by skysnap » 04 Jul 2022, 12:51 You can try out the following approach in the Spreadsheet.
As you can see, each category has specific task in your life. When you assign a money to that most of your work is taken care of and things get properly balanced as well. Your work becomes lot easier when you know where the money is going. Once that part is identified you can also stop a lot of financial leaks.
How to categorize money?
You can use the spreadsheet for making simple categories in one block. You can add the funds in the second block where the money is assigned for that category. This way you would gauge where the money is supposed to be spent. You can also use the apps which can do most of the categorization automatically for you. However they are relying more on digital payments. If you are using the digital money you would notice that this could affect you too.
Why it helps?
You eliminate the waste of the money. You also reduce mood spending. You can also take care of most of the expenses that happens due to the rush and the emotional spending. All the emergency funds that you feel like they are going to cause you some issues, you can easily address them too.
