you can simply " File -> Make a copy" to your own google docs and then work with that. So I made this spreadsheet to do the work for you! you really have no money to put aside) then this may help you with your daily budgeting.Ī while ago I came across an interesting budgeting method here on reddit that goes somewhere along the lines of "substract all your expenses from your income and then divide what is left over by the amount of day and spend only your daily budget, which stacks." which sounds very convoluted and hard to keep track of. Well first off let me preface this with "This is not your long-term solution to your financial problems" BUT if you are living paycheck to paycheck (i.e. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.
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