Personal Finance
Keeping track of my Budget
By Akhiat  •  September 24, 2009
[caption id="attachment_3475" align="alignright" width="150" caption="Photo by Jeff Keen"]Photo by Jeff Keen[/caption] Many people monitor their cashflow by looking at how much cash they have in their POSB account whenever they withdraw money. If their POSB Savings is growing, it probably means positive cashflow. If its not, then they may only complain that they are not earning enough. This group of people will always feel that their POSB savings don't seems to grow and whenever the amount gets larger, its time for some big ticket expenses and the POSB savings comes back to a small amount it was originally 1 year ago. For me, I keep track of my budget by using my monthly Balance Sheet and Cashflow Statement. It is actually a very simple excel spreadsheet which I file under "Adrian's Money" in My Document folder. My Balance Sheet
  • I only have Cash and Invested Assets in my balance sheet.
  • Personal Use assets and CPF are left out of the picture. As I don't have specific debts except mortgage and I pay all my credit card bills on time, I also leave debts out of the picture.
  • I make use my internet banking to check the balances of all my bank accounts and key all the figures in my assets positions every 1st or 2nd of the month.
  • I will also log into the SGX and i-fast account to check on my investments. From my balance sheet, I know very clearly if my savings and investments are growing. Read more...
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By Akhiat
Adrian entered the Financial Advisory Industry in Feb'03 after years in the Shipping and Logistics Arena. He joined the industry with a strong belief that the public need better advice in their financial plan. "It is a big challenge to me till today because I am not a natural Sales Person. However I want to remove public's perception that Financial Adviser are all Salespeople. It is a professional job that deserve more respect. I want to impart my methodology, skills and knowledge to help you improve your Financial Health and to share health tips to improve your Physical Health."
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