I had just finished my month end accounting. Every end of the month for the past 2-3 yrs, I had been tallying up numbers to fill in 4 excel spreadsheets. The first is my stock holdings, the second my balance sheet, the third my income statement and the last my cash flow. I started doing that when I wanted to know exactly how much I had in order to plan ahead. Personally, I find it hard to plan ahead when I do not know how much resources I had in the first place, so the first step before even my savings plan is to take stock of what I had.
So, what's the use of each of the spreadsheet that I update it so religiously every month?
1. Stock holdings - This spreadsheet records all my transactions since I started dabbling in the stock market. I used to update it ......